Laureate Education (LAUR) Announces Quarterly Earnings Results
Laureate Education (NASDAQ:LAUR) issued its quarterly earnings data on Thursday. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.30, Bloomberg Earnings reports. Laureate Education had a net margin of 8.69% and a return on equity of 8.41%. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the company earned $0.28 EPS. The business’s revenue was down 2.2% on a year-over-year basis.
Shares of Laureate Education traded down $0.38, hitting $16.00, during midday trading on Friday, Marketbeat.com reports. The stock had a trading volume of 1,469,403 shares, compared to its average volume of 419,008. The stock has a market capitalization of $2.77 billion, a PE ratio of -13.33, a PEG ratio of 18.95 and a beta of 1.04. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.64. Laureate Education has a fifty-two week low of $10.46 and a fifty-two week high of $16.99.
In other news, major shareholder Apollo Management Holdings Gp, sold 500,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $14.66, for a total value of $7,330,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.10% of the stock is currently owned by insiders.
About Laureate Education
Laureate Education, Inc, together with its subsidiaries, provides higher education programs and services to students through universities and higher education institutions. It operates through six segments: Brazil, Mexico, Andean & Iberian, Central America & U.S. Campuses, EMEAA, and Online & Partnerships.
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