Adtalem Global Education (NYSE:ATGE – Get Free Report) is scheduled to be announcing its earnings results after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of $1.24 per share for the quarter. Adtalem Global Education has set its FY24 guidance at $4.80-$5.00 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.
Adtalem Global Education (NYSE:ATGE – Get Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.34. The company had revenue of $412.70 million for the quarter, compared to analysts’ expectations of $391.68 million. Adtalem Global Education had a net margin of 7.12% and a return on equity of 14.06%. Adtalem Global Education’s revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.13 EPS. On average, analysts expect Adtalem Global Education to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Adtalem Global Education Stock Performance
Shares of ATGE stock opened at $78.75 on Tuesday. The stock has a market capitalization of $2.96 billion, a P/E ratio of 29.61, a PEG ratio of 0.92 and a beta of 0.97. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.49. The firm’s 50 day moving average is $68.56 and its 200 day moving average is $58.07. Adtalem Global Education has a 12 month low of $41.79 and a 12 month high of $80.18.
Wall Street Analysts Forecast Growth
ATGE has been the topic of a number of analyst reports. Robert W. Baird upped their target price on shares of Adtalem Global Education from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Barrington Research increased their price target on shares of Adtalem Global Education from $70.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th.
Check Out Our Latest Report on ATGE
Insider Activity at Adtalem Global Education
In other Adtalem Global Education news, CAO Manjunath Gangadharan sold 946 shares of the stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $65.75, for a total transaction of $62,199.50. Following the completion of the sale, the chief accounting officer now owns 6,040 shares of the company’s stock, valued at approximately $397,130. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.20% of the stock is owned by insiders.
About Adtalem Global Education
Adtalem Global Education Inc provides workforce solutions worldwide. It operates through three segments, Chamberlain, Walden, and Medical and Veterinary. The Chamberlain segment offers degree and non-degree programs in the nursing and health professions postsecondary education industry. This segment operates Chamberlain University.
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