Adtalem Global Education (ATGE) to Release Quarterly Earnings on Thursday

Adtalem Global Education (NYSE:ATGEGet Rating) is set to release its earnings data after the market closes on Thursday, May 5th. Analysts expect Adtalem Global Education to post earnings of $0.88 per share for the quarter. Adtalem Global Education has set its FY 2022 guidance at $2.900-$3.100 EPS and its FY22 guidance at $2.90-$3.10 EPS.Investors that wish to register for the company’s conference call can do so using this link.

Adtalem Global Education (NYSE:ATGEGet Rating) last released its quarterly earnings data on Tuesday, February 8th. The company reported $0.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.21). The company had revenue of $371.20 million for the quarter, compared to the consensus estimate of $419.27 million. Adtalem Global Education had a positive return on equity of 10.93% and a negative net margin of 0.51%. Adtalem Global Education’s revenue for the quarter was up 58.4% compared to the same quarter last year. During the same period last year, the company earned $0.77 EPS. On average, analysts expect Adtalem Global Education to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

ATGE stock opened at $29.81 on Thursday. Adtalem Global Education has a 1 year low of $19.14 and a 1 year high of $40.23. The stock has a market capitalization of $1.48 billion, a PE ratio of -198.73, a price-to-earnings-growth ratio of 0.67 and a beta of 1.21. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.23 and a quick ratio of 1.23. The company’s 50-day moving average is $27.06 and its 200-day moving average is $29.54.

In related news, Director Kenneth J. Phelan purchased 4,087 shares of the firm’s stock in a transaction dated Thursday, February 10th. The stock was bought at an average price of $24.47 per share, for a total transaction of $100,008.89. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Lisa W. Wardell acquired 4,020 shares of Adtalem Global Education stock in a transaction that occurred on Thursday, February 10th. The stock was acquired at an average price of $24.48 per share, with a total value of $98,409.60. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 50,357 shares of company stock valued at $1,189,521. 2.75% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in the business. Norges Bank bought a new position in Adtalem Global Education in the 4th quarter valued at $14,309,000. Barclays PLC boosted its holdings in Adtalem Global Education by 65.2% in the 4th quarter. Barclays PLC now owns 72,713 shares of the company’s stock valued at $2,150,000 after purchasing an additional 28,706 shares during the period. BlackRock Inc. lifted its holdings in shares of Adtalem Global Education by 3.6% during the 4th quarter. BlackRock Inc. now owns 7,898,398 shares of the company’s stock worth $233,476,000 after acquiring an additional 272,312 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Adtalem Global Education by 19.7% during the 4th quarter. Wells Fargo & Company MN now owns 51,405 shares of the company’s stock worth $1,519,000 after acquiring an additional 8,446 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its holdings in shares of Adtalem Global Education by 240.5% during the 4th quarter. Allianz Asset Management GmbH now owns 26,455 shares of the company’s stock worth $782,000 after acquiring an additional 18,686 shares during the last quarter. 98.28% of the stock is owned by hedge funds and other institutional investors.

ATGE has been the topic of several recent research reports. Zacks Investment Research raised shares of Adtalem Global Education from a “strong sell” rating to a “hold” rating and set a $30.00 price target on the stock in a research report on Tuesday, April 12th. BMO Capital Markets dropped their price target on shares of Adtalem Global Education from $37.00 to $32.00 in a research report on Thursday, February 10th. Finally, StockNews.com started coverage on shares of Adtalem Global Education in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $37.33.

About Adtalem Global Education (Get Rating)

Adtalem Global Education Inc provides workforce solutions worldwide. It operates through two segments, Medical and Healthcare; and Financial Services. The Medical and Healthcare segment offers degree and non-degree programs in the medical and healthcare postsecondary education industry. This segment operates Chamberlain University, American University of the Caribbean School of Medicine, Ross University School of Medicine, and Ross University School of Veterinary Medicine.

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Earnings History for Adtalem Global Education (NYSE:ATGE)

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