Adtalem Global Education (NYSE:ATGE) Issues FY 2022 Earnings Guidance

Adtalem Global Education (NYSE:ATGEGet Rating) updated its FY 2022 earnings guidance on Thursday. The company provided EPS guidance of $3.15-$3.35 for the period, compared to the consensus EPS estimate of $2.91. The company issued revenue guidance of $1.35 billion-$1.39 billion.

Several research firms have recently weighed in on ATGE. Zacks Investment Research upgraded Adtalem Global Education from a strong sell rating to a hold rating and set a $30.00 target price on the stock in a research report on Tuesday, April 12th. assumed coverage on Adtalem Global Education in a research report on Thursday, March 31st. They set a hold rating on the stock. Finally, BMO Capital Markets reduced their price objective on Adtalem Global Education from $37.00 to $32.00 in a research report on Thursday, February 10th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from, the stock has a consensus rating of Hold and a consensus target price of $37.33.

ATGE stock opened at $31.88 on Thursday. The business has a fifty day moving average of $30.11 and a two-hundred day moving average of $28.78. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.82. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 4.93, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13. Adtalem Global Education has a 52-week low of $19.14 and a 52-week high of $40.23.

Adtalem Global Education (NYSE:ATGEGet Rating) last posted its earnings results on Thursday, May 5th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.05. The company had revenue of $365.60 million during the quarter, compared to analysts’ expectations of $360.34 million. Adtalem Global Education had a return on equity of 10.99% and a net margin of 23.34%. The firm’s quarterly revenue was up 30.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.72 earnings per share. As a group, sell-side analysts anticipate that Adtalem Global Education will post 3.25 EPS for the current year.

In related news, SVP James Raymond Bartholomew sold 2,380 shares of the business’s stock in a transaction on Friday, May 20th. The stock was sold at an average price of $31.65, for a total transaction of $75,327.00. Following the completion of the transaction, the senior vice president now directly owns 2,343 shares of the company’s stock, valued at approximately $74,155.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.75% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ATGE. Ariel Investments LLC grew its stake in Adtalem Global Education by 12.2% during the 1st quarter. Ariel Investments LLC now owns 5,641,162 shares of the company’s stock worth $167,599,000 after purchasing an additional 611,402 shares in the last quarter. Norges Bank purchased a new stake in Adtalem Global Education during the 4th quarter worth about $14,309,000. BlackRock Inc. lifted its holdings in 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 buying an additional 272,312 shares during the last quarter. Invesco Ltd. lifted its holdings in Adtalem Global Education by 51.4% during the 1st quarter. Invesco Ltd. now owns 435,433 shares of the company’s stock worth $12,936,000 after buying an additional 147,758 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Adtalem Global Education by 150.8% in the 3rd quarter. Morgan Stanley now owns 198,594 shares of the company’s stock valued at $7,509,000 after purchasing an additional 119,394 shares during the last quarter. 98.59% of the stock is owned by hedge funds and other institutional investors.

Adtalem Global Education Company Profile (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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