FY2024 Earnings Forecast for Adtalem Global Education Inc. (NYSE:ATGE) Issued By Zacks Research

Adtalem Global Education Inc. (NYSE:ATGE) – Equities researchers at Zacks Research reduced their FY2024 earnings per share (EPS) estimates for Adtalem Global Education in a note issued to investors on Tuesday, April 16th. Zacks Research analyst S. Mukherjee now forecasts that the company will post earnings of $4.61 per share for the year, down from their previous estimate of $4.62. The consensus estimate for Adtalem Global Education’s current full-year earnings is $4.64 per share. Zacks Research also issued estimates for Adtalem Global Education’s FY2025 earnings at $5.20 EPS, Q3 2026 earnings at $1.54 EPS and FY2026 earnings at $5.91 EPS.

Adtalem Global Education (NYSE:ATGE) last released its earnings results on Wednesday, January 31st. The company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.23. The company had revenue of $393.24 million for the quarter, compared to the consensus estimate of $372.79 million. Adtalem Global Education had a return on equity of 13.05% and a net margin of 7.93%. Adtalem Global Education’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.17 earnings per share.

ATGE has been the topic of several other reports. StockNews.com downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 7th. Barrington Research boosted their price objective on Adtalem Global Education from $55.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, January 19th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $56.67.

Adtalem Global Education Price Performance

NYSE ATGE opened at $46.14 on Thursday. The company has a market capitalization of $1.81 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 0.66 and a beta of 0.92. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95. The business’s fifty day moving average is $48.95 and its 200 day moving average is $52.48. Adtalem Global Education has a fifty-two week low of $33.59 and a fifty-two week high of $62.99.

Hedge Funds Weigh In On Adtalem Global Education

Several large investors have recently made changes to their positions in the business. Capital World Investors purchased a new stake in shares of Adtalem Global Education in the fourth quarter worth about $57,787,000. Goldman Sachs Group Inc. lifted its position in shares of Adtalem Global Education by 1,102.1% in the second quarter. Goldman Sachs Group Inc. now owns 922,481 shares of the company’s stock worth $33,182,000 after buying an additional 845,743 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Adtalem Global Education by 396.5% in the third quarter. Wellington Management Group LLP now owns 1,019,094 shares of the company’s stock worth $43,668,000 after buying an additional 813,849 shares in the last quarter. Ariel Investments LLC lifted its position in shares of Adtalem Global Education by 12.2% in the first quarter. Ariel Investments LLC now owns 5,641,162 shares of the company’s stock worth $167,599,000 after buying an additional 611,402 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Adtalem Global Education in the fourth quarter worth about $19,451,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

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.