Adtalem Global Education (NYSE:ATGE) Posts Quarterly Earnings Results

by · The Cerbat Gem

Adtalem Global Education (NYSE:ATGE – Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.17, Briefing.com reports. The company had revenue of $417.40 million for the quarter, compared to analyst estimates of $397.48 million. Adtalem Global Education had a return on equity of 14.84% and a net margin of 8.63%. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.93 earnings per share. Adtalem Global Education updated its FY25 guidance to $5.75-5.95 EPS and its FY 2025 guidance to 5.750-5.950 EPS.

Adtalem Global Education Trading Up 9.5 %

Shares of ATGE opened at $82.12 on Thursday. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 30.87, a price-to-earnings-growth ratio of 0.84 and a beta of 0.95. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.86 and a quick ratio of 0.86. Adtalem Global Education has a 1-year low of $43.78 and a 1-year high of $85.26. The firm has a 50 day simple moving average of $73.91 and a 200-day simple moving average of $68.66.

Insiders Place Their Bets

In other news, Director Lisa W. Wardell sold 7,292 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $72.10, for a total transaction of $525,753.20. Following the completion of the sale, the director now directly owns 105,085 shares of the company’s stock, valued at $7,576,628.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Lisa W. Wardell sold 67,330 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $71.51, for a total transaction of $4,814,768.30. Following the completion of the sale, the director now directly owns 94,804 shares of the company’s stock, valued at approximately $6,779,434.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lisa W. Wardell sold 7,292 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $72.10, for a total transaction of $525,753.20. Following the sale, the director now directly owns 105,085 shares of the company’s stock, valued at approximately $7,576,628.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 148,440 shares of company stock valued at $10,889,450. Company insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ATGE. StockNews.com downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday. BMO Capital Markets raised their price objective on shares of Adtalem Global Education from $84.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Barrington Research lifted their price target on shares of Adtalem Global Education from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Wednesday.

Get Our Latest Stock Analysis on ATGE

Adtalem Global Education Company Profile

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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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