Q3 2018 EPS Estimates for Adtalem Global Education Inc Lowered by Barrington Research (ATGE)
Adtalem Global Education Inc (NYSE:ATGE) – Investment analysts at Barrington Research cut their Q3 2018 earnings estimates for Adtalem Global Education in a research report issued on Wednesday. Barrington Research analyst A. Paris. Jr now expects that the company will earn $0.72 per share for the quarter, down from their prior forecast of $0.80. Barrington Research also issued estimates for Adtalem Global Education’s Q4 2018 earnings at $0.91 EPS.
A number of other brokerages have also recently commented on ATGE. Robert W. Baird reiterated a “hold” rating on shares of Adtalem Global Education in a research note on Thursday, December 7th. Piper Jaffray Companies reiterated a “buy” rating and issued a $59.00 price target on shares of Adtalem Global Education in a research note on Monday, December 4th. Zacks Investment Research cut Adtalem Global Education from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. BMO Capital Markets dropped their price target on Adtalem Global Education from $49.00 to $45.00 and set a “market perform” rating for the company in a research note on Wednesday. Finally, BidaskClub upgraded Adtalem Global Education from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $50.33.
Adtalem Global Education (NYSE:ATGE) last released its earnings results on Tuesday, February 6th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.01. Adtalem Global Education had a return on equity of 9.92% and a net margin of 0.86%. The firm had revenue of $337.24 million during the quarter, compared to analysts’ expectations of $435.56 million. During the same period in the prior year, the company earned $0.64 earnings per share. The company’s quarterly revenue was up 1.0% on a year-over-year basis.
A number of large investors have recently made changes to their positions in ATGE. Vanguard Group Inc. bought a new position in Adtalem Global Education during the 2nd quarter worth $184,918,000. State Street Corp bought a new position in Adtalem Global Education during the 2nd quarter worth $75,205,000. Janus Henderson Group PLC bought a new position in Adtalem Global Education during the 2nd quarter worth $45,410,000. Wedge Capital Management L L P NC bought a new position in Adtalem Global Education during the 4th quarter worth $45,234,000. Finally, FMR LLC bought a new position in Adtalem Global Education during the 2nd quarter worth $15,601,000.
In related news, insider Ronald L. Taylor sold 100,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $45.33, for a total transaction of $4,533,000.00. Following the completion of the transaction, the insider now directly owns 643,620 shares of the company’s stock, valued at approximately $29,175,294.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Donna Jennings sold 4,582 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $45.00, for a total value of $206,190.00. Following the transaction, the senior vice president now directly owns 16,794 shares of the company’s stock, valued at $755,730. The disclosure for this sale can be found here. 3.04% of the stock is currently owned by corporate insiders.
Adtalem Global Education Company Profile
Adtalem Global Education Inc, formerly DeVry Education Group Inc (DeVry Group) is a global provider of educational services. DeVry Group’s focuses on empowering its students to achieve their educational and career goals. DeVry Group’s institutions offer a range of programs in healthcare, technology, business, accounting, finance and law.
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