Equities research analysts forecast that Laureate Education Inc (NASDAQ:LAUR) will announce sales of $931.47 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Laureate Education’s earnings. The lowest sales estimate is $929.30 million and the highest is $936.30 million. Laureate Education posted sales of $983.40 million during the same quarter last year, which suggests a negative year over year growth rate of 5.3%. The firm is expected to announce its next quarterly earnings results on Wednesday, November 14th.

On average, analysts expect that Laureate Education will report full-year sales of $4.27 billion for the current financial year, with estimates ranging from $4.26 billion to $4.29 billion. For the next financial year, analysts expect that the business will post sales of $4.08 billion per share, with estimates ranging from $3.81 billion to $4.20 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Laureate Education.

Laureate Education (NASDAQ:LAUR) last posted its quarterly earnings results on Thursday, August 9th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.30. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Laureate Education had a net margin of 11.22% and a return on equity of 13.74%. Laureate Education’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 EPS.

A number of equities research analysts have issued reports on LAUR shares. Barrington Research reissued a “buy” rating and set a $20.00 target price on shares of Laureate Education in a report on Friday, August 10th. Barclays reissued a “hold” rating and set a $17.00 target price on shares of Laureate Education in a report on Friday, August 10th. Zacks Investment Research raised shares of Laureate Education from a “hold” rating to a “strong-buy” rating and set a $17.00 target price on the stock in a report on Wednesday, July 11th. Citigroup lowered their target price on shares of Laureate Education from $20.50 to $19.00 and set a “buy” rating on the stock in a report on Wednesday, July 11th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Laureate Education from $18.00 to $18.50 and gave the company an “overweight” rating in a report on Wednesday, May 23rd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $18.41.

Shares of NASDAQ:LAUR traded up $0.21 during mid-day trading on Wednesday, reaching $15.55. The company had a trading volume of 744,500 shares, compared to its average volume of 533,473. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $3.48 billion, a PE ratio of -12.88, a price-to-earnings-growth ratio of 1.90 and a beta of 1.15. Laureate Education has a one year low of $10.46 and a one year high of $16.99.

In other Laureate Education news, CEO Paula R. Singer sold 23,109 shares of the business’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $16.00, for a total transaction of $369,744.00. Following the sale, the chief executive officer now owns 76,067 shares of the company’s stock, valued at approximately $1,217,072. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 13.10% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Apollo Management Holdings L.P. bought a new position in shares of Laureate Education in the second quarter worth $94,610,000. FMR LLC increased its holdings in shares of Laureate Education by 15.2% in the second quarter. FMR LLC now owns 4,424,991 shares of the company’s stock worth $63,410,000 after purchasing an additional 583,429 shares during the period. BlackRock Inc. increased its holdings in shares of Laureate Education by 3.1% in the first quarter. BlackRock Inc. now owns 4,260,635 shares of the company’s stock worth $58,583,000 after purchasing an additional 126,981 shares during the period. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Laureate Education by 19.2% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 2,653,765 shares of the company’s stock worth $36,489,000 after purchasing an additional 427,025 shares during the period. Finally, Millennium Management LLC increased its holdings in shares of Laureate Education by 237.8% in the second quarter. Millennium Management LLC now owns 1,341,444 shares of the company’s stock worth $19,223,000 after purchasing an additional 944,299 shares during the period. 35.05% of the stock is currently owned by hedge funds and other institutional investors.

About Laureate Education

Laureate Education, Inc, together with its subsidiaries, provides higher education programs and services to students through universities and higher education institutions. It operates through six segments: Brazil, Mexico, Andean & Iberian, Central America & U.S. Campuses, EMEAA, and Online & Partnerships.

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Earnings History and Estimates for Laureate Education (NASDAQ:LAUR)

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