Adtalem Global Education (NYSE:ATGE) Issues Earnings Results

Adtalem Global Education (NYSE:ATGE) posted its earnings results on Tuesday. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.17, Briefing.com reports. Adtalem Global Education had a net margin of 8.63% and a return on equity of 14.84%. The firm had revenue of $417.40 million during the quarter, compared to analyst estimates of $397.48 million. During the same period last year, the firm posted $0.93 earnings per share. Adtalem Global Education’s revenue for the quarter was up 13.2% compared to the same quarter last year. 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 11.6 %

NYSE:ATGE traded up $8.67 during mid-day trading on Wednesday, hitting $83.66. 528,636 shares of the stock traded hands, compared to its average volume of 466,026. Adtalem Global Education has a 52 week low of $43.78 and a 52 week high of $85.26. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 31.19, a PEG ratio of 0.84 and a beta of 0.95. The firm’s 50 day moving average is $73.74 and its two-hundred day moving average is $68.57.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ATGE. BMO Capital Markets increased their price target on shares of Adtalem Global Education from $84.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday. Barrington Research raised their price objective on Adtalem Global Education from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, StockNews.com raised Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd.

Insider Activity at Adtalem Global Education

In related news, Director Lisa W. Wardell sold 24,637 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $75.60, for a total value of $1,862,557.20. Following the completion of the sale, the director now owns 105,085 shares in the company, valued at approximately $7,944,426. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Adtalem Global Education news, Director Lisa W. Wardell sold 24,637 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $75.60, for a total transaction of $1,862,557.20. Following the transaction, the director now directly owns 105,085 shares in the company, valued at $7,944,426. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lisa W. Wardell sold 7,292 shares of the business’s stock in a transaction dated 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 owns 105,085 shares of the company’s stock, valued at approximately $7,576,628.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 148,440 shares of company stock worth $10,889,450 in the last quarter. 2.20% of the stock is owned by company insiders.

Adtalem Global Education Company Profile

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.