Adtalem Global Education (NYSE:ATGE) Posts Quarterly Earnings Results, Beats Estimates By $0.17 EPS

Adtalem Global Education (NYSE:ATGE) announced 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. Adtalem Global Education had a net margin of 10.55% and a return on equity of 15.63%. The company had revenue of $417.40 million for the quarter, compared to analysts’ expectations of $397.48 million. During the same quarter in the previous year, the company posted $0.93 EPS. The business’s revenue 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 Stock Performance

NYSE ATGE traded up $0.16 during trading on Friday, hitting $81.08. The company’s stock had a trading volume of 3,716 shares, compared to its average volume of 466,851. Adtalem Global Education has a 52 week low of $43.78 and a 52 week high of $85.26. The firm has a market cap of $3.04 billion, a P/E ratio of 18.52, a price-to-earnings-growth ratio of 0.94 and a beta of 0.95. The firm has a 50 day moving average price of $74.05 and a 200 day moving average price of $68.74. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 0.47.

Insider Activity

In other news, Director Lisa W. Wardell sold 67,330 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 94,804 shares of the company’s stock, valued at approximately $6,779,434.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Adtalem Global Education news, CAO Manjunath Gangadharan sold 944 shares of Adtalem Global Education stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $75.40, for a total transaction of $71,177.60. Following the sale, the chief accounting officer now directly owns 4,720 shares of the company’s stock, valued at approximately $355,888. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $4,814,768.30. Following the completion of the sale, the director now owns 94,804 shares in the company, valued at $6,779,434.04. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 148,440 shares of company stock valued at $10,889,450. 2.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have issued reports on ATGE. Barrington Research upped their price target on Adtalem Global Education from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday. StockNews.com lowered Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Finally, BMO Capital Markets boosted their price objective on Adtalem Global Education from $84.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday.

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.