Adtalem Global Education (NYSE:ATGE) Updates FY25 Earnings Guidance

Adtalem Global Education (NYSE:ATGE) updated its FY25 earnings guidance on Tuesday. The company provided EPS guidance of $5.75-5.95 for the period, compared to the consensus EPS estimate of $5.75. The company issued revenue guidance of $1.69-1.73 billion, compared to the consensus revenue estimate of $1.68 billion.

Analyst Ratings Changes

ATGE has been the subject of a number of recent research reports. Barrington Research reiterated an “outperform” rating and set a $90.00 price objective on shares of Adtalem Global Education in a research note on Thursday, August 29th. StockNews.com raised Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. Finally, BMO Capital Markets upped their price target on shares of Adtalem Global Education from $76.00 to $84.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th.

Adtalem Global Education Stock Up 2.3 %

ATGE stock traded up $1.66 during midday trading on Tuesday, hitting $74.99. The company’s stock had a trading volume of 506,234 shares, compared to its average volume of 465,721. The firm’s 50-day moving average is $73.68 and its 200-day moving average is $68.36. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.47. Adtalem Global Education has a 12 month low of $43.78 and a 12 month high of $80.18. The company has a market cap of $2.82 billion, a PE ratio of 27.61, a P/E/G ratio of 0.84 and a beta of 0.95.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.09. Adtalem Global Education had a return on equity of 14.84% and a net margin of 8.63%. The firm had revenue of $409.91 million for the quarter, compared to the consensus estimate of $398.64 million. During the same period in the prior year, the company posted $1.03 earnings per share. The company’s quarterly revenue was up 12.4% on a year-over-year basis. On average, equities research analysts forecast that Adtalem Global Education will post 5.72 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Lisa W. Wardell sold 24,637 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 105,085 shares of the company’s stock, valued at $7,944,426. 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 is available at the SEC website. In other Adtalem Global Education news, CAO Manjunath Gangadharan sold 944 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $75.40, for a total transaction of $71,177.60. Following the completion of the sale, the chief accounting officer now directly owns 4,720 shares in the company, valued at $355,888. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lisa W. Wardell sold 24,637 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $75.60, for a total transaction of $1,862,557.20. Following the completion of the transaction, the director now owns 105,085 shares in the company, valued at $7,944,426. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 148,440 shares of company stock valued at $10,889,450 in the last 90 days. 2.20% of the stock is currently owned by insiders.

About Adtalem Global Education

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.