Adtalem Global Education (ATGE) Set to Announce Quarterly Earnings on Thursday

Adtalem Global Education (NYSE:ATGEGet Rating) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, August 11th. Analysts expect Adtalem Global Education to post earnings of $1.28 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Adtalem Global Education (NYSE:ATGEGet Rating) last posted its earnings results on Thursday, May 5th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.05. Adtalem Global Education had a return on equity of 10.99% and a net margin of 23.34%. The firm had revenue of $365.60 million for the quarter, compared to analysts’ expectations of $360.34 million. During the same period last year, the firm earned $0.72 EPS. The company’s quarterly revenue was up 30.2% on a year-over-year basis. On average, analysts expect Adtalem Global Education to post $3 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Adtalem Global Education Price Performance

NYSE:ATGE opened at $39.91 on Thursday. Adtalem Global Education has a 52 week low of $19.14 and a 52 week high of $40.60. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $1.80 billion, a PE ratio of 6.18, a price-to-earnings-growth ratio of 0.59 and a beta of 1.02. The stock’s 50-day moving average price is $35.84 and its 200-day moving average price is $30.66.

Insider Transactions at Adtalem Global Education

In other news, SVP James Raymond Bartholomew sold 2,380 shares of Adtalem Global Education stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $31.65, for a total transaction of $75,327.00. Following the sale, the senior vice president now owns 2,343 shares of the company’s stock, valued at approximately $74,155.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director William V. Krehbiel purchased 10,000 shares of Adtalem Global Education stock in a transaction dated Tuesday, June 14th. The shares were purchased at an average price of $31.67 per share, with a total value of $316,700.00. Following the transaction, the director now owns 10,000 shares in the company, valued at $316,700. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, SVP James Raymond Bartholomew sold 2,380 shares of Adtalem Global Education stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $31.65, for a total transaction of $75,327.00. Following the sale, the senior vice president now directly owns 2,343 shares in the company, valued at approximately $74,155.95. The disclosure for this sale can be found here. Insiders own 2.75% of the company’s stock.

Institutional Trading of Adtalem Global Education

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ATGE. US Bancorp DE grew its stake in shares of Adtalem Global Education by 76.7% in the first quarter. US Bancorp DE now owns 1,786 shares of the company’s stock worth $53,000 after acquiring an additional 775 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of Adtalem Global Education by 210.5% in the first quarter. Captrust Financial Advisors now owns 2,881 shares of the company’s stock worth $86,000 after acquiring an additional 1,953 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Adtalem Global Education in the first quarter worth $101,000. Walleye Capital LLC acquired a new position in shares of Adtalem Global Education during the first quarter worth $202,000. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Adtalem Global Education during the second quarter worth $258,000. Hedge funds and other institutional investors own 98.59% of the company’s stock.

About Adtalem Global Education

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Adtalem Global Education Inc provides workforce solutions worldwide. It operates through two segments, Medical and Healthcare; and Financial Services. The Medical and Healthcare segment offers degree and non-degree programs in the medical and healthcare postsecondary education industry. This segment operates Chamberlain University, American University of the Caribbean School of Medicine, Ross University School of Medicine, and Ross University School of Veterinary Medicine.

Further Reading

Earnings History for Adtalem Global Education (NYSE:ATGE)

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