Adtalem Global Education (NYSE:ATGE) Issues Quarterly Earnings Results

Adtalem Global Education (NYSE:ATGE) posted its quarterly earnings results on Tuesday. The company reported $1.29 earnings per share (EPS) for the quarter, topping 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 company had revenue of $417.40 million for the quarter, compared to the consensus estimate of $397.48 million. During the same period last year, the firm posted $0.93 EPS. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. 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 9.5 %

Shares of NYSE:ATGE opened at $82.12 on Thursday. Adtalem Global Education has a twelve month low of $43.78 and a twelve month high of $85.26. The firm has a market cap of $3.09 billion, a P/E ratio of 30.87, a P/E/G ratio of 0.84 and a beta of 0.95. The company has a 50 day moving average of $73.91 and a 200-day moving average of $68.66. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.47.

Analyst Ratings Changes

A number of equities analysts have commented on ATGE shares. BMO Capital Markets lifted their target price on Adtalem Global Education from $84.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday. StockNews.com downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Finally, Barrington Research boosted their price target on shares of Adtalem Global Education from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday.

Insider Buying and Selling at Adtalem Global Education

In other news, Director Lisa W. Wardell sold 24,637 shares of Adtalem Global Education stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $75.60, for a total value of $1,862,557.20. Following the transaction, the director now owns 105,085 shares of the company’s stock, valued at $7,944,426. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Lisa W. Wardell sold 24,637 shares of the firm’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 sale, the director now directly owns 105,085 shares in the company, valued at approximately $7,944,426. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lisa W. Wardell sold 67,330 shares of Adtalem Global Education stock in a transaction that occurred on Thursday, August 8th. The stock was 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 in the company, valued at approximately $6,779,434.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 148,440 shares of company stock valued at $10,889,450. 2.20% of the stock is owned by 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.