Adtalem Global Education (NYSE:ATGE - Get Free Report) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 7.600-7.900 for the period, compared to the consensus earnings per share estimate of 6.537. The company issued revenue guidance of $1.9 billion-$1.9 billion, compared to the consensus revenue estimate of $1.8 billion.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on ATGE. BMO Capital Markets upped their target price on Adtalem Global Education from $115.00 to $132.00 and gave the company an "outperform" rating in a research note on Monday, May 12th. Barrington Research reaffirmed an "outperform" rating and set a $140.00 target price on shares of Adtalem Global Education in a research note on Wednesday, July 30th. Finally, Jefferies Financial Group started coverage on Adtalem Global Education in a research note on Wednesday, April 23rd. They set a "buy" rating and a $135.00 target price on the stock.
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Adtalem Global Education Trading Up 0.0%
NYSE:ATGE traded up $0.03 during midday trading on Thursday, hitting $119.85. The stock had a trading volume of 960,403 shares, compared to its average volume of 474,875. Adtalem Global Education has a one year low of $68.60 and a one year high of $140.12. The company has a market capitalization of $4.47 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 1.03 and a beta of 0.88. The stock has a 50-day moving average of $121.23 and a 200 day moving average of $111.78. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.39.
Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.15. Adtalem Global Education had a return on equity of 17.47% and a net margin of 13.34%. As a group, sell-side analysts forecast that Adtalem Global Education will post 6.2 EPS for the current year.
Adtalem Global Education announced that its board has authorized a share repurchase program on Tuesday, May 6th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the company to reacquire up to 3.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.
Insiders Place Their Bets
In other Adtalem Global Education news, Director William W. Burke sold 2,291 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $128.35, for a total transaction of $294,049.85. Following the completion of the sale, the director owned 9,368 shares in the company, valued at $1,202,382.80. This represents a 19.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is currently owned by corporate insiders.
Institutional Trading of Adtalem Global Education
A number of hedge funds have recently bought and sold shares of ATGE. Great Lakes Advisors LLC purchased a new stake in shares of Adtalem Global Education during the 1st quarter valued at $232,000. United Services Automobile Association purchased a new stake in shares of Adtalem Global Education during the 1st quarter valued at $248,000. Empowered Funds LLC purchased a new stake in shares of Adtalem Global Education during the 1st quarter valued at $898,000. Royal Bank of Canada raised its stake in Adtalem Global Education by 30.5% in the 1st quarter. Royal Bank of Canada now owns 11,589 shares of the company's stock worth $1,166,000 after acquiring an additional 2,706 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Adtalem Global Education by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,313 shares of the company's stock worth $2,246,000 after acquiring an additional 974 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.
About Adtalem Global Education
(
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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.
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