Adtalem Global Education Inc. to Post FY2024 Earnings of $4.61 Per Share, Zacks Research Forecasts (NYSE:ATGE)

Adtalem Global Education Inc. (NYSE:ATGE - Free Report) - Equities research analysts at Zacks Research cut their FY2024 EPS estimates for Adtalem Global Education in a research report issued to clients and investors on Tuesday, April 16th. Zacks Research analyst S. Mukherjee now forecasts that the company will post earnings of $4.61 per share for the year, down from their prior estimate of $4.62. The consensus estimate for Adtalem Global Education's current full-year earnings is $4.64 per share. Zacks Research also issued estimates for Adtalem Global Education's FY2025 earnings at $5.20 EPS, Q3 2026 earnings at $1.54 EPS and FY2026 earnings at $5.91 EPS.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued its quarterly earnings data on Wednesday, January 31st. The company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.23. Adtalem Global Education had a net margin of 7.93% and a return on equity of 13.05%. The business had revenue of $393.24 million during the quarter, compared to analysts' expectations of $372.79 million. During the same quarter in the previous year, the company earned $1.17 EPS. The business's revenue was up 8.4% on a year-over-year basis.

ATGE has been the topic of a number of other research reports. StockNews.com lowered Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 7th. Barrington Research raised their price target on Adtalem Global Education from $55.00 to $65.00 and gave the stock an "outperform" rating in a research report on Friday, January 19th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $56.67.

Adtalem Global Education Stock Performance

Shares of ATGE traded up $0.15 during mid-day trading on Thursday, hitting $46.14. 249,805 shares of the company's stock were exchanged, compared to its average volume of 532,380. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. Adtalem Global Education has a 52 week low of $33.59 and a 52 week high of $62.99. The stock's 50-day simple moving average is $48.95 and its 200-day simple moving average is $52.48. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 16.90, a price-to-earnings-growth ratio of 0.66 and a beta of 0.92.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ATGE. Royal Bank of Canada grew its position in Adtalem Global Education by 65.2% in the third quarter. Royal Bank of Canada now owns 727 shares of the company's stock valued at $27,000 after acquiring an additional 287 shares during the last quarter. Ronald Blue Trust Inc. increased its position in Adtalem Global Education by 336.1% during the 3rd quarter. Ronald Blue Trust Inc. now owns 737 shares of the company's stock worth $32,000 after purchasing an additional 568 shares in the last quarter. Lazard Asset Management LLC acquired a new position in Adtalem Global Education during the 2nd quarter worth approximately $35,000. US Bancorp DE lifted its stake in Adtalem Global Education by 76.7% in the 1st quarter. US Bancorp DE now owns 1,786 shares of the company's stock valued at $53,000 after purchasing an additional 775 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ acquired a new stake in Adtalem Global Education in the third quarter valued at approximately $56,000. 98.84% of the stock is owned by institutional investors.

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.