Adtalem Global Education (NYSE:ATGE - Get Free Report) issued its earnings results on Thursday. The company reported $1.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.34, Briefing.com reports. Adtalem Global Education had a net margin of 7.12% and a return on equity of 14.06%. The business had revenue of $412.70 million for the quarter, compared to analyst estimates of $391.68 million. During the same quarter in the prior year, the business posted $1.13 EPS. The company's revenue for the quarter was up 11.8% on a year-over-year basis. Adtalem Global Education updated its FY24 guidance to $4.80-$5.00 EPS.
Adtalem Global Education Price Performance
NYSE ATGE opened at $60.08 on Monday. The company has a 50-day moving average price of $49.31 and a two-hundred day moving average price of $53.01. Adtalem Global Education has a 52 week low of $33.59 and a 52 week high of $62.99. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 22.59, a price-to-earnings-growth ratio of 0.82 and a beta of 0.92. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.49.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the stock. Barrington Research boosted their price objective on shares of Adtalem Global Education from $65.00 to $70.00 and gave the company an "outperform" rating in a research report on Friday. Robert W. Baird upped their target price on Adtalem Global Education from $65.00 to $70.00 and gave the company an "outperform" rating in a report on Friday. Finally, StockNews.com downgraded Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 7th.
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Adtalem Global Education Company Profile
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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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