Adtalem Global Education - ATGE Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Adtalem Global Education in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ATGE shares.
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2 brokerages have issued 12-month price targets for Adtalem Global Education's stock. Their ATGE share price forecasts range from $40.00 to $48.00. On average, they predict the company's stock price to reach $44.67 in the next twelve months. This suggests a possible upside of 17.7% from the stock's current price.
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Adtalem Global Education's stock was trading at $29.56 at the beginning of 2022. Since then, ATGE stock has increased by 28.4% and is now trading at $37.96.
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Adtalem Global Education saw a decline in short interest in November. As of November 15th, there was short interest totaling 1,460,000 shares, a decline of 27.4% from the October 31st total of 2,010,000 shares. Based on an average trading volume of 363,200 shares, the short-interest ratio is currently 4.0 days. Approximately 3.3% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 14th 2023.
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Adtalem Global Education Inc. (NYSE:ATGE) released its quarterly earnings data on Thursday, November, 3rd. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.71 by $0.17. The firm had revenue of $354.56 million for the quarter, compared to the consensus estimate of $353.41 million. Adtalem Global Education had a net margin of 26.01% and a trailing twelve-month return on equity of 12.53%. Adtalem Global Education's revenue for the quarter was up 22.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.62 EPS.

Adtalem Global Education issued an update on its FY 2023 earnings guidance on Thursday, November, 10th. The company provided earnings per share guidance of $3.95-$4.20 for the period, compared to the consensus EPS estimate of $4.06. The company issued revenue guidance of $1.38 billion-$1.45 billion, compared to the consensus revenue estimate of $1.42 billion.

10 employees have rated Adtalem Global Education Chief Executive Officer Lisa Warner Wardell on Glassdoor.com. Lisa Warner Wardell has an approval rating of 39% among the company's employees. This puts Lisa Warner Wardell in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Adtalem Global Education investors own include Pfizer (PFE), Intel (INTC), NVIDIA (NVDA), ONEOK (OKE), Tesla (TSLA), Valero Energy (VLO), Aptiv (APTV), Cisco Systems (CSCO), Walgreens Boots Alliance (WBA) and Advanced Micro Devices (AMD).

Adtalem Global Education trades on the New York Stock Exchange (NYSE) under the ticker symbol "ATGE."

Adtalem Global Education's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.82%), Vanguard Group Inc. (10.82%), Dimensional Fund Advisors LP (7.91%), State Street Corp (3.69%), Alliancebernstein L.P. (2.60%) and Frontier Capital Management Co. LLC (2.07%). Insiders that own company stock include Charles Deshazer, Donna Jennings, Georgette D Kiser, Holland Katherine Alice Boden, James Raymond Bartholomew, Justin J Noznesky, Kenneth J Phelan, Lisa W Wardell, Lisa W Wardell, Lyle Logan, Michael W Malafronte, Sharon O'keefe, Stephen W Beard, Thiago Aguiar Sayao and William V Krehbiel.
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Shares of ATGE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ATGE stock can currently be purchased for approximately $37.96.

Adtalem Global Education (NYSE:ATGE) has a market capitalization of $1.72 billion and generates $1.39 billion in revenue each year. The company earns $317.70 million in net income (profit) each year or $7.68 on an earnings per share basis.

The company employs 4,682 workers across the globe.

Adtalem Global Education's mailing address is 500 WEST MONROE SUITE 28, CHICAGO IL, 60661. The official website for the company is www.adtalem.com. The company can be reached via phone at (866) 374-2678, via email at maureen.resac@adtalem.com, or via fax at 302-655-5049.