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 analysts have issued 1-year price objectives for Adtalem Global Education's stock. Their ATGE share price forecasts range from $40.00 to $48.00. On average, they anticipate the company's share price to reach $44.67 in the next twelve months. This suggests a possible upside of 19.2% from the stock's current price.
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Adtalem Global Education's stock was trading at $35.50 at the beginning of the year. Since then, ATGE stock has increased by 5.5% and is now trading at $37.46.
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Adtalem Global Education saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 1,290,000 shares, an increase of 6.6% from the February 28th total of 1,210,000 shares. Based on an average daily volume of 244,700 shares, the short-interest ratio is currently 5.3 days. Currently, 2.9% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
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Adtalem Global Education Inc. (NYSE:ATGE) posted its quarterly earnings results on Thursday, February, 2nd. The company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.29. The business had revenue of $363.30 million for the quarter, compared to analysts' expectations of $355.14 million. Adtalem Global Education had a trailing twelve-month return on equity of 13.13% and a net margin of 26.59%. Adtalem Global Education's revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.75 earnings per share.

ETFs with the largest weight of Adtalem Global Education (NYSE:ATGE) stock in their portfolio include Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Cambria Value and Momentum ETF (VAMO), Fidelity Sustainable U.S. Equity ETF (FSST), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), Schwab Ariel ESG ETF (SAEF), Cambria Shareholder Yield ETF (SYLD), Invesco S&P SmallCap Quality ETF (XSHQ) and Invesco S&P SmallCap Value with Momentum ETF (XSVM).

Adtalem Global Education updated its FY 2023 earnings guidance on Thursday, February, 2nd. The company provided earnings per share (EPS) guidance of $3.95-$4.20 for the period, compared to the consensus earnings per share estimate of $4.01. 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 a variety of institutional and retail investors. Top institutional investors include Ariel Investments LLC (8.38%), Dimensional Fund Advisors LP (8.29%), Alliancebernstein L.P. (2.45%), Geode Capital Management LLC (1.81%), Wedge Capital Management L L P NC (1.76%) and Charles Schwab Investment Management Inc. (1.68%). 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, Maurice Herrera, Michael W Malafronte, Sharon O'keefe, Stephen W Beard 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 $37.46.

Adtalem Global Education (NYSE:ATGE) has a market capitalization of $1.70 billion and generates $1.44 billion in revenue each year. The company earns $317.70 million in net income (profit) each year or $7.84 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.