Adtalem Global Education (ATGE) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Adtalem Global Education in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" ATGE shares.
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2 Wall Street analysts have issued 1-year target prices 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 stock price to reach $44.67 in the next twelve months. This suggests a possible upside of 2.8% from the stock's current price.
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Adtalem Global Education's stock was trading at $35.50 at the start of the year. Since then, ATGE stock has increased by 22.3% and is now trading at $43.43.
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Adtalem Global Education saw a increase in short interest in May. As of May 15th, there was short interest totaling 1,390,000 shares, an increase of 6.1% from the April 30th total of 1,310,000 shares. Based on an average daily volume of 276,300 shares, the short-interest ratio is presently 5.0 days. Approximately 3.3% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
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Adtalem Global Education Inc. (NYSE:ATGE) posted its quarterly earnings data on Tuesday, May, 2nd. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.21. The company had revenue of $369.10 million for the quarter, compared to analysts' expectations of $354.47 million. Adtalem Global Education had a net margin of 5.54% and a trailing twelve-month return on equity of 13.67%. The firm's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.87 EPS.

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

Adtalem Global Education issued an update on its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided EPS guidance of $4.05-$4.20 for the period, compared to the consensus EPS estimate of $4.09. The company issued revenue guidance of $1.40 billion-$1.45 billion, compared to the consensus revenue estimate of $1.43 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 BlackRock Inc. (16.28%), FMR LLC (11.31%), Dimensional Fund Advisors LP (8.61%), State Street Corp (3.61%), Geode Capital Management LLC (1.98%) and Frontier Capital Management Co. LLC (1.77%). 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 $43.43.

Adtalem Global Education (NYSE:ATGE) has a market capitalization of $1.89 billion and generates $1.45 billion in revenue each year. The company earns $317.70 million in net income (profit) each year or $1.75 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.