Adtalem Global Education (NYSE:ATGE) Issues Earnings Results

Adtalem Global Education (NYSE:ATGE) announced its quarterly earnings results on Tuesday. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.17, Briefing.com reports. Adtalem Global Education had a return on equity of 15.63% and a net margin of 10.55%. The company had revenue of $417.40 million during the quarter, compared to the consensus estimate of $397.48 million. During the same period in the prior year, the company earned $0.93 earnings per share. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. Adtalem Global Education updated its FY25 guidance to $5.75-5.95 EPS and its FY 2025 guidance to 5.750-5.950 EPS.

Adtalem Global Education Trading Down 1.5 %

Shares of NYSE:ATGE opened at $80.92 on Friday. The stock has a market cap of $3.03 billion, a PE ratio of 18.52, a P/E/G ratio of 0.94 and a beta of 0.95. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 0.47. Adtalem Global Education has a 12-month low of $43.78 and a 12-month high of $85.26. The business has a 50 day moving average of $74.05 and a 200-day moving average of $68.74.

Insider Activity at Adtalem Global Education

In related news, CAO Manjunath Gangadharan sold 944 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $75.40, for a total value of $71,177.60. Following the transaction, the chief accounting officer now directly owns 4,720 shares in the company, valued at approximately $355,888. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Adtalem Global Education news, CAO Manjunath Gangadharan sold 944 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $75.40, for a total transaction of $71,177.60. Following the transaction, the chief accounting officer now owns 4,720 shares in the company, valued at $355,888. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lisa W. Wardell sold 67,330 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $71.51, for a total value of $4,814,768.30. Following the sale, the director now owns 94,804 shares of the company’s stock, valued at approximately $6,779,434.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 148,440 shares of company stock worth $10,889,450 in the last ninety days. 2.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ATGE shares. Barrington Research upped their target price on shares of Adtalem Global Education from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday. BMO Capital Markets upped their price objective on Adtalem Global Education from $84.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, StockNews.com lowered Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday.

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.