ATGE FY2025 EPS Forecast Lifted by Barrington Research

Adtalem Global Education Inc. (NYSE:ATGE - Free Report) - Equities research analysts at Barrington Research raised their FY2025 earnings estimates for Adtalem Global Education in a research report issued on Wednesday, October 30th. Barrington Research analyst A. Paris now forecasts that the company will post earnings of $5.90 per share for the year, up from their prior estimate of $5.73. Barrington Research currently has a "Outperform" rating and a $95.00 price target on the stock. The consensus estimate for Adtalem Global Education's current full-year earnings is $5.85 per share.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The company reported $1.29 EPS for the quarter, topping analysts' consensus estimates of $1.12 by $0.17. Adtalem Global Education had a net margin of 10.55% and a return on equity of 15.63%. The firm had revenue of $417.40 million during the quarter, compared to the consensus estimate of $397.48 million. During the same quarter in the previous year, the company posted $0.93 earnings per share. The firm's revenue was up 13.2% on a year-over-year basis.

ATGE has been the subject of several other research reports. StockNews.com cut shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Thursday. BMO Capital Markets upped their price target on shares of Adtalem Global Education from $84.00 to $90.00 and gave the company an "outperform" rating in a report on Wednesday.

Adtalem Global Education Stock Performance

ATGE stock traded down $1.22 during mid-day trading on Friday, reaching $79.70. The company had a trading volume of 390,960 shares, compared to its average volume of 468,742. The stock's 50-day simple moving average is $74.14 and its two-hundred day simple moving average is $68.98. The stock has a market capitalization of $2.99 billion, a P/E ratio of 18.24, 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 one year low of $43.78 and a one year high of $85.26.

Insider Activity at Adtalem Global Education

In other news, Director Lisa W. Wardell sold 24,637 shares of the company's stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $75.60, for a total value of $1,862,557.20. Following the transaction, the director now owns 105,085 shares in the company, valued at $7,944,426. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Lisa W. Wardell sold 24,637 shares of the firm's stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $75.60, for a total transaction of $1,862,557.20. Following the transaction, the director now owns 105,085 shares of the company's stock, valued at approximately $7,944,426. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 stock was sold at an average price of $71.51, for a total transaction of $4,814,768.30. Following the completion of the sale, the director now owns 94,804 shares of the company's stock, valued at $6,779,434.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 148,440 shares of company stock worth $10,889,450. 2.00% of the stock is owned by corporate insiders.

Institutional Trading of Adtalem Global Education

A number of institutional investors and hedge funds have recently modified their holdings of ATGE. Covestor Ltd raised its holdings in Adtalem Global Education by 7,430.0% in the 1st quarter. Covestor Ltd now owns 753 shares of the company's stock valued at $38,000 after acquiring an additional 743 shares in the last quarter. Quarry LP bought a new position in Adtalem Global Education in the 2nd quarter worth approximately $43,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Adtalem Global Education during the first quarter worth $53,000. GAMMA Investing LLC lifted its position in Adtalem Global Education by 116.7% during the 2nd quarter. GAMMA Investing LLC now owns 804 shares of the company's stock valued at $55,000 after purchasing an additional 433 shares during the period. Finally, Headlands Technologies LLC bought a new stake in shares of Adtalem Global Education during the 1st quarter valued at $56,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

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.