Adtalem Global Education (NYSE:ATGE) Releases Earnings Results, Beats Expectations By $0.17 EPS

Adtalem Global Education (NYSE:ATGE - Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.17, Briefing.com reports. The firm had revenue of $417.40 million for the quarter, compared to the consensus estimate of $397.48 million. Adtalem Global Education had a net margin of 8.63% and a return on equity of 14.84%. The company's quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.93 EPS. 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 Stock Up 9.5 %

Shares of ATGE traded up $7.13 during midday trading on Wednesday, reaching $82.12. The stock had a trading volume of 1,073,124 shares, compared to its average volume of 468,775. Adtalem Global Education has a 1-year low of $43.78 and a 1-year high of $85.26. The company's fifty day simple moving average is $73.91 and its two-hundred day simple moving average is $68.66. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 30.87, a PEG ratio of 0.84 and a beta of 0.95. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.86 and a quick ratio of 0.86.

Insider Buying and Selling

In other news, Director Lisa W. Wardell sold 24,637 shares of Adtalem Global Education stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $75.60, for a total value of $1,862,557.20. Following the sale, the director now owns 105,085 shares of the company's stock, valued at $7,944,426. The trade was 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 accessible through this hyperlink. In other news, 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 completion of the transaction, the director now directly owns 94,804 shares in the company, valued at approximately $6,779,434.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lisa W. Wardell sold 24,637 shares of the company's stock in a transaction 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 completion of the sale, the director now directly owns 105,085 shares in the company, valued at $7,944,426. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 148,440 shares of company stock worth $10,889,450 in the last ninety days. 2.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. BMO Capital Markets raised their target price on Adtalem Global Education from $84.00 to $90.00 and gave the stock an "outperform" rating in a research note on Wednesday. StockNews.com upgraded shares of Adtalem Global Education from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, October 23rd. Finally, Barrington Research increased their price target on shares of Adtalem Global Education from $90.00 to $95.00 and gave the company an "outperform" rating in a research note on Wednesday.

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.