Adtalem Global Education (NYSE:ATGE) Updates FY 2024 Earnings Guidance

Adtalem Global Education (NYSE:ATGE) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 4.800-5.000 for the period, compared to the consensus estimate of 4.650. The company issued revenue guidance of $1.6 billion-$1.6 billion, compared to the consensus revenue estimate of $1.5 billion.

Analyst Upgrades and Downgrades

ATGE has been the topic of several research reports. Robert W. Baird upped their price objective on Adtalem Global Education from $65.00 to $70.00 and gave the stock an outperform rating in a report on Friday. Barrington Research lifted their price objective on Adtalem Global Education from $65.00 to $70.00 and gave the stock an outperform rating in a research report on Friday. Finally, StockNews.com cut Adtalem Global Education from a strong-buy rating to a buy rating in a report on Wednesday, February 7th.

Adtalem Global Education Stock Up 0.0 %

Shares of ATGE stock traded up $0.03 during trading on Monday, reaching $60.11. The company’s stock had a trading volume of 45,434 shares, compared to its average volume of 515,305. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.49. Adtalem Global Education has a one year low of $33.59 and a one year high of $62.99. The business has a fifty day moving average price of $49.31 and a 200-day moving average price of $53.01. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 22.48, a price-to-earnings-growth ratio of 0.82 and a beta of 0.92.

Adtalem Global Education (NYSE:ATGE) last issued its earnings results on Thursday, May 2nd. The company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.34. Adtalem Global Education had a net margin of 7.12% and a return on equity of 14.06%. The business had revenue of $412.70 million for the quarter, compared to the consensus estimate of $391.68 million. During the same period in the previous year, the company earned $1.13 earnings per share. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. Analysts anticipate that Adtalem Global Education will post 4.9 earnings per share for the current year.

Adtalem Global Education Company Profile

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.