Adtalem Global Education (NYSE:ATGE) Posts Quarterly Earnings Results, Beats Estimates By $0.17 EPS

Adtalem Global Education (NYSE:ATGE) announced its earnings results on Tuesday. The company reported $1.29 EPS for the quarter, beating 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 analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $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 Performance

NYSE:ATGE traded up $8.67 on Wednesday, hitting $83.66. The stock had a trading volume of 528,636 shares, compared to its average volume of 466,026. Adtalem Global Education has a 52-week low of $43.78 and a 52-week high of $85.26. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 31.19, a price-to-earnings-growth ratio of 0.84 and a beta of 0.95. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.47. The business’s 50-day simple moving average is $73.74 and its two-hundred day simple moving average is $68.57.

Insider Activity

In other news, CAO Manjunath Gangadharan sold 944 shares of Adtalem Global Education stock in a transaction on Wednesday, August 28th. The shares were 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CAO Manjunath Gangadharan sold 944 shares of Adtalem Global Education stock in a transaction dated 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 directly owns 4,720 shares of the company’s stock, valued at $355,888. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lisa W. Wardell sold 67,330 shares of the stock in a transaction that occurred 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 directly 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. Insiders sold 148,440 shares of company stock valued at $10,889,450 in the last quarter. 2.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ATGE shares. Barrington Research lifted their target price on shares of Adtalem Global Education from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday. StockNews.com raised Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 23rd. Finally, BMO Capital Markets raised their target price on shares of Adtalem Global Education from $84.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday.

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.