FY2024 Earnings Forecast for Adtalem Global Education Inc. (NYSE:ATGE) Issued By Zacks Research

Adtalem Global Education Inc. (NYSE:ATGE) – Stock analysts at Zacks Research cut their FY2024 earnings per share estimates for Adtalem Global Education in a research report issued to clients and investors on Tuesday, April 16th. Zacks Research analyst S. Mukherjee now anticipates that the company will earn $4.61 per share for the year, down from their previous estimate of $4.62. The consensus estimate for Adtalem Global Education’s current full-year earnings is $4.64 per share. Zacks Research also issued estimates for Adtalem Global Education’s FY2025 earnings at $5.20 EPS, Q3 2026 earnings at $1.54 EPS and FY2026 earnings at $5.91 EPS.

A number of other research analysts also recently issued reports on ATGE. Barrington Research upped their price objective on Adtalem Global Education from $55.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, January 19th. StockNews.com downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 7th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $56.67.

Adtalem Global Education Stock Up 0.3 %

Shares of NYSE:ATGE opened at $46.14 on Thursday. The company has a market capitalization of $1.81 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 0.66 and a beta of 0.92. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. The business has a fifty day moving average price of $48.95 and a two-hundred day moving average price of $52.48. Adtalem Global Education has a 1 year low of $33.59 and a 1 year high of $62.99.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings results on Wednesday, January 31st. The company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.23. The business had revenue of $393.24 million during the quarter, compared to the consensus estimate of $372.79 million. Adtalem Global Education had a return on equity of 13.05% and a net margin of 7.93%. Adtalem Global Education’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.17 earnings per share.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in Adtalem Global Education by 118.4% during the 1st quarter. JPMorgan Chase & Co. now owns 180,864 shares of the company’s stock worth $5,374,000 after purchasing an additional 98,052 shares in the last quarter. US Bancorp DE lifted its holdings in Adtalem Global Education by 76.7% during the 1st quarter. US Bancorp DE now owns 1,786 shares of the company’s stock worth $53,000 after purchasing an additional 775 shares in the last quarter. Citigroup Inc. lifted its holdings in Adtalem Global Education by 70.1% during the 1st quarter. Citigroup Inc. now owns 109,708 shares of the company’s stock worth $3,259,000 after purchasing an additional 45,214 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in Adtalem Global Education by 56.2% during the 1st quarter. MetLife Investment Management LLC now owns 25,935 shares of the company’s stock worth $771,000 after purchasing an additional 9,329 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in Adtalem Global Education by 0.7% during the 1st quarter. Rhumbline Advisers now owns 146,712 shares of the company’s stock worth $4,359,000 after purchasing an additional 1,018 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

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.