$1.25 Billion in Sales Expected for Laureate Education Inc. (LAUR) This Quarter
Brokerages expect that Laureate Education Inc. (NASDAQ:LAUR) will post $1.25 billion in sales for the current quarter, according to Zacks. Five analysts have provided estimates for Laureate Education’s earnings, with the lowest sales estimate coming in at $1.24 billion and the highest estimate coming in at $1.25 billion. The firm is expected to issue its next earnings results on Thursday, August 10th.
On average, analysts expect that Laureate Education will report full-year sales of $1.25 billion for the current year, with estimates ranging from $4.30 billion to $4.34 billion. For the next fiscal year, analysts anticipate that the company will post sales of $4.53 billion per share, with estimates ranging from $4.47 billion to $4.58 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Laureate Education.
Laureate Education (NASDAQ:LAUR) last announced its quarterly earnings data on Thursday, May 11th. The company reported ($1.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.95) by $0.10. The business had revenue of $855.90 million during the quarter, compared to analysts’ expectations of $832 million. The business’s revenue was down 5.6% on a year-over-year basis.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research downgraded Laureate Education from a “buy” rating to a “hold” rating in a research report on Wednesday, May 10th. William Blair assumed coverage on Laureate Education in a research report on Monday, March 20th. They set a “market perform” rating on the stock. J P Morgan Chase & Co assumed coverage on Laureate Education in a research report on Wednesday, March 8th. They set an “overweight” rating and a $15.50 target price on the stock. Goldman Sachs Group, Inc. (The) assumed coverage on Laureate Education in a research report on Monday, March 6th. They set a “neutral” rating and a $15.10 target price on the stock. Finally, Citigroup Inc. assumed coverage on Laureate Education in a research report on Friday, March 3rd. They set a “buy” rating and a $16.70 target price on the stock. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Laureate Education currently has a consensus rating of “Buy” and an average target price of $16.95.
Hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC bought a new position in Laureate Education during the first quarter valued at $49,947,000. Vanguard Group Inc. bought a new position in Laureate Education during the first quarter valued at $35,401,000. TimesSquare Capital Management LLC bought a new position in Laureate Education during the first quarter valued at $30,823,000. Hood River Capital Management LLC bought a new position in Laureate Education during the first quarter valued at $17,687,000. Finally, Jennison Associates LLC bought a new position in Laureate Education during the first quarter valued at $16,885,000. Hedge funds and other institutional investors own 96.32% of the company’s stock.
Shares of Laureate Education (LAUR) traded up 2.42% during mid-day trading on Thursday, reaching $18.17. The company’s stock had a trading volume of 929,462 shares. Laureate Education has a 12 month low of $12.12 and a 12 month high of $18.66. The stock has a market capitalization of $3.06 billion and a P/E ratio of 8.16. The company has a 50 day moving average price of $15.85 and a 200 day moving average price of $14.43.
About Laureate Education
Laureate Education, Inc operates a network of degree-granting higher education institution. The Company operates in four segments: Latin America (LatAm); Europe; Asia, Middle East and Africa (AMEA), and Global Products and Services (GPS). The Company’s network includes approximately 70 institutions in over 25 countries on over 200 campuses, which the Company collectively refer to as the Laureate International Universities network.
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