Adtalem Global Education (NYSE:ATGE) Releases FY24 Earnings Guidance

Adtalem Global Education (NYSE:ATGE) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $4.80-$5.00 for the period, compared to the consensus estimate of $4.65. The company issued revenue guidance of $1.560-$1.580 billion, compared to the consensus revenue estimate of $1.54 billion.

Adtalem Global Education Trading Up 3.7 %

ATGE traded up $1.87 during trading on Thursday, hitting $52.39. The company’s stock had a trading volume of 667,533 shares, compared to its average volume of 513,103. The firm’s 50 day moving average price is $48.92 and its 200-day moving average price is $52.80. 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 stock has a market cap of $2.05 billion, a PE ratio of 18.52, a PEG ratio of 0.71 and a beta of 0.92. Adtalem Global Education has a twelve month low of $33.59 and a twelve month high of $62.99.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings results on Wednesday, January 31st. The company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.23. The company 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% on a year-over-year basis. During the same period in the previous year, the firm posted $1.17 EPS. On average, analysts expect that Adtalem Global Education will post 4.63 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on ATGE. StockNews.com downgraded Adtalem Global Education from a strong-buy rating to a buy rating in a report on Wednesday, February 7th. Barrington Research restated an outperform rating and set a $65.00 price objective on shares of Adtalem Global Education in a report on Tuesday, April 23rd. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of Buy and a consensus price target of $56.67.

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.