Laureate Education Inc. (LAUR) to Release Quarterly Earnings on Wednesday
Laureate Education Inc. (NASDAQ:LAUR) will issue its quarterly earnings data after the market closes on Wednesday, November 8th. Analysts expect the company to announce earnings of ($0.61) per share for the quarter.
Laureate Education (NASDAQ:LAUR) last issued its earnings results on Tuesday, August 8th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.25). The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.24 billion. Laureate Education’s revenue was up 3.7% compared to the same quarter last year. On average, analysts expect Laureate Education to post $-1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Laureate Education Inc. (LAUR) opened at $13.75 on Tuesday. Laureate Education Inc. has a fifty-two week low of $12.12 and a fifty-two week high of $18.96. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 2.33.
LAUR has been the subject of several analyst reports. Piper Jaffray Companies restated a “buy” rating and set a $19.00 target price on shares of Laureate Education in a report on Friday, July 21st. Zacks Investment Research lowered Laureate Education from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $17.28.
In other news, COO Ricardo M. Berckemeyer sold 47,983 shares of the stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $14.29, for a total value of $685,677.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard J. Patro sold 16,383 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $15.21, for a total value of $249,185.43. The disclosure for this sale can be found here. 13.10% of the stock is currently owned by corporate insiders.
About Laureate Education
Laureate Education, Inc provides higher education programs and services to students through an international network of licensed universities and higher education institutions (institutions). The Company’s programs are provided through institutions that are campus-based and Internet-based, or through electronically distributed educational programs (online).
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