Laureate Education (NASDAQ:LAUR) announced its quarterly earnings results on Thursday. The company reported ($0.18) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.04, Morningstar.com reports. The company had revenue of $787.10 million for the quarter, compared to analysts’ expectations of $929.30 million. Laureate Education had a net margin of 11.22% and a return on equity of 13.74%. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period last year, the firm posted ($1.02) earnings per share. Laureate Education updated its FY 2018 guidance to EPS.

LAUR traded up $0.05 during trading on Friday, hitting $15.90. The company had a trading volume of 546,468 shares, compared to its average volume of 623,605. The stock has a market capitalization of $3.57 billion, a P/E ratio of -13.25, a P/E/G ratio of 1.95 and a beta of 0.93. Laureate Education has a one year low of $10.46 and a one year high of $17.15. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.32.

In related news, CEO Paula R. Singer sold 23,109 shares of the business’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $16.00, for a total value of $369,744.00. Following the sale, the chief executive officer now directly owns 76,067 shares of the company’s stock, valued at approximately $1,217,072. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Paula R. Singer sold 7,703 shares of the business’s stock in a transaction on Monday, October 15th. The shares were sold at an average price of $14.89, for a total transaction of $114,697.67. Following the completion of the sale, the chief executive officer now directly owns 60,661 shares in the company, valued at $903,242.29. The disclosure for this sale can be found here. Insiders sold a total of 38,515 shares of company stock worth $602,375 over the last ninety days. 13.10% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James & Associates lifted its position in Laureate Education by 5.2% in the 2nd quarter. Raymond James & Associates now owns 95,215 shares of the company’s stock valued at $1,364,000 after acquiring an additional 4,738 shares in the last quarter. Chicago Equity Partners LLC increased its stake in Laureate Education by 2.2% in the 3rd quarter. Chicago Equity Partners LLC now owns 289,965 shares of the company’s stock valued at $4,477,000 after buying an additional 6,210 shares during the last quarter. Wells Fargo & Company MN increased its stake in Laureate Education by 4.0% in the 1st quarter. Wells Fargo & Company MN now owns 165,320 shares of the company’s stock valued at $2,273,000 after buying an additional 6,382 shares during the last quarter. Swiss National Bank increased its stake in Laureate Education by 10.0% in the 2nd quarter. Swiss National Bank now owns 94,300 shares of the company’s stock valued at $1,351,000 after buying an additional 8,600 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in Laureate Education by 12.5% in the 1st quarter. California Public Employees Retirement System now owns 97,005 shares of the company’s stock valued at $1,334,000 after buying an additional 10,805 shares during the last quarter. 35.24% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Laureate Education from a “buy” rating to a “hold” rating in a research report on Wednesday, October 17th. ValuEngine raised shares of Laureate Education from a “sell” rating to a “hold” rating in a research report on Friday, October 12th. Barclays reaffirmed a “hold” rating and issued a $17.00 price objective on shares of Laureate Education in a research report on Friday, August 10th. Barrington Research reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Laureate Education in a research report on Friday, August 10th. Finally, Citigroup boosted their price objective on shares of Laureate Education from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, August 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $18.39.

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Laureate Education Company Profile

Laureate Education, Inc, together with its subsidiaries, provides higher education programs and services to students through universities and higher education institutions. It operates through six segments: Brazil, Mexico, Andean & Iberian, Central America & U.S. Campuses, EMEAA, and Online & Partnerships.

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Earnings History for Laureate Education (NASDAQ:LAUR)

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