Piper Jaffray Companies Weighs in on Laureate Education Inc’s Q4 2018 Earnings (LAUR)
Laureate Education Inc (NASDAQ:LAUR) – Piper Jaffray Companies increased their Q4 2018 EPS estimates for shares of Laureate Education in a report issued on Monday, December 3rd. Piper Jaffray Companies analyst P. Appert now anticipates that the company will earn $0.41 per share for the quarter, up from their previous forecast of $0.27. Piper Jaffray Companies also issued estimates for Laureate Education’s Q1 2019 earnings at ($0.38) EPS, Q2 2019 earnings at $0.54 EPS, Q3 2019 earnings at ($0.08) EPS, Q4 2019 earnings at $0.50 EPS, FY2019 earnings at $0.59 EPS and FY2020 earnings at $0.82 EPS.
Several other equities research analysts have also commented on the stock. ValuEngine lowered shares of Laureate Education from a “hold” rating to a “sell” rating in a research report on Thursday, September 6th. Barrington Research restated a “buy” rating and set a $20.00 target price on shares of Laureate Education in a research report on Friday, August 10th. Citigroup boosted their price objective on shares of Laureate Education from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, August 15th. Barclays reiterated a “hold” rating and issued a $17.00 price objective on shares of Laureate Education in a research report on Friday, August 10th. Finally, Zacks Investment Research lowered shares of Laureate Education from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $18.44.
Laureate Education (NASDAQ:LAUR) last issued its earnings results on Thursday, November 8th. The company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.04. The company had revenue of $787.10 million for the quarter, compared to analyst estimates of $929.30 million. Laureate Education had a net margin of 11.83% and a return on equity of 14.99%. The business’s revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.02) EPS.
Institutional investors have recently added to or reduced their stakes in the stock. Blair William & Co. IL purchased a new stake in shares of Laureate Education in the 3rd quarter worth about $156,000. Amalgamated Bank purchased a new stake in shares of Laureate Education in the 3rd quarter worth about $174,000. Point72 Asset Management L.P. purchased a new stake in shares of Laureate Education in the 3rd quarter worth about $198,000. Legal & General Group Plc boosted its position in shares of Laureate Education by 63.8% in the 3rd quarter. Legal & General Group Plc now owns 13,423 shares of the company’s stock worth $207,000 after buying an additional 5,230 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new stake in shares of Laureate Education in the 3rd quarter worth about $243,000. Institutional investors and hedge funds own 35.68% of the company’s stock.
In related news, CEO Paula R. Singer sold 7,703 shares of the business’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $15.31, for a total value of $117,932.93. Following the sale, the chief executive officer now directly owns 68,364 shares in the company, valued at approximately $1,046,652.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Alberta Lp Wengen sold 14,087,500 shares of the business’s stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $13.44, for a total transaction of $189,336,000.00. The disclosure for this sale can be found here. Insiders sold a total of 14,110,609 shares of company stock worth $189,677,551 over the last quarter. Insiders own 4.59% of the company’s stock.
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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