Q4 2017 EPS Estimates for Laureate Education Inc. (LAUR) Cut by Analyst
Laureate Education Inc. (NASDAQ:LAUR) – Investment analysts at William Blair lowered their Q4 2017 earnings per share (EPS) estimates for Laureate Education in a note issued to investors on Thursday. William Blair analyst B. Dobell now expects that the company will post earnings per share of $0.62 for the quarter, down from their prior estimate of $0.72.
LAUR has been the topic of several other reports. Piper Jaffray Companies reiterated a “buy” rating and set a $17.00 target price on shares of Laureate Education in a research report on Tuesday, August 29th. BMO Capital Markets lowered their target price on Laureate Education from $18.00 to $17.00 and set an “outperform” rating on the stock in a research report on Thursday. Credit Suisse Group lowered their target price on Laureate Education from $20.00 to $19.00 and set an “outperform” rating on the stock in a research report on Thursday. ValuEngine downgraded Laureate Education from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $18.00 target price (down from $21.00) on shares of Laureate Education in a research report on Thursday. Two research analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $16.98.
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Laureate Education (NASDAQ:LAUR) opened at $11.34 on Monday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.94. Laureate Education has a 52-week low of $11.03 and a 52-week high of $18.96.
Laureate Education (NASDAQ:LAUR) last issued its quarterly earnings data on Wednesday, November 8th. The company reported ($1.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.61) by ($0.41). The firm had revenue of $983.40 million during the quarter, compared to the consensus estimate of $972.59 million. Laureate Education had a negative return on equity of 2.66% and a negative net margin of 1.47%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year.
Several hedge funds have recently modified their holdings of LAUR. Vanguard Group Inc. bought a new stake in shares of Laureate Education in the first quarter worth about $35,401,000. Franklin Resources Inc. increased its stake in Laureate Education by 171.6% during the second quarter. Franklin Resources Inc. now owns 2,171,612 shares of the company’s stock worth $38,068,000 after acquiring an additional 1,372,023 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in Laureate Education during the second quarter worth approximately $21,040,000. William Blair Investment Management LLC increased its stake in Laureate Education by 137.8% during the second quarter. William Blair Investment Management LLC now owns 1,267,289 shares of the company’s stock worth $22,216,000 after acquiring an additional 734,271 shares during the last quarter. Finally, Lord Abbett & CO. LLC bought a new stake in Laureate Education during the second quarter worth approximately $8,743,000. 20.77% of the stock is currently owned by hedge funds and other institutional investors.
In other news, COO Ricardo M. Berckemeyer sold 47,983 shares of Laureate Education stock in a transaction dated 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 legal filing with the SEC, which is available through the SEC website. 13.10% of the stock is owned by insiders.
Laureate Education Company Profile
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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