Adtalem Global Education (NYSE:ATGE) Releases Quarterly Earnings Results, Beats Expectations By $0.34 EPS

Adtalem Global Education (NYSE:ATGE) issued its earnings results on Thursday. The company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.34, Briefing.com reports. Adtalem Global Education had a net margin of 7.12% and a return on equity of 14.06%. The business had revenue of $412.70 million for the quarter, compared to analyst estimates of $391.68 million. During the same quarter in the prior year, the business posted $1.13 EPS. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. Adtalem Global Education updated its FY24 guidance to $4.80-$5.00 EPS.

Adtalem Global Education Price Performance

NYSE ATGE opened at $60.08 on Monday. The company has a 50-day moving average price of $49.31 and a two-hundred day moving average price of $53.01. Adtalem Global Education has a 52 week low of $33.59 and a 52 week high of $62.99. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 22.59, a price-to-earnings-growth ratio of 0.82 and a beta of 0.92. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.49.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Barrington Research boosted their price objective on shares of Adtalem Global Education from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday. Robert W. Baird upped their target price on Adtalem Global Education from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Friday. Finally, StockNews.com downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 7th.

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.