According to Zacks Investment Research analysts, Adtalem Global Education Inc. (NYSE: ATGE) is expected to announce $279.67 Million in sales for the ongoing fiscal quarter.
NYSE: ATGE will reportedly announce its report on the quarterly earnings on Tuesday, 2nd February. Till now, two expert analysts have submitted the earnings of Adtalem Global Education Inc. The lowest estimate stands at $279.50 million sales and the highest is estimated at $279.84 Million.
Compared to last year, the earnings of this year show considerable change. Last year, NYSE: ATGE posted its quarterly sales for the corresponding quarter as $266.17 Million. This suggests that the firm had a 5.1% positive yearly growth rate.
Adtalem Global Education Inc. (NYSE: ATGE) Stock Analysis
Zacks Investment Research suggests that NYSE: ATGE’s FY2020 sales will stand at $1.12 billion. The sales will approximately range from $1.11 – $1.12 billion. For the upcoming financial year, expert analysts suggest that the firm’s estimated sales will stand at $1.18 billion with the estimates varying from $1.18 to $1.19 billion.
The quarterly earnings report for the previous quarter was released on the 5th of November. The earnings stood at $0.78 EPS as opposed to the general consensus of $0.38 proposed by Thomson Reuters’ analysts. The company’s return on equity stood at 11.15% along with the net margin of -7.49%.
ATGE stocks traded at $33.95 this Friday. The company’ current market capitalization stands at $1.77 billion. It has a negative PE ratio of 21.90 along with a beta of 1.31 at the moment. The 12-monthly high to low ranges from $38.47 to $19.76. The 50SMA stands at $30.74 and its 200SMA stands at $30.58.
The company has recently been the subject of a lot of reports by research analysts. Some such Zacks Investment Research, ValuEngine, TheStreet and BidAskClub posted reports on this firm over the last few months.
The average consensus rating of Adtalem Global Education Inc. currently stands at “Hold” and the consensus on the target price is $31.00. Several hedge funds have also been involved in buying and selling of NYSE: ATGE shares recently.
