Wall Street brokerages forecast that Laureate Education Inc (NASDAQ:LAUR) will report $1.24 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Laureate Education’s earnings. The highest sales estimate is $1.26 billion and the lowest is $1.23 billion. Laureate Education reported sales of $1.18 billion in the same quarter last year, which would suggest a positive year over year growth rate of 5.1%. The firm is scheduled to issue its next earnings report on Tuesday, March 27th.
On average, analysts expect that Laureate Education will report full year sales of $1.24 billion for the current fiscal year, with estimates ranging from $4.34 billion to $4.37 billion. For the next financial year, analysts anticipate that the firm will post sales of $3.92 billion per share, with estimates ranging from $3.90 billion to $3.95 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Laureate Education.
Several analysts recently weighed in on the stock. BMO Capital Markets reiterated a “buy” rating and issued a $18.00 price target on shares of Laureate Education in a report on Wednesday, January 17th. Robert W. Baird reiterated a “buy” rating and issued a $18.00 price target on shares of Laureate Education in a report on Wednesday, January 17th. Zacks Investment Research upgraded shares of Laureate Education from a “sell” rating to a “hold” rating in a report on Wednesday, January 17th. Piper Jaffray Companies reiterated a “buy” rating and issued a $19.00 price target on shares of Laureate Education in a report on Thursday, February 1st. Finally, ValuEngine cut shares of Laureate Education from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Two investment 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. Laureate Education currently has an average rating of “Buy” and an average target price of $17.28.
Hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of Laureate Education during the 3rd quarter valued at $138,000. Pitcairn Co. bought a new stake in shares of Laureate Education during the 4th quarter valued at $143,000. Teacher Retirement System of Texas bought a new stake in shares of Laureate Education during the 4th quarter valued at $149,000. UBS Asset Management Americas Inc. bought a new stake in shares of Laureate Education during the 2nd quarter valued at $252,000. Finally, Voya Investment Management LLC bought a new stake in shares of Laureate Education during the 2nd quarter valued at $278,000. Hedge funds and other institutional investors own 29.46% of the company’s stock.
Laureate Education (NASDAQ LAUR) traded up $0.11 during trading hours on Friday, reaching $13.23. 249,300 shares of the company traded hands, compared to its average volume of 479,817. The company has a market capitalization of $2,457.69 and a PE ratio of -8.88. Laureate Education has a twelve month low of $10.46 and a twelve month high of $18.96. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.94.
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About Laureate Education
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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