Brokerages expect that Laureate Education Inc (NASDAQ:LAUR) will report ($0.27) earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Laureate Education’s earnings. The highest EPS estimate is ($0.10) and the lowest is ($0.42). Laureate Education reported earnings per share of ($0.91) during the same quarter last year, which indicates a positive year over year growth rate of 70.3%. The business is scheduled to report its next earnings report on Wednesday, November 14th.
On average, analysts expect that Laureate Education will report full year earnings of $1.50 per share for the current year, with EPS estimates ranging from $1.49 to $1.50. For the next fiscal year, analysts anticipate that the business will report earnings of $0.95 per share, with EPS estimates ranging from $0.88 to $1.14. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Laureate Education.
Laureate Education (NASDAQ:LAUR) last issued its quarterly earnings results on Thursday, August 9th. The company reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.30. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.25 billion. Laureate Education had a return on equity of 14.72% and a net margin of 11.22%. Laureate Education’s revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 EPS.
LAUR has been the subject of a number of research analyst reports. Citigroup dropped their price objective on Laureate Education to $20.00 and set a “buy” rating for the company in a report on Tuesday, May 8th. Barclays restated a “hold” rating and set a $17.00 price objective on shares of Laureate Education in a report on Friday. Zacks Investment Research downgraded Laureate Education from a “hold” rating to a “strong sell” rating in a report on Friday, May 11th. JPMorgan Chase & Co. upped their price objective on Laureate Education from $18.00 to $18.50 and gave the stock an “overweight” rating in a report on Wednesday, May 23rd. Finally, Barrington Research upped their price objective on Laureate Education from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Monday, May 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $18.32.
In related news, major shareholder Apollo Management Holdings Gp, sold 500,000 shares of the stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $14.66, for a total value of $7,330,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 13.10% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of the business. Barclays PLC boosted its position in Laureate Education by 49.2% in the 1st quarter. Barclays PLC now owns 13,090 shares of the company’s stock valued at $180,000 after buying an additional 4,315 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Laureate Education by 4.0% during the first quarter. Wells Fargo & Company MN now owns 165,320 shares of the company’s stock valued at $2,273,000 after acquiring an additional 6,382 shares during the period. Northern Trust Corp increased its stake in shares of Laureate Education by 1.3% during the first quarter. Northern Trust Corp now owns 539,953 shares of the company’s stock valued at $7,425,000 after acquiring an additional 6,667 shares during the period. SG Americas Securities LLC acquired a new position in shares of Laureate Education during the first quarter valued at approximately $106,000. Finally, Swiss National Bank increased its stake in shares of Laureate Education by 10.0% during the second quarter. Swiss National Bank now owns 94,300 shares of the company’s stock valued at $1,351,000 after acquiring an additional 8,600 shares during the period. 30.03% of the stock is owned by institutional investors.
Laureate Education traded down $0.38, hitting $16.00, during trading on Tuesday, according to Marketbeat. The company’s stock had a trading volume of 1,469,403 shares, compared to its average volume of 490,849. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.64. Laureate Education has a twelve month low of $10.46 and a twelve month high of $16.99.
About Laureate Education
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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