Laureate Education (LAUR) Hits New 12-Month High After Earnings Beat

Laureate Education Inc (NASDAQ:LAUR) shares hit a new 52-week high during trading on Thursday following a better than expected earnings announcement. The company traded as high as $17.15 and last traded at $16.30, with a volume of 49017 shares trading hands. The stock had previously closed at $15.95.

The company reported ($0.18) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.22) by $0.04. Laureate Education had a net margin of 11.22% and a return on equity of 13.74%. The business had revenue of $787.10 million for the quarter, compared to analysts’ expectations of $929.30 million. During the same period last year, the company earned ($1.02) earnings per share. The company’s quarterly revenue was down 3.8% on a year-over-year basis.

Several research firms recently issued reports on LAUR. Zacks Investment Research cut shares of Laureate Education from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 23rd. ValuEngine raised shares of Laureate Education from a “sell” rating to a “hold” rating in a research report on Friday, October 12th. Citigroup raised their target price on shares of Laureate Education from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, August 15th. Barrington Research reissued a “buy” rating and issued a $20.00 target price on shares of Laureate Education in a research report on Friday, August 10th. Finally, Barclays reissued a “hold” rating and issued a $17.00 target price on shares of Laureate Education in a research report on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. Laureate Education has an average rating of “Buy” and an average target price of $18.39.

In related news, CEO Paula R. Singer sold 7,703 shares of the firm’s stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $14.89, for a total value of $114,697.67. Following the transaction, the chief executive officer now owns 60,661 shares in the company, valued at $903,242.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Paula R. Singer sold 23,109 shares of the firm’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $16.00, for a total transaction of $369,744.00. Following the completion of the transaction, the chief executive officer now owns 76,067 shares in the company, valued at approximately $1,217,072. The disclosure for this sale can be found here. Insiders sold 38,515 shares of company stock worth $602,375 in the last 90 days. 13.10% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Apollo Management Holdings L.P. purchased a new position in Laureate Education in the second quarter valued at approximately $94,610,000. BlackRock Inc. raised its holdings in Laureate Education by 24.3% in the third quarter. BlackRock Inc. now owns 4,900,592 shares of the company’s stock valued at $75,665,000 after buying an additional 956,777 shares during the period. FMR LLC raised its holdings in Laureate Education by 5.5% in the third quarter. FMR LLC now owns 4,666,491 shares of the company’s stock valued at $72,050,000 after buying an additional 241,500 shares during the period. Millennium Management LLC raised its holdings in Laureate Education by 237.8% in the second quarter. Millennium Management LLC now owns 1,341,444 shares of the company’s stock valued at $19,223,000 after buying an additional 944,299 shares during the period. Finally, Macquarie Group Ltd. purchased a new position in Laureate Education in the second quarter valued at approximately $15,059,000. Hedge funds and other institutional investors own 35.24% of the company’s stock.

The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.32. The firm has a market cap of $3.57 billion, a P/E ratio of -13.25, a P/E/G ratio of 1.95 and a beta of 0.93.

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About Laureate Education (NASDAQ:LAUR)

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.

See Also: Outstanding Shares

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