Analysts expect Laureate Education Inc (NASDAQ:LAUR) to announce earnings of $0.06 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Laureate Education’s earnings, with estimates ranging from $0.01 to $0.08. Laureate Education reported earnings per share of ($0.18) in the same quarter last year, which suggests a positive year-over-year growth rate of 133.3%. The firm is scheduled to report its next quarterly earnings results on Thursday, November 14th.
On average, analysts expect that Laureate Education will report full year earnings of $4.02 per share for the current fiscal year, with EPS estimates ranging from $1.88 to $5.14. For the next financial year, analysts expect that the firm will report earnings of $1.09 per share, with EPS estimates ranging from $0.87 to $1.29. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Laureate Education.
Laureate Education (NASDAQ:LAUR) last posted its earnings results on Thursday, August 8th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.11). The company had revenue of $1 billion for the quarter, compared to analyst estimates of $998.46 million. Laureate Education had a negative return on equity of 0.85% and a net margin of 28.57%. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.00 EPS.
Several brokerages have weighed in on LAUR. Zacks Investment Research cut shares of Laureate Education from a “buy” rating to a “hold” rating in a research note on Saturday, August 10th. TheStreet upgraded shares of Laureate Education from a “c” rating to a “b-” rating in a research note on Friday, April 26th. Barrington Research reiterated an “outperform” rating and issued a $22.00 price objective (up previously from $20.00) on shares of Laureate Education in a research note on Friday, August 9th. Finally, BMO Capital Markets lifted their price objective on shares of Laureate Education from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Laureate Education currently has an average rating of “Buy” and a consensus price target of $19.75.
In other Laureate Education news, CEO Paula R. Singer sold 3,348 shares of Laureate Education stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $16.12, for a total value of $53,969.76. Following the completion of the sale, the chief executive officer now owns 36,622 shares in the company, valued at approximately $590,346.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Saric Ruldolf Christophe Hoehn sold 701,819 shares of Laureate Education stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $15.30, for a total transaction of $10,737,830.70. The disclosure for this sale can be found here. Insiders sold a total of 11,666,863 shares of company stock valued at $178,511,173 in the last quarter. Corporate insiders own 2.97% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the business. FMR LLC increased its holdings in Laureate Education by 19.4% in the 1st quarter. FMR LLC now owns 13,450,964 shares of the company’s stock valued at $201,362,000 after buying an additional 2,184,985 shares during the period. Vanguard Group Inc. increased its holdings in Laureate Education by 23.9% in the 2nd quarter. Vanguard Group Inc. now owns 9,435,084 shares of the company’s stock valued at $148,225,000 after buying an additional 1,817,734 shares during the period. William Blair Investment Management LLC increased its holdings in Laureate Education by 14.5% in the 1st quarter. William Blair Investment Management LLC now owns 1,891,238 shares of the company’s stock valued at $28,312,000 after buying an additional 240,191 shares during the period. Nuveen Asset Management LLC bought a new position in Laureate Education in the 2nd quarter valued at about $23,585,000. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in Laureate Education by 14.9% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,444,930 shares of the company’s stock valued at $22,701,000 after buying an additional 187,200 shares during the period. 44.33% of the stock is currently owned by hedge funds and other institutional investors.
Laureate Education stock traded up $0.36 during midday trading on Friday, hitting $17.02. The company’s stock had a trading volume of 914,200 shares, compared to its average volume of 1,001,759. Laureate Education has a 1-year low of $13.58 and a 1-year high of $17.97. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.93 and a quick ratio of 0.87. The company has a 50-day moving average price of $16.28 and a two-hundred day moving average price of $15.76. The company has a market cap of $3.72 billion, a price-to-earnings ratio of -567.33, a PEG ratio of 2.12 and a beta of 0.27.
About Laureate Education
Laureate Education, Inc, together with its subsidiaries, provides higher education programs and services to students through a network of universities and higher education institutions. It operates through five segments: Brazil, Mexico, Andean, Rest of World, and Online & Partnerships. The company offers a range of undergraduate and graduate degree programs primarily in the areas of business and management, medicine and health sciences, and engineering and information technology through campus-based, online, and hybrid programs.
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