Adtalem Global Education (NYSE:ATGE) Updates FY 2024 Earnings Guidance

Adtalem Global Education (NYSE:ATGE) updated its FY 2024 earnings guidance on Friday. The company provided EPS guidance of 4.800-5.000 for the period, compared to the consensus EPS estimate of 4.650. The company issued revenue guidance of $1.6 billion-$1.6 billion, compared to the consensus revenue estimate of $1.5 billion.

Adtalem Global Education Stock Up 14.7 %

Adtalem Global Education stock opened at $60.08 on Monday. The company has a market capitalization of $2.26 billion, a P/E ratio of 22.59, a PEG ratio of 0.82 and a beta of 0.92. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.76 and a current ratio of 0.76. Adtalem Global Education has a fifty-two week low of $33.59 and a fifty-two week high of $62.99. The stock has a 50-day simple moving average of $49.31 and a 200-day simple moving average of $53.01.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings results on Thursday, May 2nd. The company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.16 by $0.34. The company had revenue of $412.70 million for the quarter, compared to analyst estimates of $391.68 million. Adtalem Global Education had a return on equity of 14.06% and a net margin of 7.12%. The firm’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.13 earnings per share. Equities research analysts expect that Adtalem Global Education will post 4.9 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ATGE. StockNews.com downgraded shares of Adtalem Global Education from a strong-buy rating to a buy rating in a research report on Wednesday, February 7th. Robert W. Baird raised their price target on Adtalem Global Education from $65.00 to $70.00 and gave the stock an outperform rating in a report on Friday. Finally, Barrington Research boosted their price target on Adtalem Global Education from $65.00 to $70.00 and gave the company an outperform rating in a research report on Friday.

Adtalem Global Education Company Profile

Adtalem Global Education Inc provides workforce solutions worldwide. It operates through three segments, Chamberlain, Walden, and Medical and Veterinary. The Chamberlain segment offers degree and non-degree programs in the nursing and health professions postsecondary education industry. This segment operates Chamberlain University.