Laureate Education (LAUR) Sets New 12-Month High Following Better-Than-Expected Earnings

Share on StockTwits

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

The company reported ($0.18) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.22) by $0.04. The company had revenue of $787.10 million during the quarter, compared to the consensus estimate of $929.30 million. Laureate Education had a net margin of 11.22% and a return on equity of 13.74%. Laureate Education’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($1.02) EPS.

A number of equities analysts have recently issued reports on the stock. Barclays reiterated a “hold” rating and issued a $17.00 price target on shares of Laureate Education in a report on Friday, August 10th. ValuEngine upgraded shares of Laureate Education from a “sell” rating to a “hold” rating in a report on Friday, August 17th. Barrington Research reiterated a “buy” rating and issued a $20.00 price target on shares of Laureate Education in a report on Friday, August 10th. Citigroup increased their price target on shares of Laureate Education from $19.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, August 15th. Finally, Zacks Investment Research downgraded shares of Laureate Education from a “buy” rating to a “hold” rating in a report on Wednesday, October 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $18.39.

In other Laureate Education news, CEO Paula R. Singer sold 7,703 shares of the firm’s stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $14.89, for a total transaction of $114,697.67. Following the completion of the transaction, the chief executive officer now directly owns 60,661 shares in the company, valued at approximately $903,242.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Paula R. Singer sold 23,109 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $16.00, for a total transaction of $369,744.00. Following the transaction, the chief executive officer now owns 76,067 shares of the company’s stock, valued at $1,217,072. The disclosure for this sale can be found here. Insiders sold a total of 38,515 shares of company stock valued at $602,375 in the last quarter. Insiders own 13.10% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Apollo Management Holdings L.P. purchased a new position in Laureate Education during the 2nd quarter valued at about $94,610,000. BlackRock Inc. increased its holdings in Laureate Education by 24.3% during the 3rd quarter. BlackRock Inc. now owns 4,900,592 shares of the company’s stock valued at $75,665,000 after acquiring an additional 956,777 shares in the last quarter. FMR LLC increased its holdings in Laureate Education by 5.5% during the 3rd quarter. FMR LLC now owns 4,666,491 shares of the company’s stock valued at $72,050,000 after acquiring an additional 241,500 shares in the last quarter. Millennium Management LLC increased its holdings in Laureate Education by 237.8% during the 2nd quarter. Millennium Management LLC now owns 1,341,444 shares of the company’s stock valued at $19,223,000 after acquiring an additional 944,299 shares in the last quarter. Finally, Macquarie Group Ltd. purchased a new position in Laureate Education during the 2nd quarter valued at about $15,059,000. Hedge funds and other institutional investors own 35.24% of the company’s stock.

The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of -13.25, a PEG ratio of 1.95 and a beta of 0.93.

TRADEMARK VIOLATION WARNING: This report was reported by Week Herald and is the property of of Week Herald. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be viewed at https://weekherald.com/2018/11/10/laureate-education-laur-sets-new-12-month-high-following-better-than-expected-earnings.html.

Laureate Education Company Profile (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.

Recommended Story: Why do companies engage in swaps?

Receive News & Ratings for Laureate Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Laureate Education and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply