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.
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.
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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.
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