Anzeige
Mehr »
Login
Donnerstag, 28.03.2024 Börsentäglich über 12.000 News von 687 internationalen Medien
Spezial am Donnerstag: Rallye II. - Neuer Anstoß, News und was die Börsencommunity jetzt nicht verpassen will…
Anzeige

Indizes

Kurs

%
News
24 h / 7 T
Aufrufe
7 Tage

Aktien

Kurs

%
News
24 h / 7 T
Aufrufe
7 Tage

Xetra-Orderbuch

Fonds

Kurs

%

Devisen

Kurs

%

Rohstoffe

Kurs

%

Themen

Kurs

%

Erweiterte Suche
ACCESSWIRE
179 Leser
Artikel bewerten:
(0)

Active-Investors: Free Post Earnings Research Report: Adtalem's Adjusted Earnings Advanced 19%

Stock Monitor: Bridgepoint Education Post Earnings Reporting

LONDON, UK / ACCESSWIRE / March 05, 2018 / Active-Investors.com has just released a free earnings report on Adtalem Global Education Inc. (NYSE: ATGE) ("Adtalem"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/'symbol=ATGE. Adtalem reported its second quarter operating and financial results on February 06, 2018. The for-profit education Company surpassed earnings estimates and provided guidance for the upcoming quarter and fiscal year. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Bridgepoint Education, Inc. (NYSE: BPI), which also belongs to the Services sector as the Company Adtalem Global Education. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/'symbol=BPI

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Adtalem Global Education most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/'symbol=ATGE

Earnings Highlights and Summary

For the three months ended December 31, 2017, Adtalem's revenue of $337.24 million increased 1.0% to $333.96 million in Q3 FY17. The Company's revenue lagged behind analysts' estimates of $434.9 million.

During Q2 FY18, Adtalem reported net loss of $81.16 million, or $1.33 per diluted share, compared to net income of $14.41 million, or $0.23 per diluted share, in Q2 FY17. The Company's reported quarter results included special items for restructuring charges of $2.6 million, related to workforce reductions and real estate consolidations at Carrington and Adtalem's home office, and tax expense of $101.2 million related to adoption of the Tax Cuts and Jobs Act of 2017.

Adtalem's net income from continuing operations excluding special items was $47.3 million, or $0.76 per diluted share, compared to $41.1 million, or $0.64 per diluted share, in Q4 2016. The Company's earnings beat Wall Street's estimates of $0.75 per share.

Adtalem Global Education's Segment Results

During Q2 FY18, the Medical and Healthcare segment's revenue edged up 0.9% to $203.30 million compared to $201.41 million in Q2 FY17, with growth at Chamberlain University partially offset by decreased revenue at the medical and veterinary schools. The segment's Chamberlain revenue grew 1.9% to $115.1 million in the reported quarter, while revenue for the medical and veterinary schools decreased 0.3% to $88.2 million on a y-o-y basis.

During Q2 FY18, Medical and Healthcare segment's operating income totaled $55.05 million, representing an increase of 5.6% compared to $52.15 million in Q2 FY17.

For Q2 FY18, the Professional Education division's revenue advanced 10.9% to $30.36 million compared to $27.37 million in Q2 FY17, driven by growth from Association of Certified Anti Money Laundering Specialists (ACAMS). In Q2 FY18, ACAMS' revenue soared 62% on a y-o-y basis with particularly strong results coming from Asia/Pacific region as well as solid gains generated through expanding partnerships in Europe.

The segment's operating income for the reported quarter was $2.2 million, up from $0.1 million in the prior year driven by revenue growth at ACAMS.

During Q2 FY18, the Technology and Business unit's revenue grew 2.4% to $75.13 million compared to $73.39 million in Q2 FY17. In the reported quarter, the segment operating income advanced 3.8% to $13.99 million compared to $13.48 million in the prior year's same quarter, as a result of revenue growth and cost efficiencies.

For Q2 FY18, the US Traditional Postsecondary segment's revenue fell 10.5% to $29.03 million compared to $32.45 million in Q2 FY17. The segment recorded operating loss of $5.8 million in the reported quarter compared to an operating loss of $6.3 million in the prior year's corresponding quarter. Excluding special items, the US Traditional Postsecondary segment reported an operating loss of $4.7 million for Q2 FY18 compared to an operating loss of $3.9 million in Q2 FY17.

Cash Matters

Adtalem's operating cash flow was $49.6 million for H1 FY18 compared to $41.5 million in H1 FY17. The Company's cash and cash equivalents were $212.2 million as of December 31, 2017, compared to $197.9 million as of December 31, 2016. Adtalem's outstanding bank borrowings were $165.0 million as of December 31, 2017, compared to $225.0 million as of December 31, 2016

During Q2 FY18, the Company repurchased approximately 1.14 million shares of common stock.

Outlook

For third quarter fiscal 2018, Adtalem is forecasting revenue to grow 3% to 4% on a y-o-y basis. Revenue growth within the Medical and Healthcare, Professional Education, and Technology and Business segments is expected to offset declining revenue within the US Traditional Postsecondary segment.

For fiscal 2018, Adtalem's revenue is expected to increase 1% to 2% on a y-o-y basis and earnings growth from continuing operations before special items is expected to be 10% to 12% compared to FY17. The Company's effective income tax rate on continuing operations for FY18 is expected to be in the range of 16% to 17%, before special items.

Stock Performance Snapshot

March 02, 2018 - At Friday's closing bell, Adtalem Global Education's stock advanced 2.51%, ending the trading session at $46.90.

Volume traded for the day: 405.11 thousand shares.

Stock performance in the last month - up 1.96%; previous three-month period - up 14.25%; past twelve-month period - up 44.53%; and year-to-date - up 11.53%

After last Friday's close, Adtalem Global Education's market cap was at $2.87 billion.

Price to Earnings (P/E) ratio was at 19.62.

The stock has a dividend yield of 0.77%.

The stock is part of the Services sector, categorized under the Education & Training Services industry. This sector was up 0.2% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors

Großer Dividenden-Report 2024 von Dr. Dennis Riedl
Der kostenlose Dividenden-Report zeigt ganz genau, wo Sie in diesem Jahr zuschlagen können. Das sind die Favoriten von Börsenprofi Dr. Dennis Riedl
Jetzt hier klicken
© 2018 ACCESSWIRE
Werbehinweise: Die Billigung des Basisprospekts durch die BaFin ist nicht als ihre Befürwortung der angebotenen Wertpapiere zu verstehen. Wir empfehlen Interessenten und potenziellen Anlegern den Basisprospekt und die Endgültigen Bedingungen zu lesen, bevor sie eine Anlageentscheidung treffen, um sich möglichst umfassend zu informieren, insbesondere über die potenziellen Risiken und Chancen des Wertpapiers. Sie sind im Begriff, ein Produkt zu erwerben, das nicht einfach ist und schwer zu verstehen sein kann.