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Here's Why Adtalem Global Education (ATGE) is a Strong Momentum Stock
ZACKS· 2024-10-02 14:51
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Styl ...
Adtalem Teams Up With Hippocratic AI to Offer New Curriculum
ZACKS· 2024-09-11 14:51
Core Insights - Adtalem Global Education Inc. (ATGE) has partnered with Hippocratic AI, Inc. to create a comprehensive educational curriculum aimed at training clinicians in the use of Artificial Intelligence (AI) in healthcare [1][2] - The collaboration seeks to integrate practical nursing experience with advanced AI capabilities, equipping healthcare professionals with essential skills for ethical AI use in patient care [2][3] - The curriculum will evolve over time to address emerging AI technology needs and will be integrated into existing programs at Chamberlain University and Walden University by spring 2025, with certification available for eligible students [3] Strategic Collaborations - Adtalem has been focusing on partnerships with various organizations to design educational programs that teach new skills, enhancing its industry position and growth prospects [4] - In fiscal 2024, ATGE engaged in multiple strategic collaborations, including a partnership with the Emergency Nurses Association to enhance emergency nursing education [4] - The company has also made advancements in partnerships with local health systems in major markets such as Los Angeles, Chicago, Miami, and Detroit [4] Financial Performance - ATGE's shares have increased by 18.1% year-to-date, contrasting with a 5.5% decline in the Zacks Schools industry [6] - The company plans to introduce more short-term programs to align with student preferences and employer needs [6] Market Position - Adtalem currently holds a Zacks Rank of 3 (Hold) [7] - Comparatively, other stocks in the Consumer Discretionary sector, such as Royal Caribbean Cruises Ltd. and DoubleDown Interactive Co., Ltd., have shown stronger performance with Zacks Ranks of 1 (Strong Buy) and significant year-over-year growth projections [7]
Why Is Adtalem (ATGE) Up 7.9% Since Last Earnings Report?
ZACKS· 2024-09-05 16:37
A month has gone by since the last earnings report for Adtalem Global Education (ATGE) . Shares have added about 7.9% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Adtalem due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Adtalem Q4 Earnings & Revenues Top Estimat ...
Adtalem Stock Rallies 16% in 3 Months: More Room to Run?
ZACKS· 2024-09-03 17:11
Adtalem Global Education Inc. (ATGE) has experienced a notable surge in its stock price over the past three months. The stock has risen 16.1%, outperforming the Zacks School industry’s decline of 4.2%. In the last six months, shares of this leading healthcare education provider have surged 54.9%, outperforming the industry’s 10.6% decline.The company has been reaping benefits from its consistent focus on the "Growth with Purpose" strategy, strategic collaborations, and investments in marketing, technology, ...
Why Adtalem Global Education (ATGE) is a Top Value Stock for the Long-Term
ZACKS· 2024-08-22 14:40
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?The Zack ...
Adtalem (ATGE) Q4 Earnings & Revenues Top Estimates, Up Y/Y
ZACKS· 2024-08-07 16:50
Adtalem Global Education Inc. (ATGE) posted better-than-expected results in fourth-quarter fiscal 2024. Earnings and revenues surpassed their respective Zacks Consensus Estimate and increased year over year, given strong enrollment growth and strategic initiatives.Shares of this leading education provider fell 2.4% in the after-hours trading session on Aug 6.The company registered strong quarterly performance, driven by its Growth with Purpose strategy. This success underscores its commitment to excellence ...
Adtalem Education (ATGE) - 2024 Q4 - Earnings Call Presentation
2024-08-07 03:19
| --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|--------------------------------------------|-------------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | Fourth Quarter & Full Year 2024 Earnings | | | | | | | | A u g u s t 6 , 2 0 2 4 | ©2024 Adtalem Global Education Inc. All rights reserved Safe Harbor CAUTIONARY DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS Certain statements contained in this presentation are forward-looking statements as defined in the Private ...
Adtalem Education (ATGE) - 2024 Q4 - Earnings Call Transcript
2024-08-07 03:19
Financial Data and Key Metrics Changes - Revenue for the fiscal year 2024 was $1.58 billion, representing a 9.2% year-over-year increase [8][16] - Adjusted EBITDA margin was approximately 24%, with adjusted earnings per share of $5.01, a 19% increase year-over-year [8][18] - Free cash flow generated was $239 million, with $261 million returned to shareholders [8][23] Business Line Data and Key Metrics Changes - Chamberlain University reported a 15.6% increase in revenue for the fourth quarter, driven by a 10.4% increase in total enrollment [19] - Walden University experienced a 13.3% revenue increase in the fourth quarter, with total student enrollment up 11.3% [20] - The Medical and Veterinary segment saw a 5.4% revenue increase in the fourth quarter, although total student enrollment decreased by 2.9% [22] Market Data and Key Metrics Changes - Total enrollment returned to growth, ending the year with a 10% year-over-year increase for the fourth quarter [7] - Enrollment growth was consistent across all three segments, with Chamberlain and Walden leading the way [16][19][20] Company Strategy and Development Direction - The company is focused on its "Growth with Purpose" strategy, which aims to enhance operational efficiency and expand market reach [6][24] - Plans to enter new markets, such as Kansas City, and expand existing programs to meet workforce needs [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the normalized demand environment for students and the ability to capture market share [33] - Fiscal year 2025 is projected to be another record year, with expected revenue between $1.66 billion and $1.7 billion [13][24] Other Important Information - The company is investing in student-facing technologies and marketing to support future growth [25] - The balance sheet remains strong, with $219 million in cash and a low adjusted EBITDA net leverage of 1.2x [23] Q&A Session Summary Question: How much was admissions growth driven by marketing spend? - Management indicated that total enrollment gains were driven by a combination of new enrollment and persistence, with marketing playing a lesser role moving forward [28][29] Question: Comments on the pricing environment? - Management stated that price optimization is a core discipline, adjusting prices based on competitive positioning [30][31] Question: Characterization of the current demand environment? - Management noted that the demand environment for students has normalized and they have been able to take market share [33] Question: Insights on guidance range? - Management mentioned that stronger enrollments in September would positively influence future guidance [34][35]
Adtalem Global Education (ATGE) Q4 Earnings and Revenues Beat Estimates
ZACKS· 2024-08-06 23:50
Company Performance - Adtalem Global Education (ATGE) reported quarterly earnings of $1.37 per share, exceeding the Zacks Consensus Estimate of $1.24 per share, and up from $1.03 per share a year ago, representing an earnings surprise of 10.48% [1] - The company posted revenues of $409.91 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 3.28%, compared to year-ago revenues of $364.64 million [1] - Over the last four quarters, Adtalem has consistently surpassed consensus EPS and revenue estimates [1] Stock Performance - Adtalem shares have increased approximately 24.9% since the beginning of the year, outperforming the S&P 500's gain of 8.7% [2] - The current consensus EPS estimate for the upcoming quarter is $1.06 on revenues of $394.63 million, and for the current fiscal year, it is $5.72 on revenues of $1.65 billion [4] Industry Outlook - The Schools industry, to which Adtalem belongs, is currently ranked in the top 37% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [5] - The performance of Adtalem's stock may be influenced by the overall industry outlook, as the top 50% of Zacks-ranked industries tend to outperform the bottom 50% by more than 2 to 1 [5]
Adtalem Education (ATGE) - 2024 Q4 - Annual Report
2024-08-06 20:20
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____to _____ Commission File Number: 001-13988 Adtalem Global Education Inc. (Exact name of registrant as specified in its charter) Delaware 36-3150 ...