Brokerages Anticipate Laureate Education Inc (LAUR) Will Announce Quarterly Sales of $1.24 Billion

Brokerages expect Laureate Education Inc (NASDAQ:LAUR) to post sales of $1.24 billion for the current quarter, according to Zacks. Four analysts have issued estimates for Laureate Education’s earnings. The lowest sales estimate is $1.23 billion and the highest is $1.26 billion. Laureate Education posted sales of $1.18 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.1%. The company is scheduled to issue its next earnings report on Tuesday, March 27th.

According to Zacks, analysts expect that Laureate Education will report full-year sales of $1.24 billion for the current financial year, with estimates ranging from $4.34 billion to $4.37 billion. For the next fiscal year, analysts expect that the firm will post sales of $3.92 billion per share, with estimates ranging from $3.90 billion to $3.95 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Laureate Education.

A number of equities research analysts recently weighed in on LAUR shares. BMO Capital Markets reaffirmed a “buy” rating and issued a $18.00 target price on shares of Laureate Education in a research note on Wednesday, January 17th. Zacks Investment Research downgraded shares of Laureate Education from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $18.00 target price (down from $21.00) on shares of Laureate Education in a research note on Thursday, November 9th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $19.00 target price on shares of Laureate Education in a research note on Thursday, February 1st. Finally, ValuEngine downgraded shares of Laureate Education from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Laureate Education currently has an average rating of “Buy” and an average price target of $17.28.

Shares of Laureate Education (NASDAQ LAUR) traded up $0.11 on Friday, reaching $13.23. 249,300 shares of the company were exchanged, compared to its average volume of 479,817. The stock has a market capitalization of $2,457.69 and a P/E ratio of -8.88. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.82 and a quick ratio of 0.82. Laureate Education has a 1-year low of $10.46 and a 1-year high of $18.96.

Hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new position in shares of Laureate Education during the third quarter worth approximately $138,000. Pitcairn Co. purchased a new position in shares of Laureate Education during the fourth quarter worth approximately $143,000. Teacher Retirement System of Texas purchased a new position in shares of Laureate Education during the fourth quarter worth approximately $149,000. Stone Ridge Asset Management LLC purchased a new position in shares of Laureate Education during the fourth quarter worth approximately $238,000. Finally, UBS Asset Management Americas Inc. purchased a new position in shares of Laureate Education during the second quarter worth approximately $252,000. 29.46% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: This article was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this article on another publication, it was stolen and republished in violation of US and international copyright legislation. The legal version of this article can be viewed at https://stocknewstimes.com/2018/02/21/brokerages-anticipate-laureate-education-inc-laur-will-announce-quarterly-sales-of-1-24-billion.html.

Laureate Education Company Profile

Laureate Education, Inc provides higher education programs and services to students through an international network of licensed universities and higher education institutions (institutions). The Company’s programs are provided through institutions that are campus-based and Internet-based, or through electronically distributed educational programs (online).

Get a free copy of the Zacks research report on Laureate Education (LAUR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.

Latest News

Leave a Reply