Laureate Education (NASDAQ:LAUR – Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.16 by $0.40, Briefing.com reports. The business had revenue of $368.60 million for the quarter, compared to the consensus estimate of $361.80 million. Laureate Education had a net margin of 12.64% and a return on equity of 21.37%. The company’s revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 earnings per share. Laureate Education updated its FY 2024 guidance to EPS.
Laureate Education Price Performance
Laureate Education stock traded down $0.28 during midday trading on Friday, hitting $16.90. 591,529 shares of the company’s stock were exchanged, compared to its average volume of 729,416. The stock has a 50-day moving average price of $15.75 and a two-hundred day moving average price of $15.24. Laureate Education has a 52-week low of $12.45 and a 52-week high of $18.39. The company has a market cap of $2.58 billion, a P/E ratio of 13.47 and a beta of 0.82. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.76 and a current ratio of 0.76.
Wall Street Analyst Weigh In
Several research firms have issued reports on LAUR. Morgan Stanley downgraded Laureate Education from an “overweight” rating to an “equal weight” rating and set a $17.00 target price on the stock. in a research report on Friday, July 26th. BMO Capital Markets raised their target price on Laureate Education from $17.00 to $20.00 and gave the stock an “outperform” rating in a research note on Friday.
About Laureate Education
Laureate Education, Inc, together with its subsidiaries, offers higher education programs and services to students through a network of universities and higher education institutions. The company provides a range of undergraduate and graduate degree programs in the areas of business and management, medicine and health sciences, and engineering and information technology through campus-based, online, and hybrid programs.
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