Laureate Education (NASDAQ:LAUR) Announces Quarterly Earnings Results, Beats Estimates By $0.40 EPS

Laureate Education (NASDAQ:LAUR - Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.56 earnings per share (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 during the quarter, compared to analyst estimates of $361.80 million. Laureate Education had a return on equity of 21.37% and a net margin of 12.64%. Laureate Education's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.23 earnings per share. Laureate Education updated its FY 2024 guidance to EPS.

Laureate Education Price Performance

NASDAQ LAUR traded down $0.28 during trading on Friday, hitting $16.90. 591,529 shares of the stock traded hands, compared to its average volume of 729,416. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.22. Laureate Education has a 12-month low of $12.45 and a 12-month high of $18.39. The firm has a 50-day simple moving average of $15.75 and a 200-day simple moving average of $15.24. The company has a market capitalization of $2.58 billion, a P/E ratio of 13.47 and a beta of 0.82.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Morgan Stanley downgraded Laureate Education from an "overweight" rating to an "equal weight" rating and set a $17.00 price objective on the stock. in a research report on Friday, July 26th. BMO Capital Markets boosted their price target on Laureate Education from $17.00 to $20.00 and gave the stock an "outperform" rating in a report on Friday.

View Our Latest Stock Analysis on LAUR

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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