Laureate Education, Inc., together with its subsidiaries, provides higher education programs and services to students through a network of universities and higher education institutions. It offers a range of undergraduate and graduate degree programs primarily in the areas of business and management, medicine and health sciences, and engineering and information technology through campus-based, online, and hybrid programs. The company provides its services in Brazil, Mexico, Chile, Peru, and the United States. The company was formerly known as Sylvan Learning Systems, Inc. and changed its name to Laureate Education, Inc. in May 2004. The company was founded in 1989 and is headquartered in Baltimore, Maryland.
IPO Year: 2017
Exchange: NASDAQ
Website: laureate.net
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/26/2024 | $17.00 | Overweight → Equal-Weight | Morgan Stanley |
| 10/6/2023 | $20.00 | Buy | Jefferies |
| 8/7/2023 | $15.00 → $17.00 | Equal-Weight → Overweight | Morgan Stanley |
| 5/8/2023 | $14.00 → $15.00 | Overweight → Equal-Weight | Morgan Stanley |
| 9/10/2021 | $20.39 | Overweight | Morgan Stanley |
MIAMI, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Laureate Education, Inc. (NASDAQ:LAUR), which operates five higher education institutions across Mexico and Peru, today announced financial results for the third quarter and nine months ended September 30, 2024. Third Quarter 2024 Highlights (compared to third quarter 2023): On a reported basis, revenue increased 2% to $368.6 million. On an organic constant currency basis1, revenue increased 9%.Operating income for the third quarter of 2024 was $72.0 million, compared to operating income of $58.7 million for the third quarter of 2023.Net income for the third quarter of 2024 was $85.3 million, compared to net income of $36.0 million for the third q
MIAMI, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Laureate Education, Inc. (NASDAQ:LAUR) plans to release results for the quarter ended September 30, 2024, on Thursday, October 31, 2024, before the stock market opens. Following the release, the Company will host a conference call with investors and analysts at 8:30 a.m. ET to discuss the second quarter results and the Company's business outlook. Interested parties are invited to listen to the earnings conference call by registering here to receive dial in information. The webcast of the conference call, including replays, and a copy of the earnings release and the related slides will be made available through the Investor Relations section of the
MIAMI, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Laureate Education, Inc. (NASDAQ:LAUR) (the "Company") announced that its board of directors has approved a new stock repurchase program to acquire up to $100 million of the Company's common stock. The Company intends to finance the repurchases with free cash flow, excess cash and liquidity on-hand, including available capacity under its Revolving Credit Facility. The Company has completed the $100 million repurchase program that had previously been announced in February 2024. After giving effect to this new authorization, the Company will have returned nearly $3 billion of capital to shareholders since the beginning of 2019 through a combination o
MIAMI, Sept. 9, 2024 /PRNewswire/ -- Laureate Education, Inc. (NASDAQ:LAUR) (the "Company") today announced that its management team will host one-on-one and small group meetings at the BTG Pactual Latam CEO Conference (the "Conference") taking place from October 8 to October 10, 2024, at the InterContinental New York Barclay Hotel. Conference participation is by invitation only and registration is mandatory. For more information on the Conference or to schedule a one-on-one or small group meeting with the Company's management, please contact a BTG Pactual representative. About Laureate Education, Inc. Laureate Education, Inc. operates five higher education institutions across Mexico and Pe
MIAMI, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Laureate Education, Inc. (NASDAQ:LAUR), which operates five higher education institutions across Mexico and Peru, today announced financial results for the second quarter and six months ended June 30, 2024. Second Quarter 2024 Highlights (compared to second quarter 2023): On a reported basis, revenue increased 8% to $499.2 million. On an organic constant currency basis1, revenue increased 7%.Operating income for the second quarter of 2024 was $166.6 million, compared to operating income of $154.5 million for the second quarter of 2023.Net income for the second quarter of 2024 was $128.4 million, compared to net income o
MIAMI, July 10, 2024 (GLOBE NEWSWIRE) -- Laureate Education, Inc. (NASDAQ:LAUR) plans to release results for the quarter ended June 30, 2024, on Thursday, August 1, 2024, before the stock market opens. Following the release, the Company will host a conference call with investors and analysts at 8:30 a.m. ET to discuss the second quarter results and the Company's business outlook. Interested parties are invited to listen to the earnings conference call by registering here to receive dial in information. The webcast of the conference call, including replays, and a copy of the earnings release and the related slides will be made available through the Investor Relations section of the Co
MIAMI, May 30, 2024 /PRNewswire/ -- Laureate Education, Inc. (NASDAQ:LAUR) (the "Company") announced the election of William J. Davis as an independent member of the Laureate Education, Inc. Board of Directors at today's 2024 Annual Meeting of Stockholders. Mr. Davis was also appointed to the Board's Audit & Risk Committee. "We are excited to welcome Bill Davis to Laureate's Board of Directors. With over 30 years of proven operational, financial and technology experience, Bill will be a valuable addition to Laureate. We look forward to Bill's perspectives and strategic insights as we continue driving growth and creating long-term value," said Eilif Serck-Hanssen, President and Chief Execu
MIAMI, May 02, 2024 (GLOBE NEWSWIRE) -- Laureate Education, Inc. (NASDAQ:LAUR), which operates five higher education institutions across Mexico and Peru, today announced financial results for the first quarter of 2024. First Quarter 2024 Highlights (compared to first quarter 2023): New enrollments increased 1%.Total enrollments increased 5%.On a reported basis, revenue increased 10% to $275.4 million. On an organic constant currency basis1, revenue increased 1% and was unfavorably affected by intra-year timing of semester start dates for certain programs as compared to the prior-year period.Operating income for the first quarter of 2024 was $11.1 million, compared to operating in
MIAMI, April 10, 2024 (GLOBE NEWSWIRE) -- Laureate Education, Inc. (NASDAQ:LAUR) plans to release results for the quarter ended March 31, 2024, on Thursday, May 2, 2024, before the stock market opens. Following the release, the Company will host a conference call with investors and analysts at 8:30 a.m. ET to discuss the first quarter results and the Company's business outlook. Interested parties are invited to listen to the earnings conference call by registering here to receive dial in information. The webcast of the conference call, including replays, and a copy of the earnings release and the related slides will be made available through the Investor Relations section of the Company'
MIAMI, April 2, 2024 /PRNewswire/ -- Laureate Education, Inc. (NASDAQ:LAUR) (the "Company") today announced that its management team will host one-on-one and small group meetings at the Jefferies Latin American Summit taking place on April 9-10, 2024, at Jefferies Conference Center in New York City. Additionally, Eilif Serck-Hanssen, President and CEO of the Company, will deliver a presentation with analysts and investors at the Morgan Stanley Brazil Education Corporate Access Day, taking place on April 16, 2024 at Morgan Stanley offices in São Paulo. The presentation is scheduled to begin at approximately 11:00 AM EST. Conference participation is by invitation only and registration is mand
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MIAMI, May 30, 2024 /PRNewswire/ -- Laureate Education, Inc. (NASDAQ:LAUR) (the "Company") announced the election of William J. Davis as an independent member of the Laureate Education, Inc. Board of Directors at today's 2024 Annual Meeting of Stockholders. Mr. Davis was also appointed to the Board's Audit & Risk Committee. "We are excited to welcome Bill Davis to Laureate's Board of Directors. With over 30 years of proven operational, financial and technology experience, Bill will be a valuable addition to Laureate. We look forward to Bill's perspectives and strategic insights as we continue driving growth and creating long-term value," said Eilif Serck-Hanssen, President and Chief Execu
MIAMI, March 4, 2024 /PRNewswire/ -- Laureate Education, Inc. (NASDAQ:LAUR) (the "Company") today announced the appointment of Leslie Brush as Senior Vice President, Chief Legal Officer, and Secretary, effective April 1, 2024. Ms. Brush previously served as Laureate's Deputy General Counsel and Secretary, and prior to that as Vice President, Assistant General Counsel, and Secretary. Ms. Brush joined Laureate in 2019, overseeing corporate governance, securities law compliance and reporting requirements, equity and executive compensation matters, and has been a member of the Company's Executive Leadership Team since 2023. Reporting to Laureate's President and Chief Executive Officer, Eilif Se
MIAMI, May 24, 2023 /PRNewswire/ -- Laureate Education, Inc. (NASDAQ:LAUR) (the "Company") announced the election of Aristides de Macedo as an independent member of the Laureate Education, Inc. Board of Directors at today's 2023 Annual Meeting of Stockholders and the appointment of Andrew B. Cohen as Vice Chair of the Board of Directors. "We are pleased to welcome Aristides de Macedo to Laureate's Board of Directors," said Eilif Serck-Hanssen, President and Chief Executive Officer. "Ari's executive leadership roles, business experience in Latin America, and experience serving as a director of a Laureate university in Peru adds important skills to our Board as we execute on our strategy and d
BALTIMORE, March 18, 2021 /PRNewswire/ -- Laureate Education, Inc. (NASDAQ: LAUR) today announced the appointment of Rick Buskirk as Senior Vice President and Chief Financial Officer, effective April 1, 2021. Mr. Buskirk, who currently is Laureate's Senior Vice President of Corporate Development, succeeds Jean-Jacques Charhon, who has resigned to pursue an opportunity outside the company. Eilif Serck-Hanssen, President and CEO, said, "Rick Buskirk will continue to be a key member of our leadership team as Laureate moves forward with a smaller footprint and focus on operations in Mexico and Peru. Following his initial assignment with Laureate leading our Financial Planning and Analysis eff
Morgan Stanley downgraded Laureate Education from Overweight to Equal-Weight and set a new price target of $17.00
Jefferies initiated coverage of Laureate Education with a rating of Buy and set a new price target of $20.00
Morgan Stanley upgraded Laureate Education from Equal-Weight to Overweight and set a new price target of $17.00 from $15.00 previously
Morgan Stanley downgraded Laureate Education from Overweight to Equal-Weight and set a new price target of $15.00 from $14.00 previously
Morgan Stanley resumed coverage of Laureate Education with a rating of Overweight and set a new price target of $20.40
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MIAMI, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Laureate Education, Inc. (NASDAQ:LAUR), which operates five higher education institutions across Mexico and Peru, today announced financial results for the third quarter and nine months ended September 30, 2024. Third Quarter 2024 Highlights (compared to third quarter 2023): On a reported basis, revenue increased 2% to $368.6 million. On an organic constant currency basis1, revenue increased 9%.Operating income for the third quarter of 2024 was $72.0 million, compared to operating income of $58.7 million for the third quarter of 2023.Net income for the third quarter of 2024 was $85.3 million, compared to net income of $36.0 million for the third q
MIAMI, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Laureate Education, Inc. (NASDAQ:LAUR) plans to release results for the quarter ended September 30, 2024, on Thursday, October 31, 2024, before the stock market opens. Following the release, the Company will host a conference call with investors and analysts at 8:30 a.m. ET to discuss the second quarter results and the Company's business outlook. Interested parties are invited to listen to the earnings conference call by registering here to receive dial in information. The webcast of the conference call, including replays, and a copy of the earnings release and the related slides will be made available through the Investor Relations section of the
MIAMI, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Laureate Education, Inc. (NASDAQ:LAUR) (the "Company") announced that its board of directors has approved a new stock repurchase program to acquire up to $100 million of the Company's common stock. The Company intends to finance the repurchases with free cash flow, excess cash and liquidity on-hand, including available capacity under its Revolving Credit Facility. The Company has completed the $100 million repurchase program that had previously been announced in February 2024. After giving effect to this new authorization, the Company will have returned nearly $3 billion of capital to shareholders since the beginning of 2019 through a combination o
MIAMI, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Laureate Education, Inc. (NASDAQ:LAUR), which operates five higher education institutions across Mexico and Peru, today announced financial results for the second quarter and six months ended June 30, 2024. Second Quarter 2024 Highlights (compared to second quarter 2023): On a reported basis, revenue increased 8% to $499.2 million. On an organic constant currency basis1, revenue increased 7%.Operating income for the second quarter of 2024 was $166.6 million, compared to operating income of $154.5 million for the second quarter of 2023.Net income for the second quarter of 2024 was $128.4 million, compared to net income o
MIAMI, July 10, 2024 (GLOBE NEWSWIRE) -- Laureate Education, Inc. (NASDAQ:LAUR) plans to release results for the quarter ended June 30, 2024, on Thursday, August 1, 2024, before the stock market opens. Following the release, the Company will host a conference call with investors and analysts at 8:30 a.m. ET to discuss the second quarter results and the Company's business outlook. Interested parties are invited to listen to the earnings conference call by registering here to receive dial in information. The webcast of the conference call, including replays, and a copy of the earnings release and the related slides will be made available through the Investor Relations section of the Co
MIAMI, May 02, 2024 (GLOBE NEWSWIRE) -- Laureate Education, Inc. (NASDAQ:LAUR), which operates five higher education institutions across Mexico and Peru, today announced financial results for the first quarter of 2024. First Quarter 2024 Highlights (compared to first quarter 2023): New enrollments increased 1%.Total enrollments increased 5%.On a reported basis, revenue increased 10% to $275.4 million. On an organic constant currency basis1, revenue increased 1% and was unfavorably affected by intra-year timing of semester start dates for certain programs as compared to the prior-year period.Operating income for the first quarter of 2024 was $11.1 million, compared to operating in
MIAMI, April 10, 2024 (GLOBE NEWSWIRE) -- Laureate Education, Inc. (NASDAQ:LAUR) plans to release results for the quarter ended March 31, 2024, on Thursday, May 2, 2024, before the stock market opens. Following the release, the Company will host a conference call with investors and analysts at 8:30 a.m. ET to discuss the first quarter results and the Company's business outlook. Interested parties are invited to listen to the earnings conference call by registering here to receive dial in information. The webcast of the conference call, including replays, and a copy of the earnings release and the related slides will be made available through the Investor Relations section of the Company'
MIAMI, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Laureate Education, Inc. (NASDAQ:LAUR), which operates five higher education institutions across Mexico and Peru, today announced financial results for the fourth quarter and the year ended December 31, 2023. Fourth Quarter 2023 Highlights (compared to fourth quarter 2022): On a reported basis, revenue increased 18% to $409.4 million. On an organic constant currency basis1, revenue increased by 10%.Operating income for the fourth quarter of 2023 was $110.0 million, compared to $78.0 million for the fourth quarter of 2022. The increase versus the fourth quarter of prior year resulted from growth in revenue and cost controls.Net income
MIAMI, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Laureate Education, Inc. (NASDAQ:LAUR) plans to release results for the quarter and fiscal year ended December 31, 2023, on Thursday, February 22, 2024, before the stock market opens. Following the release, the Company will host a conference call with investors and analysts at 8:30 a.m. ET to discuss the fourth quarter results and the Company's business outlook. Interested parties are invited to listen to the earnings conference call by registering here to receive dial in information. The webcast of the conference call, including replays, and a copy of the earnings release and the related slides will be made available through the Investor Rela
MIAMI, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Laureate Education, Inc. (NASDAQ:LAUR), which operates five higher education institutions across Mexico and Peru, today announced financial results for the third quarter and nine months ended September 30, 2023. It also announced that its Board of Directors has declared a special cash dividend of $0.70 per common share. Third Quarter 2023 Highlights (compared to third quarter 2022): On a reported basis, revenue increased 20% to $361.5 million. On an organic constant currency basis1, revenue increased 8%.Operating income for the third quarter of 2023 was $58.7 million, compared to operating income of $56.3 million for the third
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Laureate Education (NASDAQ:LAUR) reported quarterly losses of $(0.07) per share. This is a 58.82 percent increase over losses of $(0.17) per share from the same period last year. The company reported quarterly sales of $275.400 million which beat the analyst consensus estimate of $269.000 million by 2.38 percent. This is a 9.59 percent increase over sales of $251.300 million the same period last year.
Outlook for Fiscal 2024 Laureate's 2024 outlook shows continued growth opportunities. We expect stronger growth rates in Mexico due to the positive macroeconomic backdrop in that market. For our operations in Peru, we anticipate growth to be more muted in 2024 due to the current economic downturn that market is currently experiencing. However, we do expect an economic recovery in the second half of the year for Peru. Based on the current foreign exchange spot rates2, Laureate currently expects its full-year 2024 results to be as follows: •Total enrollments expected to be in the range of 467,000 to 473,000 students, reflecting growth of 4%-5% versus 2023; •Revenues expected to be
Laureate Education (NASDAQ:LAUR) reported quarterly earnings of $0.26 per share. The company reported quarterly sales of $409.40 million which beat the analyst consensus estimate of $388.00 million by 5.52 percent. This is a 18.22 percent increase over sales of $346.30 million the same period last year.
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The Nasdaq 100 closed higher by over 20 points on Friday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company’s prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga's insider transactions platform. Opendoor Technologies The Trade: Opendoor Technologies Inc. (NASDAQ:OPEN) President, Sell Direct & Svcs. Megan Meyer sold a total
The Nasdaq 100 closed lower by around 0.6% on Tuesday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company’s prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga's insider transactions platform. Semrush Holdings The Trade: Semrush Holdings, Inc. (NYSE:SEMR) Director Dmitry Melnikov sold a total of 78,978 shares at an average
Laureate Education (NASDAQ:LAUR) reported quarterly earnings of $0.23 per share which beat the analyst consensus estimate of $0.19 by 21.05 percent. This is a 21.05 percent increase over earnings of $0.19 per share from the same period last year. The company reported quarterly sales of $361.50 million which beat the analyst consensus estimate of $360.00 million by 0.42 percent. This is a 20.10 percent increase over sales of $301.00 million the same period last year.
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Upgrades Scotiabank upgraded the previous rating for Mirati Therapeutics Inc (NASDAQ:MRTX) from Sector Underperform to Sector Perform. For the second quarter, Mirati Therapeutics had an EPS of $3.04, compared to year-ago quarter EPS of $3.18. At the moment, the stock has a 52-week-high of $101.20 and a 52-week-low of $27.30. Mirati Therapeutics closed at $60.20 at the end of the last trading period. According to Loop Capital, the prior rating for MSC Industrial Direct Co Inc (NYSE:MSM) was changed from Hold to Buy. For the third quarter, MSC Industrial Direct Co had an EPS of $1.74, compared to year-ago quarter EPS of $1.82. The stock has a 52-week-high of $103.95 and a 52-week-low of $72
Jefferies analyst Pedro Baptista initiates coverage on Laureate Education (NASDAQ:LAUR) with a Buy rating and announces Price Target of $20.