Jefferies initiated coverage on Laureate Education with a new price target
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Jefferies initiated coverage of Laureate Education with a rating of Buy and set a new price target of $20.00
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| 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 |
SC 13G/A - LAUREATE EDUCATION, INC. (0000912766) (Subject)
SC 13D/A - LAUREATE EDUCATION, INC. (0000912766) (Subject)
SC 13G/A - LAUREATE EDUCATION, INC. (0000912766) (Subject)
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
4 - LAUREATE EDUCATION, INC. (0000912766) (Issuer)
4 - LAUREATE EDUCATION, INC. (0000912766) (Issuer)
3 - LAUREATE EDUCATION, INC. (0000912766) (Issuer)
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.
10-Q - LAUREATE EDUCATION, INC. (0000912766) (Filer)
8-K - LAUREATE EDUCATION, INC. (0000912766) (Filer)
10-Q - LAUREATE EDUCATION, INC. (0000912766) (Filer)
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, 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
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