Laureate Education Inc . (NASDAQ:LAUR) stock soared to a 52-week high, reaching $19.14, marking a significant milestone for the company's shares. This peak reflects a robust 1-year change, with the stock value climbing an impressive 43.58%. Investors have shown increased confidence in the global education network, as Laureate continues to expand its reach and refine its offerings, leading to a bullish trend in its market performance. The achievement of this 52-week high serves as a testament to the company's strategic initiatives and its resilience in a competitive sector.
In other recent news, Laureate Education has reported strong Q3 2024 performance, with revenue reaching $369 million and adjusted EBITDA of $91 million, exceeding early projections. This success has been attributed to a 12% increase in new enrollments in Peru and a 4% growth in Mexico. As a result, Laureate Education has increased its 2024 revenue and adjusted EBITDA outlook by $50 million and $6 million, respectively, and announced a new $100 million stock repurchase program. The company now anticipates total enrollments to reach around 470,000 for the year, with revenue projected between $1.551 billion and $1.556 billion, and adjusted EBITDA ranging from $447 million to $451 million. Despite facing currency headwinds from a weaker Mexican peso and potential competition from public university expansion in Mexico, Laureate Education remains optimistic about its growth, particularly in Peru. These are the recent developments for Laureate Education, which continues to deliver shareholder returns, having returned nearly $3 billion to shareholders since 2019 through stock repurchases.
InvestingPro Insights
Laureate Education Inc.'s (LAUR) recent stock performance aligns with several key metrics and insights from InvestingPro. The company's strong market position is reflected in its impressive 42.6% one-year price total return, corroborating the 43.58% increase mentioned in the article. This upward trajectory is further supported by InvestingPro data showing a 21.89% return over the last month and a 25.12% return over the last three months.
An InvestingPro Tip highlights that LAUR is trading near its 52-week high, which is consistent with the article's main focus. The stock's current price is 98.6% of its 52-week high, underscoring the bullish sentiment surrounding the company. Additionally, LAUR's P/E ratio of 12.03 suggests that the stock may still be reasonably valued despite its recent gains.
Investors should note that LAUR offers a dividend yield of 3.71%, which may contribute to its attractiveness. However, an InvestingPro Tip cautions that the RSI suggests the stock is in overbought territory, which could indicate a potential for short-term price consolidation.
For readers interested in a more comprehensive analysis, InvestingPro offers 8 additional tips for LAUR, providing a deeper understanding of the company's financial health and market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.