DeVry Education Group (DV) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS
DeVry Education Group (NYSE:DV) announced its earnings results on Thursday. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.67 by $0.06, ARN reports. The company had revenue of $485.10 million for the quarter, compared to the consensus estimate of $487.50 million. During the same quarter in the prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue was up 1.1% on a year-over-year basis.
Shares of DeVry Education Group (NYSE:DV) traded down 0.81% on Thursday, hitting $40.59. The stock had a trading volume of 655,075 shares. DeVry Education Group has a 52 week low of $28.00 and a 52 week high of $47.73. The stock’s 50-day moving average is $42.20 and its 200-day moving average is $41.20. The company has a market cap of $2.577 billion and a price-to-earnings ratio of 41.38. DeVry Education Group also was the target of unusually large options trading activity on Thursday. Traders purchased 232 put options on the company. This represents an increase of approximately 427% compared to the typical volume of 44 put options.
On a related note, analysts at Stifel Nicolaus upgraded shares of DeVry Education Group from a “hold” rating to a “buy” rating in a research note on Friday, August 1st. They now have a $48.00 price target on the stock. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. DeVry Education Group currently has an average rating of “Hold” and an average price target of $41.38.
DeVry Education Group Inc , formerly DeVry Inc, is a provider of educational services and the parent organization of Advanced Academics, American University of the Caribbean School of Medicine, Becker Professional Education, Carrington College and Carrington College California, Chamberlain College of Nursing, DeVry Brasil, DeVry University, Ross University School of Medicine and Ross University School of Veterinary Medicine.
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