DeVry Education Group Inc. (DV) Scheduled to Post Quarterly Earnings on Thursday
DeVry Education Group Inc. (NYSE:DV) is scheduled to release its earnings data after the market closes on Thursday, October 20th. Analysts expect DeVry Education Group to post earnings of $0.41 per share for the quarter.
DeVry Education Group (NYSE:DV) last announced its earnings results on Thursday, August 18th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.05. DeVry Education Group had a negative net margin of 0.17% and a positive return on equity of 10.31%. The business had revenue of $471.70 million for the quarter, compared to analyst estimates of $461.90 million. During the same quarter last year, the business earned $0.57 earnings per share. The company’s revenue for the quarter was down .3% compared to the same quarter last year. On average, analysts expect DeVry Education Group to post $2.54 EPS for the current fiscal year and $2.77 EPS for the next fiscal year.
Shares of DeVry Education Group Inc. (NYSE:DV) opened at 22.23 on Wednesday. The firm’s market cap is $1.39 billion. The stock has a 50 day moving average of $22.85 and a 200 day moving average of $20.26. DeVry Education Group Inc. has a 12 month low of $15.36 and a 12 month high of $29.60.
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Several research firms recently commented on DV. Credit Suisse Group AG set a $24.00 price target on shares of DeVry Education Group and gave the company a “hold” rating in a research report on Sunday, October 2nd. Zacks Investment Research downgraded shares of DeVry Education Group from a “buy” rating to a “hold” rating in a research report on Monday, July 11th. Barrington Research upgraded shares of DeVry Education Group from a “market perform” rating to an “outperform” rating and set a $30.00 price target for the company in a research report on Wednesday, September 14th. Finally, Piper Jaffray Cos. reiterated an “overweight” rating and issued a $35.00 price target on shares of DeVry Education Group in a research report on Sunday, August 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. DeVry Education Group presently has an average rating of “Hold” and an average price target of $23.88.
In other news, SVP Gregory S. Davis sold 1,366 shares of the stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $24.00, for a total value of $32,784.00. Following the completion of the transaction, the senior vice president now owns 16,480 shares in the company, valued at approximately $395,520. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Value Advisers International sold 2,872 shares of the stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $24.67, for a total transaction of $70,852.24. The disclosure for this sale can be found here. 5.61% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the stock. Fairpointe Capital LLC boosted its stake in shares of DeVry Education Group by 29.3% in the second quarter. Fairpointe Capital LLC now owns 6,702,180 shares of the company’s stock worth $119,566,000 after buying an additional 1,520,615 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of DeVry Education Group by 2.0% in the second quarter. BlackRock Fund Advisors now owns 2,951,676 shares of the company’s stock worth $52,658,000 after buying an additional 57,573 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of DeVry Education Group by 2.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,747,382 shares of the company’s stock worth $31,173,000 after buying an additional 49,231 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of DeVry Education Group by 231.2% in the second quarter. AQR Capital Management LLC now owns 517,913 shares of the company’s stock worth $9,240,000 after buying an additional 361,561 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of DeVry Education Group by 77.3% in the second quarter. Parametric Portfolio Associates LLC now owns 147,000 shares of the company’s stock worth $2,622,000 after buying an additional 64,098 shares during the last quarter.
About DeVry Education Group
DeVry Education Group Inc (DeVry Group) is a provider of educational services. DeVry Group’s institutions offer an array of programs in business, healthcare and technology, and serve students in postsecondary education as well as accounting and finance professionals. DeVry Group operates through three segments: Business, Technology and Management, Medical and Healthcare, and International and Professional Education.
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