Analysts Anticipate DeVry Education Group Inc. (NYSE:ATGE) to Announce $0.72 EPS
Wall Street analysts expect that DeVry Education Group Inc. (NYSE:ATGE) will report earnings of $0.72 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for DeVry Education Group’s earnings. The highest EPS estimate is $0.80 and the lowest is $0.68. DeVry Education Group reported earnings per share of $0.65 in the same quarter last year, which suggests a positive year-over-year growth rate of 10.8%. The company is expected to report its next earnings report after the market closes on Thursday, August 17th.
According to Zacks, analysts expect that DeVry Education Group will report full-year earnings of $2.70 per share for the current year, with EPS estimates ranging from $2.68 to $2.74. For the next financial year, analysts expect that the company will post earnings of $2.89 per share, with EPS estimates ranging from $2.77 to $2.95. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow DeVry Education Group.
DeVry Education Group (NYSE:ATGE) last issued its quarterly earnings results on Thursday, May 4th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.06. The business had revenue of $452.10 million during the quarter, compared to analyst estimates of $458.21 million. DeVry Education Group had a net margin of 3.80% and a return on equity of 10.73%. DeVry Education Group’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 earnings per share.
A number of research firms recently issued reports on ATGE. ValuEngine upgraded shares of DeVry Education Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 3rd. TheStreet upgraded shares of DeVry Education Group from a “c+” rating to a “b-” rating in a research report on Friday, May 5th. Zacks Investment Research cut shares of DeVry Education Group from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $40.00 price objective (up from $37.00) on shares of DeVry Education Group in a research report on Friday, May 5th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $35.67.
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Shares of DeVry Education Group (ATGE) traded up 0.72% during mid-day trading on Monday, hitting $35.20. 281,591 shares of the company were exchanged. The company’s 50-day moving average price is $37.74 and its 200-day moving average price is $34.81. The firm has a market capitalization of $2.20 billion, a P/E ratio of 32.62 and a beta of 0.89. DeVry Education Group has a 12-month low of $21.60 and a 12-month high of $40.70.
In other news, insider Donna Jennings sold 10,000 shares of the stock in a transaction on Monday, April 24th. The shares were sold at an average price of $36.50, for a total transaction of $365,000.00. Following the completion of the sale, the insider now directly owns 15,185 shares in the company, valued at $554,252.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 5.30% of the company’s stock.
DeVry Education Group Company Profile
Adtalem Global Education Inc, formerly DeVry Education Group Inc (DeVry Group) is a global provider of educational services. DeVry Group’s focuses on empowering its students to achieve their educational and career goals. DeVry Group’s institutions offer a range of programs in healthcare, technology, business, accounting, finance and law.
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