Analysts Expect DeVry Education Group Inc. (NYSE:ATGE) Will Announce Quarterly Sales of $454.45 Million
Equities analysts expect that DeVry Education Group Inc. (NYSE:ATGE) will post $454.45 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for DeVry Education Group’s earnings. The lowest sales estimate is $453.71 million and the highest is $455.19 million. DeVry Education Group posted sales of $471.70 million during the same quarter last year, which suggests a negative year-over-year growth rate of 3.7%. The business is expected to report its next earnings results after the market closes on Thursday, August 17th.
On average, analysts expect that DeVry Education Group will report full-year sales of $454.45 million for the current year, with estimates ranging from $1.81 billion to $1.82 billion. For the next financial year, analysts forecast that the business will report sales of $1.80 billion per share, with estimates ranging from $1.74 billion to $1.85 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow DeVry Education Group.
A number of research firms have recently commented on ATGE. TheStreet upgraded DeVry Education Group from a “c+” rating to a “b-” rating in a report on Friday, May 5th. Zacks Investment Research downgraded DeVry Education Group from a “buy” rating to a “hold” rating in a report on Tuesday, May 9th. ValuEngine upgraded DeVry Education Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 3rd. Finally, BMO Capital Markets restated a “market perform” rating and issued a $40.00 price objective (up from $37.00) on shares of DeVry Education Group in a report on Friday, May 5th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $35.67.
DeVry Education Group (NYSE ATGE) opened at 33.75 on Tuesday. The firm has a 50-day moving average price of $37.74 and a 200 day moving average price of $34.81. The firm has a market capitalization of $2.11 billion, a P/E ratio of 31.28 and a beta of 0.88. DeVry Education Group has a 52-week low of $21.60 and a 52-week high of $40.70.
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About DeVry Education Group
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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