DeVry Education Group Inc. (DV) to Release Earnings on Thursday
DeVry Education Group Inc. (NYSE:DV) is set 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 posted its earnings results on Thursday, August 18th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the 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 firm earned $471.70 million during the quarter, compared to analysts’ expectations of $461.90 million. During the same period in the previous year, the business posted $0.57 EPS. The business’s revenue 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.
DeVry Education Group Inc. (NYSE:DV) opened at 22.39 on Tuesday. DeVry Education Group Inc. has a 1-year low of $15.36 and a 1-year high of $29.60. The company has a 50 day moving average of $22.88 and a 200 day moving average of $20.22. The firm’s market capitalization is $1.40 billion.
DV has been the topic of a number of research reports. Zacks Investment Research upgraded shares of DeVry Education Group from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Monday. Credit Suisse Group AG set a $24.00 price target on DeVry Education Group and gave the stock a “hold” rating in a report on Sunday, October 2nd. Barrington Research raised DeVry Education Group from a “market perform” rating to an “outperform” rating and set a $30.00 price target for the company in a report on Wednesday, September 14th. Finally, Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $35.00 price target on shares of DeVry Education Group in a report on Sunday, August 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. DeVry Education Group has a consensus rating of “Hold” and a consensus price target of $23.88.
In other news, insider Lisa W. Wardell purchased 8,000 shares of the company’s stock in a transaction dated Monday, August 22nd. The stock was acquired at an average price of $25.55 per share, for a total transaction of $204,400.00. Following the completion of the transaction, the insider now directly owns 75,036 shares in the company, valued at approximately $1,917,169.80. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Ronald L. Taylor sold 44,100 shares of the firm’s stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $22.82, for a total value of $1,006,362.00. Following the completion of the transaction, the insider now owns 742,649 shares of the company’s stock, valued at approximately $16,947,250.18. The disclosure for this sale can be found here. 5.61% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC boosted its position 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 in the last quarter. Paloma Partners Management Co boosted its stake in DeVry Education Group by 26.3% in the second quarter. Paloma Partners Management Co now owns 13,455 shares of the company’s stock worth $240,000 after buying an additional 2,803 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in DeVry Education Group during the second quarter worth approximately $220,000. Guggenheim Capital LLC boosted its stake in DeVry Education Group by 7.9% in the second quarter. Guggenheim Capital LLC now owns 107,387 shares of the company’s stock worth $1,916,000 after buying an additional 7,834 shares in the last quarter. Finally, Cantab Capital Partners LLP boosted its stake in DeVry Education Group by 10.0% in the second quarter. Cantab Capital Partners LLP now owns 49,469 shares of the company’s stock worth $883,000 after buying an additional 4,514 shares in the last quarter.
DeVry Education Group Company Profile
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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