DeVry Education Group Inc.NYSE
DeVry: 10+% Growth + 12x Earnings + Share Buybacks = 65% Upside
Obstacles Mounting For DeVry Education Group
Today, 9:57 AM
- A potential dark shadow over the for-profit education sector is the threat that the Trump administration will slow graduate-level student funding, according to a note from Compass Point.
- The development could be positive for lender SLM Corp (SLM -1%), but negative for names such as Capella Education (CPLA +1.5%), Grand Canyon Education (LOPE +0.8%), DeVry Education (DV +2.7%) and Strayer Education (STRA +0.5%) with a high degree of graduate student exposure
Sat, Nov. 19, 11:07 AM
- Donald Trump hasn't announced his choice to lead the Department of Education yet, but for-profit education stocks have been in a celebratory mood ever since the U.S. election.
- The new administration is expected to have a lighter touch with regulations and restrictions on the for-profit sector, an industry the President-elect himself is familiar with after settling a lawsuit filed against Trump University for $25M. There's been some speculation that the DOE will see a major transition over the next four years.
- Education stocks rising more than 20% since the election include Strayer Education (NASDAQ:STRA), Universal Technical Institute (NYSE:UTI), Capella Education (NASDAQ:CPLA), Bridgepoint Education (NYSE:BPI), Career Education Corp. (NASDAQ:CECO), Grand Canyon Education (NASDAQ:LOPE), DeVry Education (NYSE:DV) and Chegg (NYSE:CHGG). Many of those names are now at or near their 52-week highs which brings up the question of how far the rally can extend?
- Related stocks: APEI, APOL, NORD, EDU, GPX, LRN.
Mon, Nov. 14, 6:29 AM
Wed, Nov. 9, 4:14 PM
- The for-profit education sector had a stellar day after the GOP sweep eased some of the regulatory concerns hanging over the sector.
- The Obama administration has targeted several firms for their marketing practices.
- Gainers after the Trump victory include American Public Education (NASDAQ:APEI) +21%, Career Education (NASDAQ:CECO) +18%, Bridgepoint Education (NYSE:BPI) +16%, Strayer Education (NASDAQ:STRA) +12%, Grand Canyon Education (NASDAQ:LOPE) +10%, K12 (NYSE:LRN) +9%, DeVry (NYSE:DV) +8%.
Tue, Nov. 1, 4:19 PM
Mon, Oct. 31, 5:35 PM
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Thu, Oct. 13, 1:14 PM
- DeVry Education (DV -0.8%) announces it reached an agreement with the Department of Education over maintaining student-specific data to substantiate historical graduate employment rate claims
- The settlement includes an agreement to no longer use the statistic in question or to make any other representations regarding the graduate employment outcomes of DeVry University graduates from 1975 to October 1980.
- Also as a result of the settlement agreement, DeVry University’s participation in Title IV programs will be under provisional certification.
- The company says the settlement won't hinder its ability to serve current or future students.
- Source: Press Release
Thu, Oct. 13, 1:10 PM
Tue, Sep. 20, 7:17 AM
- DeVry Education Group (NYSE:DV) says it will limit the amount of revenue that each of its six Title IV institutions bring in from federal funding to 85%, compared to the 90% level allowed by current federal regulations.
- “This is a significant pledge that DeVry Group is voluntarily making for the long term and it underscores our commitment to finding solutions to the issues facing higher education today,” says DeVry CEO Lisa Wardell.
- Source: Press Release
Fri, Aug. 19, 12:51 PM
Fri, Aug. 19, 10:59 AM
- DeVry Education (NYSE:DV) moves up 10.3% after reporting Q2 results.
- Revenue by segment: Medical/Healthcare +8% to $231.2M, International/Professional Education +28% to $106.2M, Business/Technology/Management -23% to $135M.
- The number of students enrolled at DeVry Education fell 9% to 69,872. Enrollment at Chamberlain College of Nursing was up 16% to 25,229 students.
- Looking ahead, DeVry sees flat revenue growth for the full year and earnings growing at a mid-single digit rate.
- Previously: DeVry Education beats by $0.05, beats on revenue (Aug. 18)
Thu, Aug. 18, 4:06 PM
Wed, Aug. 17, 5:35 PM
Mon, Jun. 13, 3:53 PM
- The Department of Education published a set of proposed rules that define when students can take legal action against for-profit colleges and petition to have their federal loans forgiven.
- Some consumer advocacy groups don't think the measures go for enough, while pro-industry associations are railing against the extra regulation.
- On watch: CECO, DV, STRA, ESI, LOPE, APEI, LINC, BPI, LRN, EDU, NAUH.
- Proposed DOE rules (.pdf)
Thu, Jun. 2, 12:45 PM
Thu, Jun. 2, 10:27 AM
- Credit Suisse downgrades DeVry Education (DV -13.1%) to a Neutral rating after having the stock lined up at Outperform.
- The investment firm slashes its price target by 32% to $17 after factoring in the dramatic turn of events at the education company.
- While CS swung and missed on its bull call on DeVry, SA contributor Alex Clifford called out DeVry as a short candidate when shares were about 40% higher.
- Previously: DeVry Education -13% on day after CEO change (May 25)
- Previously: DeVry names new CFO (June 1)