DeVry Education Group Inc. (ATGE) Expected to Announce Quarterly Sales of $454.45 Million

Analysts forecast that DeVry Education Group Inc. (NYSE:ATGE) will report sales of $454.45 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for DeVry Education Group’s earnings, with estimates ranging from $453.71 million to $455.19 million. DeVry Education Group posted sales of $471.70 million during the same quarter last year, which would indicate a negative year over year growth rate of 3.7%. The firm is scheduled to report its next earnings report 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 fiscal year, with estimates ranging from $1.81 billion to $1.82 billion. For the next fiscal year, analysts expect that the firm will report sales of $1.80 billion per share, with estimates ranging from $1.74 billion to $1.85 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover DeVry Education Group.

DeVry Education Group (NYSE:ATGE) last issued its earnings results on Thursday, May 4th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. The company had revenue of $452.10 million for the quarter, compared to analysts’ expectations of $458.21 million. DeVry Education Group had a net margin of 3.80% and a return on equity of 10.73%. The firm’s revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.71 EPS.

Several equities analysts have commented on ATGE shares. Zacks Investment Research lowered shares of DeVry Education Group from a “buy” rating to a “hold” rating in a research report on Wednesday, April 5th. BMO Capital Markets reiterated a “hold” rating and set a $37.00 price objective on shares of DeVry Education Group in a research report on Wednesday, April 12th. TheStreet upgraded shares of DeVry Education Group from a “c+” rating to a “b-” rating in a research report on Friday, May 5th. Finally, ValuEngine upgraded shares of DeVry Education Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 3rd. Three investment 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. DeVry Education Group presently has a consensus rating of “Buy” and a consensus target price of $35.67.

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In other news, insider Donna Jennings sold 10,000 shares of the firm’s stock in a transaction dated Monday, April 24th. The shares were sold at an average price of $36.50, for a total value of $365,000.00. Following the completion of the sale, the insider now owns 15,185 shares in the company, valued at approximately $554,252.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.30% of the stock is currently owned by company insiders.

Shares of DeVry Education Group (NYSE:ATGE) traded up 0.13% during trading on Friday, reaching $37.75. 177,593 shares of the company were exchanged. The stock’s 50 day moving average is $37.97 and its 200 day moving average is $34.52. DeVry Education Group has a 1-year low of $16.58 and a 1-year high of $40.70. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 34.99 and a beta of 0.96.

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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