Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Why Shares of DeVry Education Group, Inc. Popped

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of DeVry Education Group Inc  (NYSE: DV  ) were looking sharper today, gaining as much as 18% after the company turned in a top-notch earnings report last night.

So what: The for-profit educator said profits slipped from $0.88 a year ago to $0.86, though that was well ahead of analyst estimates at $0.75. Revenue also fell slightly, dropping 1.5% to $496.1 million, matching the Wall Street view. CEO Daniel Hamburger said the company made solid progress on "our plan to turn around and transform DeVry University," including slowing new student enrollment decline and speeding up cost reduction initiatives. 

Now what: DeVry shares hit a new 52-week high on the news, as total enrollment was up by 1.7%, or 2,020 students, to 121,643, and across all of DeVry schools new student enrollment increased 12%, propelled by additions in DeVry Brazil and its Chamberlain College of Nursing. New student enrollment is seen as a key indicator of performance in the education industry as incoming students are the best gauge of future revenue. Based on the strength of its Brazil outlet and the nursing school, as well as turnaround efforts at DeVry University, I wouldn't be surprised to see sales and profits return to growth shortly.

Your credit card may soon be completely worthless
The plastic in your wallet is about to go the way of the typewriter, the VCR, and the 8-track tape player. When it does, a handful of investors could stand to get very rich. You can join them -- but you must act now. An eye-opening new presentation reveals the full story on why your credit card is about to be worthless -- and highlights one little-known company sitting at the epicenter of an earth-shaking movement that could hand early investors the kind of profits we haven't seen since the dot-com days. Click here to watch this stunning video.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2930656, ~/Articles/ArticleHandler.aspx, 8/28/2015 1:27:19 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Jeremy Bowman

Fool since 2011. I write about consumer goods, the big picture, and whatever else piques my interest. Follow me on Twitter to see my latest articles, and for commentary on hot topics in retail and the broad market.

Today's Market

updated 4 hours ago Sponsored by:
DOW 16,654.77 369.26 2.27%
S&P 500 1,987.66 47.15 2.43%
NASD 4,812.71 115.17 2.45%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

8/27/2015 4:02 PM
DV $27.01 Up +0.78 +2.97%
DeVry, Inc. CAPS Rating: **