Barrington Research Sees Mixed Q4 Results for DeVry Education Group

In a report published Monday, Barrington Research analyst Alexander Paris reiterated a Market Perform rating on DeVry Education Group DV. In the report, Barrington Research noted, “Revenues in the fiscal fourth quarter (ended June 30) increased 1.1% to $485.1 million, below both our estimate of $487.3 million and the FactSet consensus of $488.1 million. Revenue grew at all of its institutions, with the exception of DeVry University. Diluted EPS (ex items) increased 37% to $0.73, from $0.54 last year, above our estimate ($0.67) and the FactSet consensus ($0.70), driven by an aggressive approach to cost reductions.” DeVry Education Group closed on Friday at $39.60.