Market Overview

DeVry Education Issues Mixed Q4 Report, Says Total Student Enrollment Down 8%

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Devry Education Group Inc (NYSE: DV) shares are flat after hours. The education services provider reported Q4 EPS $0.65 ex-special items versus estimates of $0.60. Sales were $471.7 million versus estimates $491.90 million.

New Students decreased 22.9 percent year-over-year to 8,269 compared with 10,726 previously. Total Students in postsecondary enrollments decreased 8.8 percent year-over-year to 69, 872 compared with 76,584 previously.

DeVry sees Q1 2017 revenues of $445.82 million to $450.24 million compared with estimates for 436.47 million.

CEO Lisa Wardell, who became CEO on May 24 after Daniel Hamburger stepped down, said:

"Our long-term strategy is centered on expanding our programs and delivery methods across a number of in-demand professions worldwide; particularly in technology, healthcare and professional education. In fiscal 2017, we will be laser-focused on stabilizing revenue, growing earnings per share and strategic capital allocation."

Shares of Devry closed the regular session up $0.16, or 0.73 percent, to $21.94.

 

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