Key Developments: DeVry Inc (DV)
30.86USD
23 May 2013
$0.03 (+0.10%)
$30.83
$30.72
$31.02
$30.18
459,217
700,216
$34.51
$18.15
Latest Key Developments (Source: Significant Developments)
DeVry Inc Declares Semi-Annual Dividend
DeVry Inc announced that its board of directors has declared a semi-annual dividend on DeVry's common stock of $0.17 per share, payable on June 28, 2013, to common stockholders of record as of June 7, 2013. Full Article
DeVry Inc Approves Dividend Increase
DeVry Inc announced that the board of directors have approved a 13% dividend increase, raising its dividend from $0.30 to $0.34 per share annually. Payable on a semi-annual basis, the next dividend payment of $0.17 will be made on December 19, 2012, to common stockholders of record as of November 30, 2012. Full Article
DeVry Inc Authorizes Share Repurchase Program
DeVry Inc announced that its board of directors approved its eighth share repurchase program, which allows DeVry to repurchase up to $100 million of its common stock through Dec. 31, 2014. The new program will commence upon completion of the existing $100 million program. Full Article
DeVry Inc Acquires Faculdade do Vale do Ipojuca
DeVry Inc announced that it has acquired Faculdade do Vale do Ipojuca (FAVIP), which is located in the state of Pernambuco. Full Article
DeVry Inc Issues Q4 2012 Guidance Below Analysts' Estimates; Sees Q4 2012 Charge Guidance; Eliminates 570 Positions Across Institutions
DeVry Inc announced that for the fourth quarter of 2012, it expects revenue to be in the range of between $500 million and $510 million, earnings per share (EPS) to be in the range of $0.43 to $0.46, before discrete items and non-cash pre-tax impairment charge of approximately $19 million for Advanced Academics (after tax of approximately $18 million or approximately $0.28 per share), pre-tax restructuring charge of approximately $7 million related to workforce reductions (after tax approximately $4 million or approximately $0.07 per share). According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $517 million and EPS of $0.78 for the fourth quarter of 2012. DeVry Inc also announced that it is executing a plan to improve DeVry’s near term performance. The important elements of the plan are to align cost structure with enrollment levels, to regain enrollment growth, and to make targeted investments to drive future growth. DeVry announced that in response to continued softness in enrollment, DeVry is eliminating approximately 570 positions across its institutions, inclusive of both the fourth quarter of fiscal 2012 and the first quarter of fiscal 2013. DeVry will continue to execute on its cost reduction program and remains committed to achieving at least $50 million of cost savings in fiscal 2013, primarily at DeVry University and Carrington Colleges Group. Full Article
DeVry Inc Reaffirms FY 2013 Revenue Guidance-Conference Call
DeVry Inc announced that for fiscal 2013, it expects revenues to be flat to slightly down. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $2.032 billion for fiscal 2013. Full Article
DeVry Inc Declares Semi-annual Dividend
DeVry Inc announced that its Board of Directors has declared a semi-annual cash dividend on DeVry's common stock of $0.15 per share, payable on July 12, 2011, to common stockholders of record as of June 21, 2011. Full Article
Devry Inc Comments On FY 2013 Revenue Guidance-Conference Call
Devry Inc announced that for fiscal 2013, it expects revenue to be flat to slightly down. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $2.032 billion for fiscal 2013. Full Article
Devry Inc's Becker Professional Education Acquires Falcon Physician Reviews
Becker Professional Education, part of DeVry Inc., announced the acquisition of Falcon Physician Reviews. The transaction marks Becker’s entrance into the growing healthcare professional education market. Founded near Dallas in 2002, Falcon offers comprehensive review programs for physicians preparing for the United States Medical Licensing Examination (USMLE) and the Comprehensive Osteopathic Medical Licensing Examination (COMLEX). The law firm of Reed Smith served as DeVry’s Inc.’s legal counsel. DeVry did not utilize an investment bank for this transaction. Terms were not disclosed. Full Article
Devry Inc To Acquire Faculdade Boa Viagem
Devry Inc announced that it has entered into a definitive agreement to acquire Faculdade Boa Viagem (FBV). The transaction is expected to be completed within 30 days. FBV will become a part of DeVry Brasil, which currently operates Faculdades Fanor located in Fortaleza, and AREA1 and Ruy Barbosa, both located in the city of Salvador. Terms of acquisition were not disclosed. Full Article
DeVry sees cost savings in 2013, more medical students
* Second-quarter adj earnings per share $0.87 vs est. $0.56
Earnings vs. 
Estimates
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