UP!

DV $20.33

DV target price
20.33
0
0
Adtalem Global Education Inc.
Type
Public
Traded as NYSE: ATGE
S&P 400 Component
Industry Education
Founded 1973
Headquarters Downers Grove, Illinois, United States
Key people
Lisa Wardell
(President and CEO)
Revenue Decrease $1.844 billion (2016)
Operating income
Decrease −$0.012 billion (2016)
Net income
Decrease −$0.003 billion (2016)
Total assets Increase $2.097 billion (2016)
Total equity Decrease $1.583 billion (2016)
Number of employees
11,770 (2016)
Website www.adtalem.com

Adtalem Global Education Inc., formerly DeVry Education Group, is a United States corporation based in Downers Grove, Illinois, that operates several for-profit higher education institutions, including Advanced Academics, Becker Professional Education, Carrington College, Chamberlain College of Nursing, DeVry Brasil, DeVry University, EduPristine, American University of the Caribbean, and Ross University Schools of Medicine and Veterinary Medicine.

Adtalem Global Education was a successor to two separate entities: DeVry Institutes and the Keller-Taylor Corporation (d/b/a Keller Graduate School of Management). DeVry Technical Institute was acquired by the Bell & Howell company in 1966, and became part of its Education Group division. The school was renamed to DeVry Institute of Technology in 1968. In 1984, the education division was renamed DeVry, Inc. ("Old DeVry"), and became publicly traded on the American Stock Exchange.

The Keller-Taylor Corporation was formed in 1973 by Dennis Keller and Ronald Taylor. Keller-Taylor was the holding company of CBA Institute in Chicago, which later became Keller Graduate School of Management. In 1987 Keller-Taylor acquired the DeVry Institutes from Bell & Howell and merged with Keller Graduate School of Management. The holding company's name changed to DeVry, Inc.

In 1991, DeVry became the first publicly traded education provider with an initial public offering on the NASDAQ stock exchange. In 1995, DeVry moved to the New York Stock Exchange (NYSE) and began trading under the symbol DV (NYSE: DV). In 2017, the company changed its ticker symbol to ATGE (NYSE: ATGE).

In 1996 DeVry acquired Becker CPA Review, now Becker Professional Education. In 2002 DeVry Institute of Technology and Keller Graduate School of Management became DeVry University. The company diversified into healthcare in 2003 with the acquisition of Ross University and added Chamberlain College of Nursing (then Deaconess College of Nursing) in 2005.

In 2007, DeVry expanded its reach into online education with the addition of Advanced Academics, an online secondary education that partners with schools and school districts across the United States. Carrington College, formerly known as Apollo College and Western Career College, joined DeVry in 2008. In 2009, DeVry acquired a majority stake in Fanor, now known as DeVry Brasil, a provider of post-secondary education with campuses located in northeastern Brazil. In June 2009, Standard and Poor's added Devry Inc. to its index of stocks, replacing newly-bankrupt General Motors.

In 2011, DeVry continued its international reach with the acquisition of ATC International (a subsidiary of Becker Professional Education), which provides professional finance and accounting training in Central and Eastern Europe as well as Central Asia; and American University of the Caribbean, a medical school located in St. Maarten.

In November 2013, DeVry Inc. was renamed to DeVry Education Group.

Daniel Hamburger resigned in 2016 as CEO of DeVry with a payout of 5.3 million dollars. Eight-year board member, Lisa Wardell was appointed president and CEO of DeVry Education Group. Wardell is the only female African-American CEO in the Fortune 1000.

In 2017, DeVry Education rebranded to Adtalem Global Education.

DeVry subsidiaries include Advanced Academics, American University of the Caribbean School of Medicine, Becker Professional Education, ATC International, the Carrington Colleges Group, Chamberlain College of Nursing, DeVry Brasil, DeVry University and its Keller Graduate School of Management, Ross University School of Medicine and Ross University School of Veterinary Medicine.

DeVry Brazil's enrollment in 2016 was 79,280 students.

The for-profit education industry has been the subject of hearings by the United States Senate Committee on Health, Education, Labor, and Pensions. Specifically with regard to DeVry Inc., the Committee found that over half of the students who enrolled at DeVry in 2008-2009 withdrew by mid-2010. DeVry spends more on marketing than on student instruction. Approximately 80% of DeVry's revenue is Federal education funds.

As of 2013, DeVry Inc. is under investigation by the Attorneys General of the states of Illinois and Massachusetts.

A lawsuit has been filed against DeVry alleging deceptive recruiting practices in violation of federal law.

In January 2016, The Federal Trade Commission filed a lawsuit against DeVry Education Group alleging false or misleading advertising. A class action lawsuit was also filed against DeVry Group in US District Court, Northern District of California claiming breaches of contract, good faith and fair dealing, violations of the California Unfair Trade Practices Act, the California False Advertising Act and the California Consumer Legal Remedies Act, and negligent misrepresentations. A confidential settlement was reached.

In May 2016, a shareholder class action lawsuit was filed against DeVry Group, in the US District Court, Northern District of Illinois. The plaintiffs claimed that defendants made false or misleading statements regarding DeVry University’s graduate employment rate and the earnings of DeVry University graduates relative to the graduates of other universities and colleges.

In June 2016, T’Lani Robinson and Robby Brown filed an arbitration demand with the American Arbitration Association, seeking relief for breach of contract, negligence, violation of the Illinois Uniform Deceptive Trade Practices Act, conversion, and unjust enrichment.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-11-07 Future report Set alerts
Q2 2022 2022-08-03 0.06 0.06
Q1 2022 2022-05-10 0.03 0.03
Q4 2021 2022-03-08 0.17 0.17
Q3 2021 2021-11-09 0.05 0.05
Q2 2021 2021-07-29 -0.08 -0.08
Q1 2021 2021-05-25 0.04 0.04

Ratings

2016-06-10 Reiterated Rating Bank of America Sell $16.00
2016-06-10 Reiterated Rating Bank of America Corp. Sell $16.00
2016-06-08 Reiterated Rating Credit Suisse Hold
2016-06-08 Reiterated Rating Credit Suisse Group AG Hold
2016-06-06 Downgrade Barrington Research Outperform to Market Perform
2016-06-02 Downgrade Credit Suisse Outperform to Neutral $25.00 to $17.00
2016-05-26 Reiterated Rating Piper Jaffray Overweight $35.00
2016-05-26 Reiterated Rating Bank of America Sell
2016-05-26 Reiterated Rating Piper Jaffray Cos. Overweight $35.00
2016-05-08 Reiterated Rating Morgan Stanley Hold
2016-05-08 Reiterated Rating Robert W. Baird Hold
2016-04-20 Downgrade Bank of America Neutral to Underperform $18.00
2016-04-09 Reiterated Rating Morgan Stanley Hold
2016-02-05 Lower Price Target BMO Capital Markets Market Perform $30.00 to $21.00
2016-02-05 Reiterated Rating Deutsche Bank Hold $28.00 to $22.00
2016-02-05 Reiterated Rating Compass Point Neutral $28.00 to $18.00
2016-02-05 Reiterated Rating Deutsche Bank AG Hold $28.00 to $22.00
2016-02-02 Initiated Coverage Credit Suisse Outperform $29.00
2016-01-28 Reiterated Rating Piper Jaffray Buy $38.00
2016-01-22 Reiterated Rating Bank of America Neutral $26.00
2015-10-23 Lower Price Target Deutsche Bank Hold $33.00 to $28.00
2015-09-21 Upgrade Barrington Research Market Perform to Outperform $35.00
2015-08-21 Upgrade Standpoint Research Hold to Buy $32.00
2015-08-19 Lower Price Target Piper Jaffray $48.00 to $38.00
2015-08-19 Lower Price Target Deutsche Bank Hold $34.00 to $33.00
2015-08-19 Lower Price Target BMO Capital Markets Market Perform $36.00 to $30.00
2015-08-19 Lower Price Target Compass Point Neutral $34.00 to $28.00
2015-05-18 Downgrade Deutsche Bank Buy to Hold $40.00 to $34.00
2015-04-27 Downgrade Stifel Nicolaus Buy to Hold $51.00
2015-04-24 Reiterated Rating BMO Capital Markets Market Perform $45.00 to $36.00
2015-04-24 Lower Price Target Compass Point Neutral $39.00 to $34.00
2015-02-06 Reiterated Rating Deutsche Bank Buy $54.00 to $46.00
2015-02-06 Lower Price Target Stifel Nicolaus Buy $53.00 to $51.00
2015-02-06 Lower Price Target Compass Point Neutral $43.00 to $39.00
2014-10-24 Reiterated Rating Morgan Stanley Equal Weight $40.00
2014-10-24 Boost Price Target Stifel Nicolaus Buy $49.00 to $53.00
2014-10-09 Reiterated Rating Deutsche Bank Buy $55.00
2014-10-01 Upgrade Deutsche Bank Hold to Buy $47.00 to $55.00
2014-08-22 Reiterated Rating Barclays Equal Weight $50.00 to $48.00
2014-08-22 Reiterated Rating Barclays PLC Equal Weight $50.00 to $48.00
2014-08-08 Boost Price Target Stifel Nicolaus $48.00 to $49.00
2014-08-08 Lower Price Target Compass Point Neutral $44.00 to $40.00
2014-08-01 Upgrade Stifel Nicolaus Hold to Buy $48.00
2014-05-06 Boost Price Target Compass Point $34.00 to $44.00
2014-04-29 Reiterated Rating JPMorgan Chase & Co. Neutral $41.00
2014-04-28 Boost Price Target Compass Point Neutral $34.00 to $44.00
2014-04-25 Upgrade Piper Jaffray Neutral to Overweight $34.00 to $54.00
2014-02-05 Reiterated Rating Bank of America Neutral $42.00 to $40.00
2014-01-29 Boost Price Target Barclays Equal Weight $28.00 to $40.00
2014-01-21 Upgrade Ned Davis Research Neutral to Buy
2013-10-25 Boost Price Target Deutsche Bank Hold $28.00 to $36.00
2013-10-25 Boost Price Target Compass Point Neutral $28.00 to $34.00
2013-10-23 Downgrade Standpoint Research Buy to Hold
2013-08-09 Downgrade Compass Point Buy to Neutral $35 to $28
2013-02-07 Reiterated Stifel Nicolaus Buy $30 to $36
2012-10-26 Reiterated Barclays Equal Weight $21 to $25
2012-07-24 Reiterated Stifel Nicolaus Buy $41 to $33
2012-07-24 Downgrade Oppenheimer Outperform to Perform
2012-03-12 Initiated Standpoint Research Buy $45
2016-06-10 Reiterated Rating Bank of America Sell $16.00
2016-06-10 Reiterated Rating Bank of America Corp. Sell $16.00
2016-06-08 Reiterated Rating Credit Suisse Hold
2016-06-08 Reiterated Rating Credit Suisse Group AG Hold
2016-06-06 Downgrade Barrington Research Outperform to Market Perform

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
TAYLOR RONALD L Senior Advisor/Director 0.86%  (543620) ADPT / DV / FNTC /
HAMBURGER DANIEL President and CEO 0.22%  (142136) DV /
WARDELL LISA W 0.17%  (107101) CBK / DV / RLJE /
WIGGINS TIMOTHY J SVP & Chief Financial Officer 0.07%  (44939) DV /
International Value Advisers, LLC 0.07%  (42136) DV /
Groenwald Susan President, Chamberlain 0.05%  (34402) DV /
PAULDINE DAVID J Executive Vice President & 0.05%  (30242) DV / QNST /
Paul Robert A President, Carrington Group 0.04%  (28426) DV /
Unzicker Patrick J VP & Chief Accounting Officer 0.04%  (26059) DV /
MCGEE JULIE A 0.04%  (24542) DV /
Riehs Steven President, K-12, International 0.04%  (23252) DV /
Nash Christopher C SVP, Chief Information Officer 0.03%  (19237) DV /
Logan Lyle 0.03%  (19050) DV / HSII /
Davis Gregory S Senior Vice President, General 0.03%  (16480) DV /
Sodeika Lisa M SVP, External Relations and Re 0.02%  (15572) DV /
Dirst Eric P. President, DeVry Online 0.02%  (14800) DV /
RUIZ FERNANDO 0.02%  (14511) DOW / DV /
Roselli John P President, Becker Professional 0.02%  (13730) DV /
CURRAN CONNIE R 0.02%  (13295) DV / HSP /
Lau Fernando Chief Marketing Officer 0.02%  (13030) DV /
Jennings Donna Senior Vice President, 0.02%  (12815) DV /
BEGLEY CHRISTOPHER B 0.02%  (12435) DV / HGR / HSH / ZMH /
Filgueiras Carlos President, DeVry Brasil 0.02%  (11832) DV /
Huston Darren Richard 0.02%  (10436) DV / PCLN /
MERTEN ALAN G 0.02%  (10320) CFNL / DV / FPO /
LORAINE DONNA M President, Carrington Colleges 0.01%  (9213) DV /
Bartholomew James Raymond President, DeVry University 0.01%  (8837) DV /
WHITE JAMES D 0.01%  (8293) CALD / DV / HSH / JMBA / PNRA /
Allegrini Adriano VP, Strategy and Bus. Develop 0.01%  (7004) DV /
Akens Jeffrey Richard President, Carrington College 0.01%  (6752) DV /
BROWN DAVID S 0.01%  (6404) DV /
Hart Ann 0.01%  (5778) DV /
PARROTT SHARON THOMAS SVP, Gov. & Regulatory Affairs 0.01%  (5610) DV /
Ashe Gena L SVP, CLO and Secretary 0.01%  (4420) DV / XPO /
Carroll Kathleen Vice President, Controller 0.01%  (3494) DV /
BURKE WILLIAM W 0.01%  (3300) DV / LDRH / MDCI / TCMD /
Boden Holland Katherine Alice 0.01%  (3300) DV /