Acquisition, Appointment, Enrolment Results, Contract Awarding, and Financial Results - Analyst Notes on Apollo Global, Inc., DeVry, ITT Educational Services, KBR and URS
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NEW YORK, May 29, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Apollo Education Group, Inc. (NASDAQ: APOL), DeVry Education Group Inc. (NYSE: DV), ITT Educational Services, Inc. (NYSE: ESI), KBR, Inc. (NYSE: KBR) and URS Corporation (NYSE: URS). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3071-100free.
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Apollo Education Group, Inc. Analyst Notes
On May 20, 2014, Apollo Education Group, Inc. (Apollo) announced that its wholly-owned subsidiary Apollo Global, Inc. has closed on the acquisition of an 81% consolidated interest in Milpark Education (Pty) Ltd. (Milpark Education) for approximately (South African rand) ZAR 265 million. According to the Company, Milpark Education is well-known and specialized in South Africa with a range of offerings tailored to working adult learners, including qualifications in business, commerce, investment, banking, financial planning, insurance, and government and public management. Apollo's CEO, Greg Cappelli, said, "Aligned with our diversification strategy, Milpark Education brings tremendous value, academic content and expertise serving adult learners. Expanding into South Africa allows us to broaden our network of global educational institutions. We look forward to exploring other opportunities to serve students on the continent of Africa, which hosts seven of the fastest growing economies in the world." The Company does not expect the transaction to have a material impact on its FY 2014 financial results. The full analyst notes on Apollo Global, Inc. are available to download free of charge at:
http://www.analystsreview.com/APOL.pdf/Register
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DeVry Education Group Inc. Analyst Notes
On May 23, 2014, Chamberlain College of Nursing LLC (Chamberlain), a part of DeVry Education Group Inc. (DeVry) has named Carla Sanderson, PhD, MSN, RN, as Vice President of accreditation and professional regulation, effective June 2, 2014. According to the Company, in the new role, Dr. Sanderson will oversee Chamberlain's state board and accreditation agency approvals and will direct institutional and programmatic accreditation processes, approvals, and recognitions. Susan Groenwald, PhD, MSN, RN, President of Chamberlain said, "Dr. Sanderson's breadth of experience managing accreditation for academic institutions will be invaluable as she continues to uphold Chamberlain's commitment to the highest standards of academic quality." The full analyst notes on DeVry are available to download free of charge at:
http://www.analystsreview.com/DV.pdf/Register
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ITT Educational Services, Inc. Analyst Notes
On May 22, 2014, ITT Educational Services, Inc. reported its preliminary Q1 2014 enrolment results. New student enrolment in Q1 2014 decreased 3.8% YoY to 16,746 in March 31, 2014, and total student enrolment decreased 6.4% YoY to 57,125, compared with 61,039 in March 31, 2013. The full analyst notes on ITT Educational Services are available to download free of charge at:
http://www.analystsreview.com/ESI.pdf/Register
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KBR, Inc. Analyst Notes
On May 22, 2014, KBR, Inc. (KBR) announced that a project management consultancy (PMC) services contract has been awarded to the Company for the construction of an advanced oil processing complex in Russia owned by JSC Gazprom Neft. KBR informed that it will provide PMC services for three new process units and off sites and utilities construction beginning with the front-end engineering and design phase and continuing through EPC, commissioning and start-up. The full analyst notes on KBR are available to download free of charge at:
http://www.analystsreview.com/KBR.pdf/Register
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URS Corporation Analyst Notes
On May 13, 2014, URS Corporation (URS) reported its Q1 FY 2014 financial results (period ended April 4, 2014). Quarterly revenues fell 9.5% YoY to $2.5 billion during the quarter. Operating income was $87 million, compared with $153 million in Q1 FY 2013. Q1 FY 2014 net income attributable to URS was $27 million, or $0.37 per diluted share, compared with $72 million, or $0.96 per diluted share in Q1 FY 2013. During the quarter, revenues and operating income derived from chemical demilitarization program decreased $163 million and $67 million, respectively on YoY basis. Meanwhile, net income generated by the chemical demilitarization contracts for the quarter decreased c.$40 million, or $0.54 per share (diluted) on YoY basis. The full analyst notes on URS are available to download free of charge at:
http://www.analystsreview.com/URS.pdf/Register
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