Annual General Meeting Schedule and Quarterly Results Releases - Analyst Notes on New Oriental, Strayer, DeVry, Grand Canyon Education and 51job
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NEW YORK, May 12, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding New Oriental & Technology Group Inc. (NYSE: EDU), Strayer Education, Inc. (NASDAQ: STRA), DeVry Education Group, Inc. (NYSE: DV), Grand Canyon Education, Inc. (NASDAQ: LOPE) and 51job, Inc. (NASDAQ: JOBS). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2302-100free.
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New Oriental & Technology Group Inc. Analyst Notes
On April 30, 2014, New Oriental Education & Technology Group Inc. (New Oriental) announced that it will hold its annual general meeting of shareholders on May 16, 2014 at 10:30 a.m. local time, at The Landmark in Hong Kong, China. The Company informed that no proposal will be submitted for shareholder approval during the annual general meeting, and the meeting is expected to serve as an open forum for shareholders of record and beneficial owners of New Oriental's American Depositary Shares (ADS) to discuss Company affairs with management. The full analyst notes on New Oriental are available to download free of charge at:
http://www.analystsreview.com/2302-EDU-12May2014.pdf
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Strayer Education, Inc. Analyst Notes
On May 7, 2014, Strayer Education, Inc. (Strayer) reported Q1 2014 financial results. During the quarter, the Company's revenues decreased 15.3% YoY to $116.5 million, primarily due to lower enrollment. The Company informed that the total enrollment at Strayer University for 2014 spring term was down 10% YoY to 41,327 students. Further, new student enrollments across the Strayer University campus and online system increased 1% YoY, however continuing student enrollments decreased 13% YoY. Q1 2014 net income was $14.8 million, or $1.40 per diluted share, compared to $17.2 million, or $1.59 per diluted share, in Q1 2013. The full analyst notes on Strayer are available to download free of charge at:
http://www.analystsreview.com/2302-STRA-12May2014.pdf
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DeVry Education Group, Inc. Analyst Notes
On April 24, 2014, DeVry Education Group, Inc. (DeVry) reported financial results for Q3 FY 2014 (period ended March 31, 2014). During the quarter, the Company's total revenues of $496.1 million decreased 1.5% YoY. Q3 FY 2014 net income also came in slightly lower at $55.5 million, or $0.86 per diluted share, compared to $56.8 million, or $0.88 per diluted share, in Q3 FY 2013. "During the quarter we made good progress on our plan to turn around and transform DeVry University, including narrowing the rate of decline in new student enrollment, improving student persistence, and accelerating our cost reduction initiatives," said Daniel Hamburger, President and CEO of DeVry. "As we look ahead to fiscal 2015, we will continue to enhance our strong student value proposition and to grow and diversify in healthcare, international and professional education." The full analyst notes on DeVry are available to download free of charge at:
http://www.analystsreview.com/2302-DV-12May2014.pdf
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Grand Canyon Education, Inc. Analyst Notes
On April 30, 2014, Grand Canyon Education, Inc. (Grand Canyon Education) reported its Q1 2014 financial results. In Q1 2014, the Company's net revenue of $167.4 million was up 17.9% YoY. Q1 2014 net income also increased to $26.3 million, or $0.56 per diluted share, compared to $20.9 million, or $0.46 per diluted share, in Q1 2013. For full-year 2014, Grand Canyon Education expects net revenue of $672.2 million, with diluted EPS of $2.15 (using 47.6 million diluted shares). The full analyst notes on Grand Canyon Education are available to download free of charge at:
http://www.analystsreview.com/2302-LOPE-12May2014.pdf
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51job, Inc. Analyst Notes
On May 7, 2014, 51job, Inc. (51job) reported its Q1 2014 financial results. During the quarter, total revenues came in at RMB437.2 million ($70.3 million), up 14.9% YoY and within the Company's guidance range. Q1 2014 net income was RMB118.5 million ($19.1 million), or RMB1.95 ($0.31) per fully diluted common share, compared to RMB108.8 million, or RMB1.82 per fully diluted common share, in Q1 2013. "With recruitment demand and hiring activity maintaining positive trends so far this year, we pushed forward on the execution of our strategic initiatives and achieved solid first quarter results. We continued to place a heavy emphasis on our customer acquisition and marketing efforts, which helped drive the number of unique employers using our online services to a new quarterly record. Building on the strength of our business fundamentals, financial resources and market leadership, we will stay aggressive in 2014 with investments that will position 51job to capture greater opportunities in the HR services industry and realize sustainable long-term growth," said Rick Yan, President and CEO of 51job. The full analyst notes on 51job are available to download free of charge at:
http://www.analystsreview.com/2302-JOBS-12May2014.pdf
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