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DeVry Education's Ross Inks MOU with the Bloomberg School

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Ross University School of Veterinary Medicine (“Ross”), a DeVry Education Group Inc. unit, has teamed up with the Johns Hopkins Bloomberg School of Public Health (the Bloomberg School) for joint educational activities.

They have signed a Memorandum of Understanding or MOU, under which Ross will offer a platform to address major health issues in connection with human and animal medicine, population health as well as food security. The spread of diseases from animals to humans will be explored under this collaboration by students of public health in Baltimore and veterinary medicine in the Caribbean.

This is the first time that the Bloomberg School has partnered with a veterinary school, the Ross University.

In words of Sean Callanan, dean at Ross, “About 75% of the new diseases that have affected humans over the past 10 years have been caused by pathogens originating from an animal or from products of animal origin”.

Headquartered in Downers Grove, IL, DeVry provides secondary and post-secondary education, primarily in the U.S., as well as in Canada, some Caribbean countries, Brazil, Europe, the Middle East and the Pacific Rim.

The company’s Medical and Healthcare segment ??? the largest segment ??? operates through DeVry Medical International (including Ross University Schools of Medicine and Veterinary Medicine, and American University of the Caribbean School of Medicine), Chamberlain College of Nursing, and Carrington College.

DeVry’s health care and international institutions have shown significant improvement in revenues and profitability throughout fiscal 2013, 2014, 2015 and 2016. The trend continued in first-quarter fiscal 2017 as well.

In particular, the health care institutions, Chamberlain and Ross, have gained on strong demand for jobs in the field of healthcare across the U.S.

Although continued enrollment deceleration at DeVry University and Carrington remains a concern, DeVry’s healthcare and international institutions hold promises.

Zacks Rank & Other Key Picks

DeVry holds a Zacks Rank #2 (Buy).

Better-ranked stocks in the same space include Capella Education Company (CPLA - Free Report) , Grand Canyon Education, Inc. (LOPE - Free Report) and TAL Education Group , all carrying a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Capella Education is expected to witness a 9% increase in full-year 2016 earnings. The company also has a decent earnings surprise history, beating the Zacks Consensus Estimate in all of the last four quarters at an average of 10.89%.

Grand Canyon Education also posted positive earnings surprises in each of the last four quarters, the average being 7.81%.

TAL Education's fiscal 2017 revenues are expected to grow 55.5%.

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