Zacks Equity Research: DeVry to Offer Nursing Scholarships

May 29, 2013

by Zacks Equity Research

Chamberlain College of Nursing, LLC, which is a unit of DeVry Inc. (DV - Analyst Report), has recently declared that it will offer Honoree Scholarships to more than 35,000 DAISY (Diseases Attacking the Immune System) Award nurses.

The DAISY Foundation is a non-profit institution that recognizes nurses with extraordinary dedication and skills and awards them The DAISY Faculty Award. The scholarships from Chamberlain College of Nursing help these talented nurses to further pursue their profession through programs and grants for nursing research.

Through the scholarships offered by Chamberlain College of Nursing, eligible DAISY Award nurses will be offered an education partner tuition rate for Chamberlain’s Registered Nurse (RN) to Bachelor of Science in Nursing (BSN) online degree completion option, RN-BSN to Master of Science in Nursing (MSN) online option, MSN degree program, Doctor of Nursing Practice (DNP) degree program and graduate certificates. The scholarship program will come into effect from Chamberlain’s new session commencing Jul 8, 2013.

Despite overall decline in revenues in third quarter 2013, DeVry's Medical and Healthcare segments witnessed strong revenue growth on the back of increasing demand for medical courses.

Like DeVry, another education company Capella Education Company (CPLA - Analyst Report) have been witnessing year-over-year decline in revenues due to volatile enrollment growth for the past few quarters.

As such, DeVry has been making efforts to boost enrollment, which resulted in better quality enquiries and improved conversion and retention rates. The company also invests in scholarships in order to support students to achieve their academic goals. In fiscal 2013, the company expects its scholarships to be in the low $50 million range, up from $42 million in fiscal 2012.

DeVry carries a Zacks Rank #3 (Hold).

Education stocks such as New Oriental Education & Technology Group (EDU - Snapshot Report) and Grand Canyon Education, Inc. (LOPE - Snapshot Report) are currently performing well and are worth considering. New Oriental carries a Zacks Rank #1 (Strong Buy), whereas Grand Canyon Education holds a Zacks Rank #2 (Buy).

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