DeVry Education (DV) Upgrades CPA Exam Review Course

Zacks

Becker Professional Education, a subsidiary of DeVry Education Group Inc. (DV) recently updated its CPA Exam Review course and products.

Designed by a team of about 100 curriculum and subject matter experts, the new CPA Exam Review course includes more multiple-choice questions and simulations, new lectures and flashcards. This course also includes two full final practice exams per part, comprehensive textbooks and e-books, an interactive study planner and a study roadmap.

Becker Professional Education has been in the news in the past few months. In Nov 2014, Becker Professional Review launched an exam review course called The Certified Management Accountant or CMA course in the Indian market through its existing partner, EduPristine. Becker already offers CPA training in India in partnership with EduPristine, India’s largest financial certifications review provider. The partnership was formed last year.

In the same month of Nov 2014, Becker Professional Education entered into a partnership with the American Medical Student Association (AMSA), to assist medical students prepare for the United States Medical Licensing Examination (USMLE).

Becker Professional Review is part of DeVry’s International and Professional Education segment. The segment also includes operations of DeVry Brasil, which operates through eight institutions in the northeast region of Brazil.

In Dec 2014, DeVry Brasil announced its decision to buy two educational institutions in Brazil, to further strengthen its foothold in the northern part of the country. On Dec 16, DeVry Brasil, agreed to buy Damásio Educacional for an undisclosed amount while on Dec 18, it agreed to buy Faculdade Ideal (Faci).

DeVry Brasil operates through nine educational institutions in the northeastern regions of Brazil and is part of DeVry’s International and Professional Education segment. The segment has been doing quite well for the past few quarters.

During the first quarter of fiscal 2015, revenues of this segment grew 22% year over year driven by higher revenues at both DeVry Brasil and Becker. While DeVry Brasil’s revenues grew 25%, that of Becker Professional Education increased 18% from the year-ago period.

Stocks to Consider

DeVry carries a Zacks Rank #3 (Hold).

Better-ranked stocks in the education industry include National American University Holdings, Inc. (NAUH), Bright Horizons Family Solutions, Inc. (BFAM) and Grand Canyon Education, Inc. (LOPE). All the three companies hold a Zacks Rank #2 (Buy).

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