Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

5 of 6
BACKNEXT
DeVry
(DV) P/E: 22.4, EPS Gr: 20%

With the economy in turmoil, many Americans are heading back to school to improve their prospects in a dismal job market. That's boosting the fortunes of many for-profit education firms, such as DeVry.

Sales at DeVry rose 35% in its most recent quarter, thanks to enrollment gains and a revenue boost from U.S. Education Corp., a company DeVry acquired in September that focuses primarily on certification and associate degrees in health and technology.

Brandon Dobell, research analyst with William Blair & Company, said the U.S. Education purchase should help DeVry during the recession and for the long-term. That's because health care is one of the few sectors with a large imbalance between demand and supply of qualified workers.

"No matter what happens with the economy, we have an aging population and not enough people in the field," Dobell said.

Also, President Obama's stimulus package will likely boost the education sector with proposed increases in Stafford loans and Pell grants.

With that in mind, it's no wonder that DeVry's stock is actually up slightly from year-ago levels. And since most economists expect the job market to get worse before it gets better, companies like DeVry should continue to feel the love of Wall Street over the next year.

NEXT: Southwestern Energy

Last updated June 15 2009: 10:19 AM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
13 hottest tech gifts under $100 Some of the hottest products of the year cost well under $100, from gaming consoles and VR headsets to drones. More
14 gifts gamers would actually want Whether you're shopping for a Pokémon GO fan or someone who owns every console ever made, we've got holiday shopping recommendations to suit everyone from beginners to the most discerning gamer. More
14 coolest toys for the holiday season Our list of must-have toys includes a self-hatching interactive pet, a coding toy for toddlers and a high-tech Barbie Dreamhouse. More

Special Offer