Nord Anglia Education Inc. (NYSE:NORD) issued an update on its FY17 earnings guidance on Monday morning. The company provided earnings per share guidance of $0.64-0.69 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.69. The company issued revenue guidance of $925-945 million, compared to the consensus revenue estimate of $943.35 million.
Shares of Nord Anglia Education Inc. (NYSE:NORD) opened at 22.00 on Monday. Nord Anglia Education Inc. has a 52-week low of $14.58 and a 52-week high of $23.88. The stock has a market cap of $2.29 billion, a P/E ratio of 160.58 and a beta of 0.91. The firm’s 50 day moving average price is $21.85 and its 200 day moving average price is $21.68.
Nord Anglia Education (NYSE:NORD) last announced its earnings results on Tuesday, July 26th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The business earned $253.80 million during the quarter, compared to analyst estimates of $247.57 million. Nord Anglia Education had a net margin of 2.06% and a return on equity of 20.31%. The company’s quarterly revenue was up 49.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.24 EPS. On average, analysts expect that Nord Anglia Education Inc. will post $0.64 EPS for the current year.
Several research analysts recently weighed in on NORD shares. Barclays PLC reaffirmed a buy rating on shares of Nord Anglia Education in a report on Saturday, July 9th. Zacks Investment Research upgraded shares of Nord Anglia Education from a sell rating to a hold rating in a research note on Friday, July 1st. JPMorgan Chase & Co. upped their target price on shares of Nord Anglia Education from $23.00 to $24.00 and gave the company an overweight rating in a research report on Tuesday, August 9th. Finally, Credit Suisse Group AG restated a buy rating on shares of Nord Anglia Education in a research report on Friday, August 26th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of Buy and an average price target of $24.71.
Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Group LTD increased its position in Nord Anglia Education by 74.2% in the second quarter. BlackRock Group LTD now owns 8,959 shares of the company’s stock worth $189,000 after buying an additional 3,817 shares in the last quarter. JPMorgan Chase & Co. increased its position in Nord Anglia Education by 445.7% in the second quarter. JPMorgan Chase & Co. now owns 4,900 shares of the company’s stock worth $104,000 after buying an additional 4,002 shares in the last quarter. Vanguard Group Inc. acquired a new position in Nord Anglia Education during the second quarter worth about $202,000. Thrivent Financial for Lutherans increased its position in Nord Anglia Education by 6.6% in the second quarter. Thrivent Financial for Lutherans now owns 251,800 shares of the company’s stock worth $5,323,000 after buying an additional 15,600 shares in the last quarter. Finally, BlackRock Fund Advisors acquired a new position in Nord Anglia Education during the second quarter worth about $484,000. Hedge funds and other institutional investors own 31.51% of the company’s stock.
Nord Anglia Education Company Profile
Nord Anglia Education, Inc is an operator of premium international schools. The principal activities of the Company consist of premium schools and associated activities in China, which includes the People’s Republic of China and Hong Kong Special Administrative Region (SAR); Europe, which includes Switzerland, Slovakia, Hungary, Czech Republic, Spain and Poland; Middle East/South East Asia (ME/SEA), which includes the United Arab Emirates, Qatar, Thailand, Singapore, Cambodia and Vietnam, and North America, which includes the United States and Mexico.
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