Analysts expect that TAL Education Group (NYSE:TAL) will post earnings per share of $0.13 for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for TAL Education Group’s earnings. TAL Education Group posted earnings of $0.12 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.3%. The company is expected to announce its next earnings report before the market opens on Thursday, October 25th.
According to Zacks, analysts expect that TAL Education Group will report full year earnings of $0.62 per share for the current fiscal year, with EPS estimates ranging from $0.55 to $0.76. For the next fiscal year, analysts anticipate that the company will post earnings of $1.01 per share, with EPS estimates ranging from $0.75 to $1.29. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover TAL Education Group.
TAL Education Group (NYSE:TAL) last released its quarterly earnings data on Thursday, July 26th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.03. TAL Education Group had a return on equity of 17.68% and a net margin of 12.16%. The business had revenue of $550.60 million during the quarter, compared to analysts’ expectations of $511.45 million. During the same quarter last year, the business posted $0.43 EPS. The business’s revenue was up 71.0% on a year-over-year basis.
Several large investors have recently made changes to their positions in TAL. Schwab Charles Investment Management Inc. raised its position in shares of TAL Education Group by 78.0% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 230,546 shares of the company’s stock worth $8,551,000 after acquiring an additional 100,997 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of TAL Education Group by 3.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 952,486 shares of the company’s stock worth $35,328,000 after acquiring an additional 31,719 shares in the last quarter. BB&T Securities LLC raised its position in shares of TAL Education Group by 201.1% in the 1st quarter. BB&T Securities LLC now owns 23,967 shares of the company’s stock worth $888,000 after acquiring an additional 16,008 shares in the last quarter. FIL Ltd bought a new position in shares of TAL Education Group in the 1st quarter worth approximately $3,417,000. Finally, Seven Eight Capital LP bought a new position in shares of TAL Education Group in the 1st quarter worth approximately $325,000. 60.24% of the stock is owned by hedge funds and other institutional investors.
NYSE TAL traded up $1.36 on Monday, hitting $22.84. The company’s stock had a trading volume of 5,734,665 shares, compared to its average volume of 5,398,126. TAL Education Group has a 52-week low of $21.08 and a 52-week high of $47.63. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market cap of $12.57 billion, a P/E ratio of 67.18 and a beta of 0.05.
About TAL Education Group
TAL Education Group, through its subsidiaries, provides K-12 after-school tutoring services in the People's Republic of China. It offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese.
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