RISE Education Cayman Ltd (NASDAQ:REDU) Expected to Announce Earnings of $0.11 Per Share

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Wall Street brokerages predict that RISE Education Cayman Ltd (NASDAQ:REDU) will announce $0.11 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for RISE Education Cayman’s earnings. RISE Education Cayman reported earnings of $0.12 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 8.3%. The firm is expected to announce its next quarterly earnings report on Thursday, August 15th.

According to Zacks, analysts expect that RISE Education Cayman will report full year earnings of $0.47 per share for the current financial year. For the next year, analysts anticipate that the firm will post earnings of $0.56 per share. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for RISE Education Cayman.

RISE Education Cayman (NASDAQ:REDU) last posted its quarterly earnings data on Thursday, May 16th. The company reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.02. RISE Education Cayman had a net margin of 10.77% and a return on equity of 35.60%. The business had revenue of $49.92 million during the quarter.

Separately, Morgan Stanley increased their target price on shares of Intuit from $225.00 to $245.00 and gave the stock an “equal weight” rating in a report on Monday, March 25th.

REDU traded up $0.03 on Thursday, hitting $8.93. 2,716 shares of the stock were exchanged, compared to its average volume of 66,681. RISE Education Cayman has a 12 month low of $6.70 and a 12 month high of $13.89. The company has a 50-day moving average of $9.34. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $509.83 million, a price-to-earnings ratio of 22.28 and a beta of 0.86.

Hedge funds have recently bought and sold shares of the company. Truvestments Capital LLC purchased a new position in RISE Education Cayman during the 1st quarter worth $86,000. Northern Trust Corp increased its holdings in RISE Education Cayman by 11.7% during the 4th quarter. Northern Trust Corp now owns 12,337 shares of the company’s stock worth $98,000 after purchasing an additional 1,295 shares during the period. Finally, BlackRock Inc. increased its holdings in RISE Education Cayman by 9.0% during the 4th quarter. BlackRock Inc. now owns 68,128 shares of the company’s stock worth $542,000 after purchasing an additional 5,619 shares during the period. 13.22% of the stock is owned by hedge funds and other institutional investors.

About RISE Education Cayman

RISE Education Cayman Ltd, through its subsidiaries, provides junior English language training services under the RISE brand name in the People's Republic of China. The company offers a range of educational programs, services, and products, including educational courses, sale of course materials, franchise services, and study tours.

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