New Oriental Education & Tech Grp (NYSE:EDU) Expected to Post Earnings of $1.38 Per Share

Share on StockTwits

Equities analysts predict that New Oriental Education & Tech Grp (NYSE:EDU) will post earnings of $1.38 per share for the current quarter, Zacks reports. Zero analysts have issued estimates for New Oriental Education & Tech Grp’s earnings. New Oriental Education & Tech Grp reported earnings of $1.16 per share during the same quarter last year, which indicates a positive year over year growth rate of 19%. The firm is scheduled to issue its next earnings report on Tuesday, October 22nd.

According to Zacks, analysts expect that New Oriental Education & Tech Grp will report full year earnings of $3.40 per share for the current year, with EPS estimates ranging from $3.36 to $3.43. For the next year, analysts anticipate that the company will post earnings of $4.57 per share, with EPS estimates ranging from $4.38 to $4.76. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for New Oriental Education & Tech Grp.

New Oriental Education & Tech Grp (NYSE:EDU) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.39). New Oriental Education & Tech Grp had a net margin of 7.69% and a return on equity of 12.97%. The firm had revenue of $842.90 million for the quarter, compared to the consensus estimate of $833.78 million. During the same period last year, the company posted $0.55 earnings per share. New Oriental Education & Tech Grp’s revenue for the quarter was up 20.2% on a year-over-year basis.

Several equities analysts have weighed in on the company. ValuEngine lowered New Oriental Education & Tech Grp from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. TheStreet upgraded New Oriental Education & Tech Grp from a “c+” rating to a “b” rating in a research report on Thursday, April 25th. Zacks Investment Research downgraded New Oriental Education & Tech Grp from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 25th. Benchmark restated a “buy” rating and set a $105.00 target price (up previously from $90.00) on shares of New Oriental Education & Tech Grp in a research report on Wednesday, April 24th. Finally, Morgan Stanley increased their target price on New Oriental Education & Tech Grp from $95.00 to $106.00 and gave the stock a “positive” rating in a research report on Friday, June 14th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. New Oriental Education & Tech Grp presently has a consensus rating of “Buy” and an average price target of $92.73.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Huntington National Bank grew its stake in shares of New Oriental Education & Tech Grp by 19.5% during the second quarter. Huntington National Bank now owns 570 shares of the company’s stock valued at $55,000 after buying an additional 93 shares during the last quarter. Wetherby Asset Management Inc. grew its stake in shares of New Oriental Education & Tech Grp by 4.7% during the second quarter. Wetherby Asset Management Inc. now owns 4,059 shares of the company’s stock valued at $392,000 after buying an additional 183 shares during the last quarter. Advisory Services Network LLC grew its stake in shares of New Oriental Education & Tech Grp by 20.7% during the second quarter. Advisory Services Network LLC now owns 1,071 shares of the company’s stock valued at $104,000 after buying an additional 184 shares during the last quarter. Rehmann Capital Advisory Group grew its stake in shares of New Oriental Education & Tech Grp by 145.7% during the first quarter. Rehmann Capital Advisory Group now owns 312 shares of the company’s stock valued at $28,000 after buying an additional 185 shares during the last quarter. Finally, Cornerstone Advisors Inc. grew its stake in shares of New Oriental Education & Tech Grp by 96.5% during the first quarter. Cornerstone Advisors Inc. now owns 454 shares of the company’s stock valued at $41,000 after buying an additional 223 shares during the last quarter. 87.37% of the stock is currently owned by institutional investors and hedge funds.

NYSE EDU traded up $0.73 on Thursday, hitting $105.98. 7,735 shares of the stock traded hands, compared to its average volume of 1,373,523. The business’s fifty day moving average is $100.40 and its two-hundred day moving average is $89.39. New Oriental Education & Tech Grp has a 12 month low of $50.30 and a 12 month high of $109.90. The firm has a market capitalization of $14.91 billion, a price-to-earnings ratio of 71.03, a PEG ratio of 1.06 and a beta of 1.53. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.71 and a current ratio of 1.73.

About New Oriental Education & Tech Grp

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People's Republic of China. It operates through Language Training and Test Preparation Courses, and Others segments. The company offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the People's Republic of China, and the Commonwealth countries; and after-school tutoring courses for middle and high school students to achieve better scores on entrance exams for admission into high schools or higher education institutions, as well as for children to teach English.

Further Reading: What is operating income?

Get a free copy of the Zacks research report on New Oriental Education & Tech Grp (EDU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for New Oriental Education & Tech Grp (NYSE:EDU)

Receive News & Ratings for New Oriental Education & Tech Grp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Oriental Education & Tech Grp and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

EZCORP  Stock Price Down 11.5%
EZCORP Stock Price Down 11.5%
Opera  Stock Price Down 7.5%
Opera Stock Price Down 7.5%
Lexicon Pharmaceuticals  Trading Down 9.2%
Lexicon Pharmaceuticals Trading Down 9.2%
Hi-Crush  Trading Down 6.8%
Hi-Crush Trading Down 6.8%
Spi Energy  Trading Down 12.2%
Spi Energy Trading Down 12.2%
Dynagas LNG Partners  Trading Down 8.3%
Dynagas LNG Partners Trading Down 8.3%


© 2006-2019 Ticker Report