Zacks: Analysts Anticipate New Oriental Education & Tech Grp (NYSE:EDU) to Post $1.41 EPS

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Equities research analysts expect that New Oriental Education & Tech Grp (NYSE:EDU) will announce earnings per share (EPS) of $1.41 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for New Oriental Education & Tech Grp’s earnings. New Oriental Education & Tech Grp posted earnings of $1.16 per share during the same quarter last year, which suggests a positive year over year growth rate of 21.6%. The firm is expected to announce its next earnings results before the market opens on Tuesday, October 22nd.

According to Zacks, analysts expect that New Oriental Education & Tech Grp will report full year earnings of $3.38 per share for the current financial year, with EPS estimates ranging from $3.36 to $3.42. For the next financial year, analysts expect that the business will report earnings of $4.63 per share, with EPS estimates ranging from $4.39 to $4.76. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for New Oriental Education & Tech Grp.

New Oriental Education & Tech Grp (NYSE:EDU) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.37 by $0.07. New Oriental Education & Tech Grp had a return on equity of 12.97% and a net margin of 7.69%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the company posted $1.16 earnings per share. The firm’s revenue was up 24.6% compared to the same quarter last year.

Several research firms have commented on EDU. ValuEngine lowered New Oriental Education & Tech Grp from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Citigroup reissued a “buy” rating and issued a $130.00 price objective (up from $115.00) on shares of New Oriental Education & Tech Grp in a research report on Thursday, October 10th. JPMorgan Chase & Co. raised New Oriental Education & Tech Grp from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $88.00 to $143.00 in a research report on Thursday, October 17th. Finally, Zacks Investment Research raised New Oriental Education & Tech Grp from a “sell” rating to a “hold” rating in a research report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. New Oriental Education & Tech Grp has an average rating of “Buy” and a consensus price target of $101.77.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Amundi Pioneer Asset Management Inc. boosted its stake in New Oriental Education & Tech Grp by 0.7% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 339,681 shares of the company’s stock worth $30,602,000 after purchasing an additional 2,500 shares during the period. Dorsey Wright & Associates bought a new position in New Oriental Education & Tech Grp in the 2nd quarter worth approximately $3,444,000. WINTON GROUP Ltd bought a new position in New Oriental Education & Tech Grp in the 2nd quarter worth approximately $293,000. Hexavest Inc. bought a new position in New Oriental Education & Tech Grp in the 2nd quarter worth approximately $1,888,000. Finally, Handelsbanken Fonder AB boosted its stake in New Oriental Education & Tech Grp by 8.0% in the 2nd quarter. Handelsbanken Fonder AB now owns 269,216 shares of the company’s stock worth $26,001,000 after purchasing an additional 20,000 shares during the period. 86.46% of the stock is currently owned by institutional investors and hedge funds.

NYSE:EDU opened at $108.38 on Wednesday. The business’s 50-day moving average is $111.55 and its two-hundred day moving average is $99.01. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.73 and a quick ratio of 1.71. New Oriental Education & Tech Grp has a 12 month low of $50.30 and a 12 month high of $121.40. The firm has a market capitalization of $16.23 billion, a PE ratio of 72.25, a price-to-earnings-growth ratio of 1.18 and a beta of 1.46.

New Oriental Education & Tech Grp Company Profile

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.

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