TAL Education Group (NYSE:TAL) announced its quarterly earnings data on Thursday, October 26th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02), MarketWatch Earnings reports. TAL Education Group had a net margin of 9.90% and a return on equity of 18.17%. The firm had revenue of $455.80 million during the quarter, compared to analyst estimates of $441.18 million. TAL Education Group’s revenue was up 68.1% compared to the same quarter last year.
TAL Education Group (NYSE:TAL) opened at $29.40 on Friday. The stock has a market capitalization of $14,959.18, a price-to-earnings ratio of 127.50, a P/E/G ratio of 1.42 and a beta of 0.22. TAL Education Group has a fifty-two week low of $11.02 and a fifty-two week high of $36.16. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.32.
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A number of equities analysts have issued reports on TAL shares. Citigroup Inc. initiated coverage on TAL Education Group in a research report on Tuesday, July 18th. They set a “neutral” rating and a $25.00 price target on the stock. J P Morgan Chase & Co raised their target price on TAL Education Group to $31.67 and gave the company an “overweight” rating in a research report on Thursday, July 27th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $29.33 price target on shares of TAL Education Group in a report on Monday, July 31st. UBS AG assumed coverage on TAL Education Group in a report on Tuesday, August 1st. They issued a “buy” rating for the company. Finally, Morgan Stanley assumed coverage on TAL Education Group in a report on Friday, August 25th. They issued an “overweight” rating and a $37.00 price target for the company. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $31.16.
About TAL Education Group
TAL Education Group is a holding company for a group of companies engaged in provision of after-school tutoring programs for primary and secondary school students in the People’s Republic of China (the PRC). The Company is a K-12 after-school tutoring services provider in China. The Company’s Xueersi Peiyou small classes course consists of approximately four semesters, which include approximately two school semesters in Spring and Fall, and approximately two holiday semesters in summer and winter.
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