New Oriental Education & Tech Grp (EDU) Expected to Announce Earnings of $0.51 Per Share

Wall Street analysts forecast that New Oriental Education & Tech Grp (NYSE:EDU) will announce earnings of $0.51 per share for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for New Oriental Education & Tech Grp’s earnings. New Oriental Education & Tech Grp reported earnings per share of $0.48 during the same quarter last year, which would suggest a positive year over year growth rate of 6.3%. The firm is scheduled to report its next earnings report on Monday, April 23rd.

According to Zacks, analysts expect that New Oriental Education & Tech Grp will report full-year earnings of $2.14 per share for the current year, with EPS estimates ranging from $2.07 to $2.20. For the next financial year, analysts forecast that the firm will post earnings of $2.85 per share, with EPS estimates ranging from $2.41 to $3.19. Zacks’ EPS averages are an average based on a survey of analysts that cover New Oriental Education & Tech Grp.

New Oriental Education & Tech Grp (NYSE:EDU) last announced its earnings results on Tuesday, January 23rd. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.03). New Oriental Education & Tech Grp had a net margin of 13.92% and a return on equity of 16.19%. The firm had revenue of $467.20 million during the quarter, compared to analysts’ expectations of $456.93 million. During the same period in the prior year, the company posted $0.08 EPS. The company’s revenue was up 36.9% compared to the same quarter last year.

EDU has been the topic of several recent analyst reports. Zacks Investment Research raised shares of New Oriental Education & Tech Grp from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Jefferies Group reissued a “buy” rating and issued a $109.00 target price on shares of New Oriental Education & Tech Grp in a research note on Thursday, October 26th. CLSA downgraded shares of New Oriental Education & Tech Grp from an “outperform” rating to an “underperform” rating in a research note on Tuesday, October 24th. Vetr downgraded shares of New Oriental Education & Tech Grp from a “buy” rating to a “hold” rating and set a $94.84 target price on the stock. in a research note on Tuesday, October 10th. Finally, JPMorgan Chase & Co. raised their price target on shares of New Oriental Education & Tech Grp from $70.00 to $72.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. New Oriental Education & Tech Grp has a consensus rating of “Buy” and a consensus target price of $98.95.

Shares of New Oriental Education & Tech Grp (NYSE:EDU) opened at $86.74 on Friday. New Oriental Education & Tech Grp has a 12 month low of $47.12 and a 12 month high of $108.40. The firm has a market cap of $13,889.11, a price-to-earnings ratio of 48.66, a PEG ratio of 1.45 and a beta of 1.38.

A number of hedge funds have recently bought and sold shares of EDU. PNC Financial Services Group Inc. increased its stake in New Oriental Education & Tech Grp by 2.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,513 shares of the company’s stock worth $107,000 after buying an additional 35 shares during the period. Advisor Group Inc. increased its position in New Oriental Education & Tech Grp by 182.5% during the 2nd quarter. Advisor Group Inc. now owns 1,743 shares of the company’s stock valued at $123,000 after purchasing an additional 1,126 shares during the period. Envestnet Asset Management Inc. increased its position in New Oriental Education & Tech Grp by 88.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,628 shares of the company’s stock valued at $144,000 after purchasing an additional 766 shares during the period. Mackenzie Financial Corp purchased a new position in New Oriental Education & Tech Grp during the 3rd quarter valued at about $227,000. Finally, Quantitative Systematic Strategies LLC purchased a new position in New Oriental Education & Tech Grp during the 4th quarter valued at about $235,000. 76.67% of the stock is currently owned by institutional investors.

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About New Oriental Education & Tech Grp

New Oriental Education & Technology Group Inc is a provider of private educational services in the People’s Republic of China (the PRC). The Company provides educational services under its New Oriental brand. The Company operates through seven segments, which include language training and test preparation, primary and secondary school education, online education, content development and distribution, pre-school education, overseas study consulting services and study tour.

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

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