TAL Education Group (TAL) to Post FY2019 Earnings of $0.59 Per Share, Jefferies Group Forecasts

TAL Education Group (NYSE:TAL) – Equities research analysts at Jefferies Group upped their FY2019 earnings per share (EPS) estimates for TAL Education Group in a research note issued on Thursday, according to Zacks Investment Research. Jefferies Group analyst now expects that the company will earn $0.59 per share for the year, up from their previous estimate of $0.51. Jefferies Group also issued estimates for TAL Education Group’s FY2020 earnings at $0.90 EPS.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of TAL Education Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. ValuEngine cut shares of TAL Education Group from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Macquarie cut shares of TAL Education Group from an “outperform” rating to a “neutral” rating in a research report on Friday, October 27th. Finally, Deutsche Bank assumed coverage on shares of TAL Education Group in a research report on Thursday, January 4th. They set a “buy” rating and a $35.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $31.55.

Shares of TAL Education Group (TAL) opened at $32.46 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 1.07. The firm has a market cap of $15,198.72, a PE ratio of 109.73 and a beta of 0.40. TAL Education Group has a 1 year low of $13.50 and a 1 year high of $36.16.

A number of institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC bought a new position in TAL Education Group during the 2nd quarter worth approximately $154,000. QS Investors LLC bought a new position in TAL Education Group in the second quarter valued at approximately $208,000. Dynamic Technology Lab Private Ltd bought a new position in TAL Education Group in the second quarter valued at approximately $293,000. Nippon Life Insurance Co. lifted its stake in TAL Education Group by 500.0% in the third quarter. Nippon Life Insurance Co. now owns 3,708 shares of the company’s stock valued at $125,000 after buying an additional 3,090 shares in the last quarter. Finally, Caxton Associates LP bought a new position in TAL Education Group in the second quarter valued at approximately $404,000. 50.92% of the stock is currently owned by institutional investors and hedge funds.

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TAL Education Group Company Profile

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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