New Oriental (EDU) Expected to Post Earnings of $0.51 Per Share

Equities research analysts expect that New Oriental (NYSE:EDU) will announce earnings of $0.51 per share for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for New Oriental’s earnings. New Oriental reported earnings per share of $0.48 in the same quarter last year, which suggests a positive year-over-year growth rate of 6.3%. The firm is scheduled to issue its next quarterly earnings report before the market opens on Tuesday, April 24th.

On average, analysts expect that New Oriental will report full year earnings of $2.16 per share for the current year, with EPS estimates ranging from $2.12 to $2.20. For the next year, analysts expect that the business will report earnings of $2.92 per share, with EPS estimates ranging from $2.62 to $3.19. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for New Oriental.

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

Several analysts have recently issued reports on EDU shares. Zacks Investment Research upgraded New Oriental from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research report on Tuesday, March 27th. Benchmark upped their price objective on New Oriental from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Deutsche Bank started coverage on New Oriental in a research report on Thursday, January 4th. They issued a “buy” rating and a $116.00 price objective on the stock. ValuEngine downgraded New Oriental from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Finally, JPMorgan Chase upgraded New Oriental from an “underweight” rating to a “neutral” rating and set a $72.00 price objective on the stock in a research report on Monday, March 5th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. New Oriental has an average rating of “Buy” and an average target price of $100.18.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its position in New Oriental by 71.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 2,791 shares of the company’s stock worth $263,000 after buying an additional 1,163 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in New Oriental by 40.9% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 42,400 shares of the company’s stock worth $3,986,000 after buying an additional 12,300 shares during the period. J. Goldman & Co LP lifted its position in New Oriental by 4.4% during the fourth quarter. J. Goldman & Co LP now owns 58,139 shares of the company’s stock worth $5,465,000 after buying an additional 2,439 shares during the period. BB&T Securities LLC lifted its position in New Oriental by 16.6% during the fourth quarter. BB&T Securities LLC now owns 5,171 shares of the company’s stock worth $486,000 after buying an additional 735 shares during the period. Finally, LPL Financial LLC lifted its position in New Oriental by 96.1% during the fourth quarter. LPL Financial LLC now owns 6,185 shares of the company’s stock worth $581,000 after buying an additional 3,031 shares during the period. Hedge funds and other institutional investors own 79.65% of the company’s stock.

Shares of NYSE:EDU traded down $0.51 on Friday, hitting $91.11. The company had a trading volume of 2,818,638 shares, compared to its average volume of 1,831,734. New Oriental has a 52-week low of $61.77 and a 52-week high of $108.40. The company has a market capitalization of $14,767.42, a P/E ratio of 52.36, a P/E/G ratio of 1.53 and a beta of 1.32.

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New Oriental Company Profile

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People's Republic of China. The company operates through 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 segments.

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Earnings History and Estimates for New Oriental (NYSE:EDU)

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