Zacks: Brokerages Anticipate TAL Education (TAL) to Announce $0.11 Earnings Per Share

Analysts predict that TAL Education (NYSE:TAL) will post earnings per share of $0.11 for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for TAL Education’s earnings. TAL Education posted earnings per share of $0.06 during the same quarter last year, which would indicate a positive year-over-year growth rate of 83.3%. The company is scheduled to report its next earnings results before the market opens on Thursday, April 26th.

According to Zacks, analysts expect that TAL Education will report full year earnings of $0.38 per share for the current year, with EPS estimates ranging from $0.37 to $0.39. For the next fiscal year, analysts forecast that the company will report earnings of $0.65 per share, with EPS estimates ranging from $0.59 to $0.75. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that follow TAL Education.

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TAL Education (NYSE:TAL) last issued its quarterly earnings data on Thursday, January 25th. The company reported $0.07 EPS for the quarter, hitting analysts’ consensus estimates of $0.07. The firm had revenue of $433.27 million during the quarter. TAL Education had a return on equity of 19.59% and a net margin of 10.55%.

A number of analysts have commented on TAL shares. Zacks Investment Research lowered TAL Education from a “buy” rating to a “hold” rating in a report on Thursday, December 28th. Deutsche Bank started coverage on TAL Education in a report on Thursday, January 4th. They set a “buy” rating and a $35.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $31.55.

Shares of TAL opened at $36.92 on Wednesday. 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 company has a market cap of $18,151.45, a price-to-earnings ratio of 167.82 and a beta of 0.34. TAL Education has a 52 week low of $17.77 and a 52 week high of $41.75.

Hedge funds have recently added to or reduced their stakes in the company. Capital One National Association bought a new position in shares of TAL Education in the fourth quarter valued at approximately $464,000. DnB Asset Management AS grew its holdings in shares of TAL Education by 110.6% in the fourth quarter. DnB Asset Management AS now owns 865,400 shares of the company’s stock valued at $25,711,000 after acquiring an additional 454,400 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of TAL Education by 3,150.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 19,500 shares of the company’s stock valued at $579,000 after acquiring an additional 18,900 shares in the last quarter. WIM Asset Management HK Ltd bought a new position in shares of TAL Education in the fourth quarter valued at approximately $12,784,000. Finally, D.A. Davidson & CO. bought a new position in shares of TAL Education in the fourth quarter valued at approximately $433,000. 55.94% of the stock is owned by institutional investors.

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TAL Education Company Profile

TAL Education Group, through its subsidiaries, provides K-12 after-school tutoring services in the People's Republic of China. It offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese.

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