Brokerages Anticipate TAL Education Group (NYSE:TAL) to Announce $0.13 EPS

Equities research analysts expect that TAL Education Group (NYSE:TAL) will post earnings per share of $0.13 for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for TAL Education Group’s earnings. TAL Education Group posted earnings of $0.14 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 7.1%. The company is expected to report its next quarterly earnings results before the market opens on Thursday, July 25th.

According to Zacks, analysts expect that TAL Education Group will report full-year earnings of $0.82 per share for the current year, with EPS estimates ranging from $0.76 to $0.88. For the next financial year, analysts anticipate that the company will report earnings of $1.17 per share, with EPS estimates ranging from $1.01 to $1.27. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover TAL Education Group.

TAL Education Group (NYSE:TAL) last released its earnings results on Thursday, April 25th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.06. TAL Education Group had a return on equity of 18.28% and a net margin of 14.33%. The business had revenue of $726.60 million for the quarter, compared to analyst estimates of $685.64 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. TAL Education Group’s revenue was up 44.1% on a year-over-year basis.

TAL has been the topic of several analyst reports. Morgan Stanley upped their target price on Intuit from $225.00 to $245.00 and gave the stock an “equal weight” rating in a report on Monday, March 25th. Daiwa Capital Markets upgraded TAL Education Group from a “neutral” rating to an “outperform” rating in a report on Friday, April 26th. Zacks Investment Research lowered W. R. Grace & Co from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Tigress Financial reiterated a “buy” rating on shares of TAL Education Group in a report on Tuesday, July 2nd. Finally, Jefferies Financial Group lowered Reliance Steel & Aluminum from a “buy” rating to a “hold” rating and dropped their target price for the stock from $105.00 to $100.00 in a report on Friday, April 26th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $40.32.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jump Trading LLC acquired a new position in shares of TAL Education Group in the fourth quarter valued at approximately $433,000. Greenwoods Asset Management Ltd grew its position in shares of TAL Education Group by 20.9% in the first quarter. Greenwoods Asset Management Ltd now owns 1,148,600 shares of the company’s stock valued at $41,441,000 after purchasing an additional 198,800 shares during the last quarter. Brookstone Capital Management grew its position in shares of TAL Education Group by 20.5% in the first quarter. Brookstone Capital Management now owns 11,433 shares of the company’s stock valued at $413,000 after purchasing an additional 1,948 shares during the last quarter. American Century Companies Inc. grew its position in shares of TAL Education Group by 9.4% in the fourth quarter. American Century Companies Inc. now owns 1,227,094 shares of the company’s stock valued at $32,739,000 after purchasing an additional 105,355 shares during the last quarter. Finally, Legal & General Group Plc grew its position in shares of TAL Education Group by 26.8% in the fourth quarter. Legal & General Group Plc now owns 2,057,903 shares of the company’s stock valued at $54,905,000 after purchasing an additional 435,420 shares during the last quarter. 60.07% of the stock is currently owned by hedge funds and other institutional investors.

TAL traded down $0.01 on Thursday, hitting $37.19. 99,053 shares of the company were exchanged, compared to its average volume of 2,480,439. TAL Education Group has a 12 month low of $21.08 and a 12 month high of $41.60. The company has a market cap of $20.35 billion, a P/E ratio of 60.92 and a beta of 0.30. The company has a fifty day moving average price of $36.64.

TAL Education Group Company Profile

TAL Education Group 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. The company also provides tutoring services primarily through small classes under the Xueersi, Mobby, and Firstleap brand names; personalized premium services under Izhikang name; and online courses.

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