New Oriental Education & Tech. Group (EDU) Announces Quarterly Earnings, Beats Estimates By $0.05 EPS
New Oriental Education & Tech. Group (NYSE:EDU) posted its quarterly earnings results on Wednesday. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.05, AnalystRatingsNetwork.com reports. The company had revenue of $388.70 million for the quarter, compared to the consensus estimate of $397.90 million.
New Oriental Education & Tech. Group (NYSE:EDU) opened at 26.63 on Wednesday. New Oriental Education & Tech. Group has a one year low of $13.26 and a one year high of $24.42. The stock’s 50-day moving average is $22.4 and its 200-day moving average is $20.20. The company has a market cap of $4.173 billion and a price-to-earnings ratio of 30.72.
EDU has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of New Oriental Education & Tech. Group from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday. They now have a $28.60 price target on the stock. On the ratings front, analysts at Wells Fargo & Co. reiterated an “outperform” rating on shares of New Oriental Education & Tech. Group in a research note to investors on Monday, September 16th. They now have a $34.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $28.18.
New Oriental Education & Technology Group Inc is a provider of private educational services in China based on the number of program offerings, total student enrollments and geographic presence.
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