TAL Education Group (XRS) Posts Quarterly Earnings, Beats Estimates By $0.08 EPS
TAL Education Group (NYSE:XRS) posted its quarterly earnings results on Wednesday. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.11 by $0.08, American Banking & Market News reports. The company had revenue of $73.50 million for the quarter, compared to the consensus estimate of $70.75 million.
Several analysts have recently commented on the stock. Analysts at BNP Paribas initiated coverage on shares of TAL Education Group in a research note to investors on Tuesday. They set a “buy” rating on the stock. On a related note, analysts at Jefferies Group raised their price target on shares of TAL Education Group to $26.00 in a research note to investors on Wednesday, January 8th. Finally, analysts at Zacks downgraded shares of TAL Education Group from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 24th. They now have a $21.20 price target on the stock. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $19.80.
TAL Education Group (NYSE:XRS) opened at 24.90 on Wednesday. TAL Education Group has a 1-year low of $8.16 and a 1-year high of $25.60. The stock has a 50-day moving average of $21.32 and a 200-day moving average of $16.21. The company has a market cap of $1.948 billion and a price-to-earnings ratio of 42.87.
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 (NYSE:XRS).
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