Nord Anglia Education Inc. (NORD) Updates FY17 Earnings Guidance
Nord Anglia Education Inc. (NYSE:NORD) issued an update on its FY17 earnings guidance on Monday morning. The company provided earnings per share guidance of $0.64-0.69 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.69. The company issued revenue guidance of $925-945 million, compared to the consensus revenue estimate of $943.35 million.
A number of research firms recently weighed in on NORD. Barclays PLC restated a buy rating on shares of Nord Anglia Education in a research note on Saturday, July 9th. Zacks Investment Research upgraded Nord Anglia Education from a sell rating to a hold rating in a research note on Friday, July 1st. JPMorgan Chase & Co. lifted their price target on Nord Anglia Education from $23.00 to $24.00 and gave the company an overweight rating in a research note on Tuesday, August 9th. Finally, Credit Suisse Group AG restated a buy rating on shares of Nord Anglia Education in a research note on Friday, August 26th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $24.71.
Nord Anglia Education Inc. (NYSE:NORD) opened at 22.00 on Monday. Nord Anglia Education Inc. has a one year low of $14.58 and a one year high of $23.88. The firm has a market capitalization of $2.29 billion, a PE ratio of 160.58 and a beta of 0.91. The company’s 50-day moving average price is $21.85 and its 200 day moving average price is $21.68.
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Nord Anglia Education (NYSE:NORD) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The firm earned $253.80 million during the quarter, compared to analyst estimates of $247.57 million. Nord Anglia Education had a return on equity of 20.31% and a net margin of 2.06%. The firm’s quarterly revenue was up 49.3% on a year-over-year basis. During the same period last year, the company posted $0.24 EPS. On average, analysts forecast that Nord Anglia Education Inc. will post $0.64 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its position in shares of Nord Anglia Education by 445.7% in the second quarter. JPMorgan Chase & Co. now owns 4,900 shares of the company’s stock worth $104,000 after buying an additional 4,002 shares during the last quarter. Vanguard Group Inc. purchased a new position in shares of Nord Anglia Education during the second quarter worth about $202,000. BlackRock Fund Advisors purchased a new position in shares of Nord Anglia Education during the second quarter worth about $484,000. BlackRock Group LTD raised its position in shares of Nord Anglia Education by 74.2% in the second quarter. BlackRock Group LTD now owns 8,959 shares of the company’s stock worth $189,000 after buying an additional 3,817 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Nord Anglia Education by 149.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 189,826 shares of the company’s stock worth $4,013,000 after buying an additional 113,761 shares during the last quarter. 31.51% of the stock is owned by hedge funds and other institutional investors.
About Nord Anglia Education
Nord Anglia Education, Inc is an operator of premium international schools. The principal activities of the Company consist of premium schools and associated activities in China, which includes the People’s Republic of China and Hong Kong Special Administrative Region (SAR); Europe, which includes Switzerland, Slovakia, Hungary, Czech Republic, Spain and Poland; Middle East/South East Asia (ME/SEA), which includes the United Arab Emirates, Qatar, Thailand, Singapore, Cambodia and Vietnam, and North America, which includes the United States and Mexico.
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