Zacks: Analysts Anticipate TAL Education Group (NYSE:TAL) Will Post Earnings of $0.16 Per Share
Equities research analysts predict that TAL Education Group (NYSE:TAL) will report earnings of $0.16 per share for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for TAL Education Group’s earnings. TAL Education Group also reported earnings of $0.16 per share in the same quarter last year. The business is expected to announce its next earnings results before the market opens on Thursday, July 27th.
According to Zacks, analysts expect that TAL Education Group will report full-year earnings of $1.97 per share for the current year, with EPS estimates ranging from $1.82 to $2.13. For the next financial year, analysts expect that the business will report earnings of $3.06 per share, with EPS estimates ranging from $2.60 to $3.54. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover TAL Education Group.
TAL Education Group (NYSE:TAL) last released its quarterly earnings results on Thursday, April 27th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.09. TAL Education Group had a net margin of 11.00% and a return on equity of 18.23%. The company had revenue of $316.30 million for the quarter, compared to analysts’ expectations of $288.53 million. The firm’s quarterly revenue was up 80.7% compared to the same quarter last year.
Several analysts have issued reports on the company. Citigroup Inc. assumed coverage on TAL Education Group in a report on Tuesday, July 18th. They set a “neutral” rating and a $150.00 price objective on the stock. Benchmark Co. boosted their price objective on TAL Education Group to $137.00 and gave the stock a “buy” rating in a report on Thursday, April 27th. Goldman Sachs Group, Inc. (The) downgraded TAL Education Group from a “buy” rating to a “neutral” rating and set a $133.00 price objective on the stock. in a report on Tuesday, May 16th. Macquarie assumed coverage on TAL Education Group in a report on Thursday, June 29th. They set an “outperform” rating and a $165.00 price objective on the stock. Finally, J P Morgan Chase & Co reiterated a “buy” rating and issued a $123.00 target price on shares of TAL Education Group in a report on Tuesday, March 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. TAL Education Group has an average rating of “Buy” and a consensus target price of $120.50.
Several institutional investors have recently modified their holdings of TAL. Greenleaf Trust purchased a new stake in shares of TAL Education Group during the second quarter valued at approximately $229,000. Insight Capital Research & Management Inc. bought a new stake in shares of TAL Education Group during the second quarter worth about $755,000. APG Asset Management N.V. bought a new stake in shares of TAL Education Group during the second quarter worth about $1,870,000. TB Alternative Assets Ltd. bought a new stake in shares of TAL Education Group during the second quarter worth about $63,729,000. Finally, US Bancorp DE bought a new stake in shares of TAL Education Group during the second quarter worth about $584,000. Institutional investors own 57.68% of the company’s stock.
TAL Education Group (TAL) traded up 1.50% during midday trading on Monday, hitting $147.92. 560,676 shares of the company’s stock traded hands. The company has a market capitalization of $12.35 billion, a PE ratio of 112.06 and a beta of 0.21. The company has a 50 day moving average of $126.55 and a 200-day moving average of $105.60. TAL Education Group has a 52 week low of $57.63 and a 52 week high of $151.03.
TAL Education Group Company Profile
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 (the PRC). The Company is a K-12 after-school tutoring services provider in China. The Company’s Xueersi Peiyou small classes course consists of approximately four semesters, which include approximately two school semesters in Spring and Fall, and approximately two holiday semesters in summer and winter.
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