Analysts Anticipate TAL Education Group (TAL) to Post $0.05 EPS
Analysts expect that TAL Education Group (NYSE:TAL) will report earnings of $0.05 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for TAL Education Group’s earnings. TAL Education Group posted earnings of $0.12 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 58.3%. The company is expected to issue its next earnings report on Thursday, October 26th.
On average, analysts expect that TAL Education Group will report full-year earnings of $0.34 per share for the current year, with EPS estimates ranging from $0.32 to $0.35. For the next fiscal year, analysts anticipate that the business will post earnings of $0.56 per share, with EPS estimates ranging from $0.50 to $0.67. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover TAL Education Group.
TAL Education Group (NYSE:TAL) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.02. TAL Education Group had a return on equity of 19.47% and a net margin of 11.14%. The business had revenue of $321.90 million during the quarter, compared to analyst estimates of $306.46 million. The firm’s quarterly revenue was up 65.0% on a year-over-year basis.
A number of research firms have weighed in on TAL. Zacks Investment Research cut shares of TAL Education Group from a “buy” rating to a “hold” rating in a research note on Tuesday. Jefferies Group LLC boosted their target price on shares of TAL Education Group to $35.00 and gave the company a “buy” rating in a research note on Monday. Morgan Stanley began coverage on shares of TAL Education Group in a research note on Friday, August 25th. They issued an “overweight” rating and a $37.00 target price on the stock. UBS AG began coverage on shares of TAL Education Group in a research note on Tuesday, August 1st. They issued a “buy” rating on the stock. Finally, J P Morgan Chase & Co boosted their target price on shares of TAL Education Group to $31.67 and gave the company an “overweight” rating in a research note on Thursday, July 27th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. TAL Education Group currently has a consensus rating of “Buy” and a consensus target price of $25.76.
A number of institutional investors have recently added to or reduced their stakes in TAL. Xact Kapitalforvaltning AB bought a new position in TAL Education Group during the second quarter worth approximately $734,000. Greenleaf Trust bought a new position in TAL Education Group during the second quarter worth approximately $229,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new position in TAL Education Group during the second quarter worth approximately $1,260,000. Seatown Holdings Pte. Ltd. bought a new position in TAL Education Group during the second quarter worth approximately $13,555,000. Finally, Candriam Luxembourg S.C.A. bought a new position in TAL Education Group during the second quarter worth approximately $13,124,000. 8.63% of the stock is owned by institutional investors and hedge funds.
Shares of TAL Education Group (NYSE:TAL) opened at 29.26 on Wednesday. The company’s 50 day moving average price is $26.27 and its 200 day moving average price is $20.22. The stock has a market capitalization of $14.46 billion, a price-to-earnings ratio of 120.41 and a beta of 0.26. TAL Education Group has a one year low of $9.87 and a one year high of $32.33.
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About TAL Education Group
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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