New Oriental Education & Technology Group, Inc. (NYSE:EDU) announced its quarterly earnings data on Tuesday. The company reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.04), MarketWatch Earnings reports. New Oriental Education & Technology Group had a return on equity of 17.02% and a net margin of 15.25%. The business had revenue of $661.20 million for the quarter, compared to the consensus estimate of $643.90 million. During the same quarter in the prior year, the company earned $0.90 earnings per share. New Oriental Education & Technology Group’s quarterly revenue was up 23.8% compared to the same quarter last year.

New Oriental Education & Technology Group (NYSE EDU) opened at 92.12 on Wednesday. The firm has a 50-day moving average price of $89.13 and a 200-day moving average price of $77.64. The firm has a market cap of $14.57 billion, a PE ratio of 52.94 and a beta of 1.33. New Oriental Education & Technology Group has a one year low of $37.16 and a one year high of $94.63.

Several analysts recently weighed in on the company. CLSA downgraded New Oriental Education & Technology Group from an “outperform” rating to an “underperform” rating in a research report on Tuesday. Vetr downgraded New Oriental Education & Technology Group from a “buy” rating to a “hold” rating and set a $94.84 price objective for the company. in a research report on Tuesday, October 10th. Benchmark Co. upped their price objective on New Oriental Education & Technology Group from $94.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, October 6th. Zacks Investment Research upgraded New Oriental Education & Technology Group from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research report on Tuesday, September 26th. Finally, Bank of America Corporation raised New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating and set a $105.00 target price for the company in a report on Monday, September 25th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $86.34.

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New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group Inc is a provider of private educational services in the People’s Republic of China (the PRC). The Company provides educational services under its New Oriental brand. The Company operates through seven segments, which include language training and test preparation, primary and secondary school education, online education, content development and distribution, pre-school education, overseas study consulting services and study tour.

Earnings History for New Oriental Education & Technology Group (NYSE:EDU)

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