Zacks: Analysts Anticipate New Oriental Education & Tech Grp (EDU) to Announce $0.16 EPS

Equities research analysts forecast that New Oriental Education & Tech Grp (NYSE:EDU) will announce earnings per share (EPS) of $0.16 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for New Oriental Education & Tech Grp’s earnings. New Oriental Education & Tech Grp posted earnings of $0.08 per share in the same quarter last year, which would suggest a positive year over year growth rate of 100%. The firm is expected to report its next earnings report before the market opens on Tuesday, January 23rd.

According to Zacks, analysts expect that New Oriental Education & Tech Grp will report full-year earnings of $2.23 per share for the current year, with EPS estimates ranging from $2.12 to $2.35. For the next financial year, analysts forecast that the firm will report earnings of $2.96 per share, with EPS estimates ranging from $2.45 to $3.30. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover New Oriental Education & Tech Grp.

New Oriental Education & Tech Grp (NYSE:EDU) last released its quarterly earnings data on Tuesday, October 24th. The company reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.04). New Oriental Education & Tech Grp had a net margin of 15.15% and a return on equity of 17.32%. The business had revenue of $661.20 million during the quarter, compared to analyst estimates of $643.90 million. During the same period in the previous year, the firm posted $0.90 EPS. The firm’s revenue for the quarter was up 23.8% on a year-over-year basis.

EDU has been the subject of several analyst reports. Zacks Investment Research raised shares of New Oriental Education & Tech Grp from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Jefferies Group reaffirmed a “buy” rating and issued a $109.00 price objective on shares of New Oriental Education & Tech Grp in a research note on Thursday, October 26th. Vetr lowered shares of New Oriental Education & Tech Grp from a “buy” rating to a “hold” rating and set a $94.84 price objective for the company. in a research note on Tuesday, October 10th. Deutsche Bank began coverage on shares of New Oriental Education & Tech Grp in a research report on Thursday, January 4th. They set a “buy” rating and a $116.00 target price for the company. Finally, CLSA raised shares of New Oriental Education & Tech Grp from an “underperform” rating to an “outperform” rating in a research report on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. New Oriental Education & Tech Grp has a consensus rating of “Buy” and an average target price of $99.51.

A number of institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. increased its holdings in shares of New Oriental Education & Tech Grp by 2.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,513 shares of the company’s stock worth $107,000 after purchasing an additional 35 shares during the period. Advisor Group Inc. increased its holdings in shares of New Oriental Education & Tech Grp by 182.5% during the 2nd quarter. Advisor Group Inc. now owns 1,743 shares of the company’s stock worth $123,000 after purchasing an additional 1,126 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of New Oriental Education & Tech Grp by 88.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,628 shares of the company’s stock worth $144,000 after purchasing an additional 766 shares during the period. Stevens Capital Management LP bought a new position in shares of New Oriental Education & Tech Grp during the 2nd quarter worth about $207,000. Finally, Mackenzie Financial Corp bought a new position in shares of New Oriental Education & Tech Grp during the 3rd quarter worth about $227,000. 77.28% of the stock is owned by hedge funds and other institutional investors.

Shares of New Oriental Education & Tech Grp (NYSE EDU) opened at $102.25 on Thursday. New Oriental Education & Tech Grp has a 52 week low of $46.35 and a 52 week high of $108.40. The stock has a market cap of $16,170.00, a price-to-earnings ratio of 55.57, a P/E/G ratio of 1.56 and a beta of 1.31.

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About New Oriental Education & Tech Grp

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.

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