Brokerages Expect TAL Education Group (TAL) Will Announce Earnings of $0.08 Per Share

Wall Street brokerages expect TAL Education Group (NYSE:TAL) to post earnings per share of $0.08 for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for TAL Education Group’s earnings. TAL Education Group reported earnings of $0.04 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 100%. The company is scheduled to announce its next quarterly earnings report before the market opens on Thursday, January 25th.

According to Zacks, analysts expect that TAL Education Group will report full-year earnings of $0.35 per share for the current fiscal year, with EPS estimates ranging from $0.32 to $0.37. For the next year, analysts forecast that the business will report earnings of $0.61 per share, with EPS estimates ranging from $0.58 to $0.64. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for TAL Education Group.

TAL Education Group (NYSE:TAL) last announced its earnings results on Thursday, October 26th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). The company had revenue of $455.80 million during the quarter, compared to analysts’ expectations of $441.18 million. TAL Education Group had a net margin of 9.90% and a return on equity of 18.17%. The firm’s quarterly revenue was up 68.1% compared to the same quarter last year.

A number of equities research analysts recently weighed in on TAL shares. Bank of America reaffirmed a “buy” rating and issued a $40.30 target price (up from $29.10) on shares of TAL Education Group in a research note on Monday, September 25th. Zacks Investment Research raised shares of TAL Education Group from a “hold” rating to a “strong-buy” rating and set a $39.00 target price on the stock in a research note on Thursday, October 26th. Macquarie downgraded shares of TAL Education Group from an “outperform” rating to a “neutral” rating in a research note on Friday, October 27th. ValuEngine downgraded shares of TAL Education Group from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Finally, Deutsche Bank assumed coverage on shares of TAL Education Group in a research note on Thursday, January 4th. They set a “buy” rating and a $35.00 price target on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $31.55.

Several hedge funds have recently bought and sold shares of TAL. Baillie Gifford & Co. raised its stake in shares of TAL Education Group by 530.5% during the third quarter. Baillie Gifford & Co. now owns 23,724,100 shares of the company’s stock worth $799,739,000 after acquiring an additional 19,961,398 shares in the last quarter. Greenwoods Asset Management Ltd raised its stake in shares of TAL Education Group by 474.7% during the third quarter. Greenwoods Asset Management Ltd now owns 6,626,686 shares of the company’s stock worth $223,386,000 after acquiring an additional 5,473,555 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of TAL Education Group by 501.8% in the third quarter. Principal Financial Group Inc. now owns 4,816,308 shares of the company’s stock worth $162,358,000 after purchasing an additional 4,015,962 shares during the last quarter. Thornburg Investment Management Inc. grew its holdings in shares of TAL Education Group by 1,386.4% in the third quarter. Thornburg Investment Management Inc. now owns 3,353,831 shares of the company’s stock worth $113,058,000 after purchasing an additional 3,128,201 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC grew its holdings in shares of TAL Education Group by 1,096.6% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 2,530,746 shares of the company’s stock worth $85,311,000 after purchasing an additional 2,319,259 shares during the last quarter. 51.03% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TAL Education Group (NYSE:TAL) traded down $0.75 on Tuesday, reaching $27.91. 10,812,073 shares of the company were exchanged, compared to its average volume of 6,640,066. The stock has a market capitalization of $13,940.00, a P/E ratio of 111.64, a P/E/G ratio of 1.43 and a beta of 0.19. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.14 and a quick ratio of 1.14. TAL Education Group has a 1-year low of $13.00 and a 1-year high of $36.16.

COPYRIGHT VIOLATION WARNING: “Brokerages Expect TAL Education Group (TAL) Will Announce Earnings of $0.08 Per Share” was originally posted by American Banking News and is the property of of American Banking News. If you are reading this article on another domain, it was illegally copied and republished in violation of United States and international copyright law. The legal version of this article can be accessed at https://www.americanbankingnews.com/2018/01/23/brokerages-expect-tal-education-group-tal-will-announce-earnings-of-0-08-per-share.html.

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.

Get a free copy of the Zacks research report on TAL Education Group (TAL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for TAL Education Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TAL Education Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply