New Oriental Education & Tech Grp (EDU) Posts Earnings Results, Misses Expectations By $0.03 EPS

New Oriental Education & Tech Grp (NYSE:EDU) announced its quarterly earnings data on Tuesday. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03), RTT News reports. New Oriental Education & Tech Grp had a return on equity of 17.32% and a net margin of 15.15%. The company had revenue of $467.20 million for the quarter, compared to analyst estimates of $456.93 million. During the same period last year, the firm earned $0.08 earnings per share. The firm’s revenue for the quarter was up 36.9% on a year-over-year basis.

New Oriental Education & Tech Grp (NYSE EDU) opened at $98.94 on Tuesday. The firm has a market capitalization of $15,640.00, a PE ratio of 53.77, a price-to-earnings-growth ratio of 1.58 and a beta of 1.31. New Oriental Education & Tech Grp has a twelve month low of $46.35 and a twelve month high of $108.40.

A number of brokerages recently commented on EDU. Zacks Investment Research cut New Oriental Education & Tech Grp from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Bank of America raised New Oriental Education & Tech Grp from a “neutral” rating to a “buy” rating and set a $105.00 price objective for the company in a research note on Monday, September 25th. Deutsche Bank began coverage on New Oriental Education & Tech Grp in a research note on Thursday, January 4th. They set a “buy” rating and a $116.00 price objective for the company. Vetr cut 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. Finally, CLSA upgraded New Oriental Education & Tech Grp from an “underperform” rating to an “outperform” rating in a report on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. New Oriental Education & Tech Grp presently has a consensus rating of “Buy” and a consensus target price of $99.51.

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New Oriental Education & Tech Grp 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 & Tech Grp (NYSE:EDU)

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