Equities analysts expect TAL Education Group (NYSE:TAL) to report earnings of $0.11 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 reported earnings of $0.09 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 22.2%. The firm is scheduled to issue its next earnings results on Thursday, January 24th.
According to Zacks, analysts expect that TAL Education Group will report full year earnings of $0.55 per share for the current year, with EPS estimates ranging from $0.51 to $0.57. For the next fiscal year, analysts anticipate that the business will post earnings of $0.88 per share, with EPS estimates ranging from $0.76 to $1.02. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that cover TAL Education Group.
TAL Education Group (NYSE:TAL) last announced its quarterly earnings results on Thursday, October 25th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. TAL Education Group had a net margin of 11.61% and a return on equity of 17.17%. The company had revenue of $699.78 million during the quarter.
A number of equities research analysts recently weighed in on the stock. Nomura cut their price objective on shares of TAL Education Group from $39.00 to $28.00 and set a “neutral” rating on the stock in a research note on Friday, October 26th. ValuEngine upgraded shares of TAL Education Group from a “strong sell” rating to a “sell” rating in a research note on Friday, October 26th. Macquarie upgraded shares of TAL Education Group from a “neutral” rating to an “outperform” rating in a research note on Monday, October 15th. TheStreet cut shares of TAL Education Group from a “b-” rating to a “c+” rating in a research note on Tuesday, October 9th. Finally, Zacks Investment Research cut shares of TAL Education Group from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. TAL Education Group currently has a consensus rating of “Hold” and an average price target of $41.00.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Xact Kapitalforvaltning AB raised its position in TAL Education Group by 2.6% in the second quarter. Xact Kapitalforvaltning AB now owns 58,300 shares of the company’s stock worth $2,145,000 after acquiring an additional 1,500 shares in the last quarter. KBC Group NV raised its position in TAL Education Group by 7.2% in the second quarter. KBC Group NV now owns 31,444 shares of the company’s stock worth $1,157,000 after acquiring an additional 2,113 shares in the last quarter. Tower Research Capital LLC TRC raised its position in TAL Education Group by 107.0% in the second quarter. Tower Research Capital LLC TRC now owns 4,581 shares of the company’s stock worth $169,000 after acquiring an additional 2,368 shares in the last quarter. Standard Life Aberdeen plc raised its position in TAL Education Group by 3.1% in the second quarter. Standard Life Aberdeen plc now owns 85,599 shares of the company’s stock worth $3,150,000 after acquiring an additional 2,600 shares in the last quarter. Finally, Atria Investments LLC raised its position in TAL Education Group by 19.2% in the second quarter. Atria Investments LLC now owns 16,984 shares of the company’s stock worth $625,000 after acquiring an additional 2,741 shares in the last quarter. Institutional investors and hedge funds own 61.00% of the company’s stock.
Shares of TAL opened at $28.98 on Thursday. TAL Education Group has a 1 year low of $21.08 and a 1 year high of $47.63. The firm has a market cap of $13.64 billion, a PE ratio of 85.24 and a beta of 0.04. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.28 and a quick ratio of 1.28.
About TAL Education Group
TAL Education Group, through its subsidiaries, provides K-12 after-school tutoring services in the People's Republic of China. It offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese.
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