New Oriental Education & Technology Group, Inc. (NYSE:EDU) declared a special dividend on Tuesday, July 25th, RTT News reports. Investors of record on Wednesday, September 6th will be given a dividend of 0.45 per share on Friday, October 6th. The ex-dividend date is Friday, September 1st. This is a boost from New Oriental Education & Technology Group’s previous special dividend of $0.40.
Shares of New Oriental Education & Technology Group (NYSE EDU) opened at 77.79 on Friday. The firm’s 50-day moving average is $79.71 and its 200-day moving average is $67.21. The stock has a market capitalization of $12.27 billion, a price-to-earnings ratio of 44.71 and a beta of 1.40. New Oriental Education & Technology Group has a 52 week low of $37.16 and a 52 week high of $86.88.
New Oriental Education & Technology Group (NYSE:EDU) last announced its quarterly earnings data on Tuesday, July 25th. The company reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.03. New Oriental Education & Technology Group had a net margin of 15.25% and a return on equity of 17.02%. The company had revenue of $486.40 million during the quarter, compared to analyst estimates of $477.81 million. During the same quarter last year, the business earned $0.29 EPS. The firm’s revenue for the quarter was up 23.2% on a year-over-year basis. Analysts forecast that New Oriental Education & Technology Group will post $2.37 earnings per share for the current fiscal year.
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Several analysts recently commented on EDU shares. Goldman Sachs Group, Inc. (The) upgraded shares of New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 16th. Zacks Investment Research upgraded shares of New Oriental Education & Technology Group from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a research note on Tuesday, July 18th. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $62.00 price objective on shares of New Oriental Education & Technology Group in a research note on Wednesday, May 17th. Morgan Stanley started coverage on shares of New Oriental Education & Technology Group in a research note on Friday. They issued an “overweight” rating and a $100.00 price objective for the company. Finally, UBS AG started coverage on shares of New Oriental Education & Technology Group in a research note on Tuesday, August 1st. They issued a “buy” rating and a $96.75 price objective for the company. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $79.32.
About New Oriental Education & Technology Group
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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