$0.11 Earnings Per Share Expected for RISE Education Cayman (REDU) This Quarter

Wall Street analysts forecast that RISE Education Cayman (NASDAQ:REDU) will post earnings of $0.11 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have made estimates for RISE Education Cayman’s earnings. The firm is expected to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that RISE Education Cayman will report full-year earnings of $0.48 per share for the current fiscal year. For the next financial year, analysts forecast that the firm will post earnings of $0.68 per share. Zacks’ EPS averages are an average based on a survey of analysts that that provide coverage for RISE Education Cayman.

RISE Education Cayman (NASDAQ:REDU) last released its quarterly earnings results on Thursday, May 10th. The company reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.45. The firm had revenue of $43.07 million for the quarter.



REDU has been the subject of several research reports. Zacks Investment Research raised RISE Education Cayman from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Wednesday, April 4th. Credit Suisse Group initiated coverage on RISE Education Cayman in a report on Tuesday, May 29th. They set an “outperform” rating for the company. Finally, UBS Group assumed coverage on RISE Education Cayman in a report on Thursday, June 7th. They set a “buy” rating for the company.

NASDAQ:REDU opened at $14.50 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.59. RISE Education Cayman has a 1-year low of $9.50 and a 1-year high of $18.60.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dalton Investments LLC acquired a new position in RISE Education Cayman in the 4th quarter valued at $1,035,000. GCA Investment Management LLC acquired a new position in RISE Education Cayman in the 4th quarter valued at $370,000. Tiger Pacific Capital LP acquired a new position in RISE Education Cayman in the 4th quarter valued at $3,385,000. Lazard Asset Management LLC acquired a new position in RISE Education Cayman in the 4th quarter valued at $27,292,000. Finally, Morse Asset Management Inc acquired a new position in RISE Education Cayman in the 1st quarter valued at $221,000. 10.59% of the stock is owned by hedge funds and other institutional investors.

RISE Education Cayman Company Profile

RISE Education Cayman Ltd, through its subsidiaries, provides junior English language training services under the RISE brand name in the People's Republic of China. The company offers a range of educational programs, services, and products, including educational courses, sale of course materials, franchise services, and study tours.

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