Brokerages Anticipate New Oriental Education & Tech Grp (EDU) to Announce $0.55 Earnings Per Share

Equities analysts expect that New Oriental Education & Tech Grp (NYSE:EDU) will announce $0.55 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for New Oriental Education & Tech Grp’s earnings. New Oriental Education & Tech Grp posted earnings per share of $0.41 in the same quarter last year, which would indicate a positive year-over-year growth rate of 34.1%. The company is expected to announce its next quarterly earnings results on Tuesday, July 24th.

According to Zacks, analysts expect that New Oriental Education & Tech Grp will report full year earnings of $2.18 per share for the current financial year, with EPS estimates ranging from $2.12 to $2.23. For the next fiscal year, analysts forecast that the firm will report earnings of $2.95 per share, with EPS estimates ranging from $2.92 to $3.01. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that cover New Oriental Education & Tech Grp.

New Oriental Education & Tech Grp (NYSE:EDU) last issued its quarterly earnings results on Tuesday, April 24th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. New Oriental Education & Tech Grp had a return on equity of 15.23% and a net margin of 12.83%. The business had revenue of $618.10 million during the quarter, compared to analyst estimates of $601.84 million. During the same quarter in the prior year, the business posted $0.48 EPS. New Oriental Education & Tech Grp’s revenue for the quarter was up 41.2% compared to the same quarter last year.



A number of research analysts have recently weighed in on EDU shares. Zacks Investment Research upgraded New Oriental Education & Tech Grp from a “sell” rating to a “hold” rating in a research report on Wednesday, March 7th. ValuEngine lowered New Oriental Education & Tech Grp from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. JPMorgan Chase & Co. upgraded New Oriental Education & Tech Grp from an “underweight” rating to a “neutral” rating and set a $72.00 price objective for the company in a research report on Monday, March 5th. Finally, CLSA lowered New Oriental Education & Tech Grp from an “outperform” rating to an “underperform” rating in a research report on Thursday, May 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $103.51.

Large investors have recently made changes to their positions in the stock. Allianz Asset Management GmbH lifted its holdings in shares of New Oriental Education & Tech Grp by 27.5% in the 4th quarter. Allianz Asset Management GmbH now owns 1,053,727 shares of the company’s stock valued at $99,051,000 after acquiring an additional 227,091 shares during the last quarter. HBK Investments L P lifted its holdings in shares of New Oriental Education & Tech Grp by 300.7% in the 4th quarter. HBK Investments L P now owns 23,775 shares of the company’s stock valued at $2,235,000 after acquiring an additional 17,842 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in shares of New Oriental Education & Tech Grp by 11,178.5% in the 4th quarter. Mackenzie Financial Corp now owns 289,519 shares of the company’s stock valued at $27,215,000 after acquiring an additional 286,952 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in shares of New Oriental Education & Tech Grp by 24.5% in the 4th quarter. Lazard Asset Management LLC now owns 1,257,976 shares of the company’s stock valued at $118,249,000 after acquiring an additional 247,734 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of New Oriental Education & Tech Grp by 4.5% in the 4th quarter. First Trust Advisors LP now owns 126,333 shares of the company’s stock valued at $11,875,000 after acquiring an additional 5,432 shares during the last quarter. 85.93% of the stock is owned by hedge funds and other institutional investors.

Shares of New Oriental Education & Tech Grp stock opened at $103.88 on Thursday. The stock has a market cap of $15.07 billion, a PE ratio of 59.70, a PEG ratio of 1.34 and a beta of 1.30. New Oriental Education & Tech Grp has a twelve month low of $69.91 and a twelve month high of $108.40.

New Oriental Education & Tech Grp Company Profile

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People's Republic of China. The company operates through 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 segments.

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Earnings History and Estimates for New Oriental Education & Tech Grp (NYSE:EDU)

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