Zacks: Brokerages Expect New Oriental Education & Tech Grp (EDU) Will Post Earnings of $1.23 Per Share

Wall Street brokerages forecast that New Oriental Education & Tech Grp (NYSE:EDU) will announce earnings per share of $1.23 for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for New Oriental Education & Tech Grp’s earnings. New Oriental Education & Tech Grp reported earnings per share of $1.02 during the same quarter last year, which indicates a positive year over year growth rate of 20.6%. The company is scheduled to report its next earnings report on Tuesday, October 23rd.

On average, analysts expect that New Oriental Education & Tech Grp will report full-year earnings of $2.95 per share for the current year, with EPS estimates ranging from $2.91 to $3.01. For the next financial year, analysts expect that the firm will report earnings of $3.90 per share, with EPS estimates ranging from $3.72 to $4.20. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow New Oriental Education & Tech Grp.

New Oriental Education & Tech Grp (NYSE:EDU) last posted its quarterly earnings data on Tuesday, July 24th. The company reported $0.55 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.01. New Oriental Education & Tech Grp had a return on equity of 14.79% and a net margin of 12.10%. The firm had revenue of $701.00 million for the quarter, compared to analyst estimates of $672.44 million. During the same quarter last year, the company earned $0.41 EPS. The company’s revenue was up 44.1% on a year-over-year basis.

Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded New Oriental Education & Tech Grp from a “hold” rating to a “buy” rating and set a $107.00 price target on the stock in a research note on Tuesday, June 26th. ValuEngine lowered New Oriental Education & Tech Grp from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. JPMorgan Chase & Co. upgraded New Oriental Education & Tech Grp from a “neutral” rating to an “overweight” rating in a research note on Thursday, July 26th. Finally, CLSA lowered New Oriental Education & Tech Grp from an “outperform” rating to an “underperform” rating in a research note on Thursday, May 24th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $104.86.

Shares of New Oriental Education & Tech Grp traded up $0.19, hitting $86.99, during midday trading on Friday, according to Marketbeat. The company’s stock had a trading volume of 1,209,147 shares, compared to its average volume of 1,695,592. New Oriental Education & Tech Grp has a one year low of $74.66 and a one year high of $108.40. The firm has a market cap of $12.38 billion, a price-to-earnings ratio of 46.52, a PEG ratio of 1.16 and a beta of 1.28.

Institutional investors and hedge funds have recently modified their holdings of the company. LPL Financial LLC lifted its holdings in New Oriental Education & Tech Grp by 96.1% during the 4th quarter. LPL Financial LLC now owns 6,185 shares of the company’s stock worth $581,000 after buying an additional 3,031 shares during the period. Envestnet Asset Management Inc. lifted its holdings in New Oriental Education & Tech Grp by 71.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 2,791 shares of the company’s stock worth $263,000 after buying an additional 1,163 shares during the period. Global X Management Co. LLC lifted its holdings in New Oriental Education & Tech Grp by 52.1% during the 1st quarter. Global X Management Co. LLC now owns 176,116 shares of the company’s stock worth $15,437,000 after buying an additional 60,320 shares during the period. Wells Fargo & Company MN lifted its holdings in New Oriental Education & Tech Grp by 3.0% during the 1st quarter. Wells Fargo & Company MN now owns 2,394,634 shares of the company’s stock worth $209,890,000 after buying an additional 69,588 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in New Oriental Education & Tech Grp by 18.0% during the 1st quarter. Daiwa Securities Group Inc. now owns 94,522 shares of the company’s stock worth $8,285,000 after buying an additional 14,400 shares during the period. Institutional investors own 86.39% of the company’s stock.

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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