Nord Anglia Education, Inc. (NYSE:NORD) announced its earnings results on Tuesday, July 25th. The company reported $0.28 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.28, Morningstar.com reports. The business had revenue of $272.20 million for the quarter, compared to analyst estimates of $273.27 million. Nord Anglia Education had a return on equity of 22.11% and a net margin of 6.71%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.28 EPS.
Shares of Nord Anglia Education (NYSE NORD) traded down 0.18% on Friday, hitting $32.79. The stock had a trading volume of 272,255 shares. Nord Anglia Education has a 52-week low of $20.08 and a 52-week high of $33.15. The company has a 50-day moving average of $32.80 and a 200-day moving average of $28.86. The company has a market cap of $3.41 billion, a P/E ratio of 58.14 and a beta of 0.96.
Large investors have recently added to or reduced their stakes in the company. State Street Corp boosted its stake in Nord Anglia Education by 13.2% in the fourth quarter. State Street Corp now owns 172,433 shares of the company’s stock valued at $4,018,000 after buying an additional 20,098 shares during the period. Wells Fargo & Company MN raised its stake in shares of Nord Anglia Education by 286.9% in the first quarter. Wells Fargo & Company MN now owns 23,802 shares of the company’s stock valued at $603,000 after buying an additional 17,650 shares in the last quarter. Geneva Advisors LLC raised its stake in shares of Nord Anglia Education by 0.7% in the first quarter. Geneva Advisors LLC now owns 181,591 shares of the company’s stock valued at $4,602,000 after buying an additional 1,253 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Nord Anglia Education by 37.3% in the first quarter. First Trust Advisors LP now owns 54,691 shares of the company’s stock valued at $1,386,000 after buying an additional 14,870 shares in the last quarter. Finally, Karp Capital Management Corp bought a new stake in shares of Nord Anglia Education during the first quarter valued at approximately $644,000. 34.77% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have weighed in on NORD. CLSA restated an “underperform” rating on shares of Nord Anglia Education in a research note on Thursday, April 27th. BidaskClub cut Nord Anglia Education from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. Credit Suisse Group reiterated an “outperform” rating and issued a $28.00 price objective on shares of Nord Anglia Education in a report on Monday, April 17th. Royal Bank Of Canada restated a “buy” rating and set a $32.50 target price on shares of Nord Anglia Education in a report on Friday, April 28th. Finally, William Blair cut Nord Anglia Education from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 25th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. Nord Anglia Education presently has a consensus rating of “Hold” and an average target price of $29.57.
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Nord Anglia Education Company Profile
Nord Anglia Education, Inc is an operator of international schools. As of August 31, 2016, the Company taught over 37,000 students, from kindergarten through the end of secondary school (K-12), at its 43 schools in China, Europe, the Middle East, South East Asia and North America. The Company’s segments include China, Europe, Middle East (ME), Southeast Asia (SEA), North America and Other.
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