New Oriental Education & Technology Group, Inc. (EDU) Releases Quarterly Earnings Results, Misses Estimates By $0.03 EPS

New Oriental Education & Technology Group, Inc. (NYSE:EDU) announced its quarterly earnings results on Tuesday, July 25th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.03, MarketWatch Earnings reports. 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 analysts’ expectations of $477.81 million. During the same quarter in the prior year, the business posted $0.29 earnings per share. The company’s revenue was up 23.2% compared to the same quarter last year.

New Oriental Education & Technology Group (NYSE:EDU) traded up 1.07% during trading on Friday, reaching $80.05. The company had a trading volume of 860,767 shares. The stock has a market capitalization of $12.62 billion, a price-to-earnings ratio of 46.01 and a beta of 1.40. The firm has a 50-day moving average of $78.38 and a 200-day moving average of $65.97. New Oriental Education & Technology Group has a 1-year low of $37.16 and a 1-year high of $83.91.

The firm also recently declared a special dividend, which will be paid on Friday, October 6th. Investors of record on Wednesday, September 6th will be issued a $0.45 dividend. This is a boost from New Oriental Education & Technology Group’s previous special dividend of $0.40. The ex-dividend date is Friday, September 1st.

A number of brokerages have recently issued reports on EDU. Jefferies Group LLC reiterated a “buy” rating and issued a $74.80 price target on shares of New Oriental Education & Technology Group in a report on Friday, July 14th. Benchmark Co. lifted their price target on New Oriental Education & Technology Group from $75.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, July 26th. BidaskClub downgraded New Oriental Education & Technology Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. UBS AG began coverage on New Oriental Education & Technology Group in a research note on Tuesday, August 1st. They set a “buy” rating and a $96.75 target price on the stock. Finally, Zacks Investment Research downgraded New Oriental Education & Technology Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 28th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $76.36.

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Several large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. increased its stake in New Oriental Education & Technology Group by 2.4% in the second quarter. PNC Financial Services Group Inc. now owns 1,513 shares of the company’s stock worth $107,000 after buying an additional 35 shares during the last quarter. Nippon Life Insurance Co. bought a new stake in New Oriental Education & Technology Group during the second quarter worth about $111,000. Advisor Group Inc. increased its position in shares of New Oriental Education & Technology Group by 182.5% in the second quarter. Advisor Group Inc. now owns 1,743 shares of the company’s stock valued at $123,000 after buying an additional 1,126 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of New Oriental Education & Technology Group by 64.0% in the first quarter. Tower Research Capital LLC TRC now owns 2,319 shares of the company’s stock valued at $140,000 after buying an additional 905 shares in the last quarter. Finally, Advisors Preferred LLC bought a new position in shares of New Oriental Education & Technology Group during the first quarter valued at about $147,000. Institutional investors own 82.46% of the company’s stock.

New Oriental Education & Technology Group Company Profile

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.

Earnings History for New Oriental Education & Technology Group (NYSE:EDU)

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