$0.17 Earnings Per Share Expected for Bright Scholar Education Holdngs Ltd-ADR (BEDU) This Quarter

Analysts forecast that Bright Scholar Education Holdngs Ltd-ADR (NYSE:BEDU) will announce earnings of $0.17 per share for the current quarter, Zacks reports. Zero analysts have issued estimates for Bright Scholar Education Holdngs’ earnings. Bright Scholar Education Holdngs reported earnings per share of $0.15 during the same quarter last year, which would suggest a positive year over year growth rate of 13.3%. The business is scheduled to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Bright Scholar Education Holdngs will report full year earnings of $0.42 per share for the current fiscal year, with EPS estimates ranging from $0.39 to $0.45. For the next fiscal year, analysts forecast that the business will post earnings of $0.51 per share, with EPS estimates ranging from $0.46 to $0.55. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Bright Scholar Education Holdngs.

Bright Scholar Education Holdngs (NYSE:BEDU) last released its quarterly earnings data on Wednesday, November 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). The firm had revenue of $57.05 million for the quarter. Bright Scholar Education Holdngs had a return on equity of 11.17% and a net margin of 14.39%.

Several equities research analysts have recently issued reports on BEDU shares. ValuEngine raised shares of Bright Scholar Education Holdngs from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd. TheStreet cut shares of Bright Scholar Education Holdngs from a “c-” rating to a “d” rating in a research report on Monday, August 13th. Zacks Investment Research cut shares of Bright Scholar Education Holdngs from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. Finally, Morgan Stanley cut shares of Bright Scholar Education Holdngs from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $17.00.

A number of institutional investors and hedge funds have recently made changes to their positions in BEDU. Jane Street Group LLC purchased a new stake in Bright Scholar Education Holdngs in the third quarter valued at $152,000. GSA Capital Partners LLP purchased a new stake in shares of Bright Scholar Education Holdngs in the second quarter valued at about $174,000. Hikari Power Ltd purchased a new stake in shares of Bright Scholar Education Holdngs in the second quarter valued at about $268,000. Highland Capital Management LLC purchased a new stake in shares of Bright Scholar Education Holdngs in the third quarter valued at about $339,000. Finally, Guggenheim Capital LLC raised its holdings in shares of Bright Scholar Education Holdngs by 36.1% in the first quarter. Guggenheim Capital LLC now owns 24,423 shares of the company’s stock valued at $377,000 after buying an additional 6,474 shares during the last quarter. 12.87% of the stock is owned by hedge funds and other institutional investors.

Shares of Bright Scholar Education Holdngs stock traded up $0.32 during trading on Monday, hitting $11.11. 50,518 shares of the stock were exchanged, compared to its average volume of 178,051. The stock has a market cap of $1.37 billion, a P/E ratio of 37.03 and a beta of 0.82. Bright Scholar Education Holdngs has a 12-month low of $8.82 and a 12-month high of $23.99.

Bright Scholar Education Holdngs Company Profile

Bright Scholar Education Holdings Limited operates K-12 schools in China. Its schools comprise international schools, bilingual schools, and kindergartens. The company also offers a range of complementary education services, including international camps and after-school programs. As of May 31, 2018, it had a network of 67 schools with approximately 35,275 students.

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