Wall Street analysts expect that New Oriental Education & Tech Grp (NYSE:EDU) will post $0.16 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for New Oriental Education & Tech Grp’s earnings. New Oriental Education & Tech Grp reported earnings of $0.08 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 100%. The business is expected to report its next earnings report before the market opens on Tuesday, January 23rd.

According to Zacks, analysts expect that New Oriental Education & Tech Grp will report full-year earnings of $2.23 per share for the current year, with EPS estimates ranging from $2.12 to $2.35. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.96 per share, with EPS estimates ranging from $2.45 to $3.30. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover New Oriental Education & Tech Grp.

New Oriental Education & Tech Grp (NYSE:EDU) last announced its quarterly earnings results on Tuesday, October 24th. The company reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.04). The company had revenue of $661.20 million for the quarter, compared to the consensus estimate of $643.90 million. New Oriental Education & Tech Grp had a net margin of 15.15% and a return on equity of 17.32%. The company’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same period last year, the firm posted $0.90 earnings per share.

Several brokerages recently issued reports on EDU. Zacks Investment Research lowered shares of New Oriental Education & Tech Grp from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Bank of America raised shares of New Oriental Education & Tech Grp from a “neutral” rating to a “buy” rating and set a $105.00 price target on the stock in a report on Monday, September 25th. Deutsche Bank began coverage on shares of New Oriental Education & Tech Grp in a report on Thursday, January 4th. They set a “buy” rating and a $116.00 price target on the stock. Vetr lowered shares of New Oriental Education & Tech Grp from a “buy” rating to a “hold” rating and set a $94.84 price target on the stock. in a report on Tuesday, October 10th. Finally, CLSA raised shares of New Oriental Education & Tech Grp from an “underperform” rating to an “outperform” rating in a report on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $99.51.

A number of large investors have recently bought and sold shares of EDU. PNC Financial Services Group Inc. boosted its position in New Oriental Education & Tech Grp by 2.4% during the 2nd 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 period. Advisor Group Inc. boosted its position in New Oriental Education & Tech Grp by 182.5% during the 2nd quarter. Advisor Group Inc. now owns 1,743 shares of the company’s stock worth $123,000 after buying an additional 1,126 shares during the period. Envestnet Asset Management Inc. boosted its position in New Oriental Education & Tech Grp by 88.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,628 shares of the company’s stock worth $144,000 after buying an additional 766 shares during the period. Stevens Capital Management LP acquired a new stake in New Oriental Education & Tech Grp during the 2nd quarter worth approximately $207,000. Finally, Mackenzie Financial Corp acquired a new stake in New Oriental Education & Tech Grp during the 3rd quarter worth approximately $227,000. Institutional investors and hedge funds own 77.28% of the company’s stock.

Shares of New Oriental Education & Tech Grp (NYSE:EDU) opened at $102.25 on Thursday. The stock has a market cap of $16,170.00, a P/E ratio of 55.57, a P/E/G ratio of 1.56 and a beta of 1.31. New Oriental Education & Tech Grp has a 1-year low of $46.35 and a 1-year high of $108.40.

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About New Oriental Education & Tech Grp

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.

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