Analysts Expect RISE Education Cayman Ltd (REDU) Will Announce Earnings of $0.12 Per Share

Wall Street brokerages expect that RISE Education Cayman Ltd (NASDAQ:REDU) will announce earnings of $0.12 per share for the current quarter, according to Zacks. Zero analysts have issued estimates for RISE Education Cayman’s earnings. RISE Education Cayman reported earnings per share of $0.06 during the same quarter last year, which indicates a positive year-over-year growth rate of 100%. The company is scheduled to issue its next quarterly earnings report on Monday, November 26th.

According to Zacks, analysts expect that RISE Education Cayman will report full-year earnings of $0.49 per share for the current fiscal year. For the next financial year, analysts expect that the business will report earnings of $0.68 per share. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for RISE Education Cayman.

RISE Education Cayman (NASDAQ:REDU) last announced its earnings results on Thursday, August 16th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. The company had revenue of $45.37 million during the quarter. RISE Education Cayman had a positive return on equity of 20.71% and a negative net margin of 2.68%.

Several brokerages have recently weighed in on REDU. Zacks Investment Research upgraded RISE Education Cayman from a “sell” rating to a “hold” rating in a research note on Thursday, May 31st. UBS Group began coverage on RISE Education Cayman in a research note on Thursday, June 7th. They set a “buy” rating for the company. Finally, ValuEngine upgraded RISE Education Cayman from a “hold” rating to a “buy” rating in a research note on Saturday, July 28th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $13.75.

Shares of RISE Education Cayman stock traded up $0.20 during trading hours on Thursday, hitting $11.71. 94,823 shares of the company’s stock traded hands, compared to its average volume of 126,382. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.12 and a quick ratio of 1.11. The company has a market capitalization of $639.65 million and a PE ratio of 117.10. RISE Education Cayman has a twelve month low of $9.50 and a twelve month high of $18.60.

Institutional investors have recently made changes to their positions in the company. Truvestments Capital LLC acquired a new position in RISE Education Cayman in the second quarter worth about $148,000. Northern Trust Corp acquired a new position in RISE Education Cayman in the second quarter worth about $151,000. Trexquant Investment LP acquired a new position in RISE Education Cayman in the second quarter worth about $191,000. Point72 Asset Management L.P. acquired a new position in RISE Education Cayman in the second quarter worth about $328,000. Finally, Jane Street Group LLC acquired a new position in RISE Education Cayman in the second quarter worth about $599,000. Institutional investors own 17.64% of the company’s stock.

About RISE Education Cayman

RISE Education Cayman Ltd, through its subsidiaries, provides junior English language training services under the RISE brand name in the People's Republic of China. The company offers a range of educational programs, services, and products, including educational courses, sale of course materials, franchise services, and study tours.

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