Analysts Anticipate RISE Education Cayman Ltd (REDU) to Announce $0.12 EPS

RISE Education Cayman Ltd (NASDAQ:REDU) has earned an average broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. RISE Education Cayman’s rating score has declined by 100% from 90 days ago as a result of various analysts’ upgrades and downgrades.

Brokers have set a 12-month consensus target price of $12.00 for the company and are forecasting that the company will post $0.12 earnings per share for the current quarter, according to Zacks. Zacks has also assigned RISE Education Cayman an industry rank of 89 out of 257 based on the ratings given to related companies.

Several equities research analysts have recently weighed in on REDU shares. ValuEngine cut shares of RISE Education Cayman from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Zacks Investment Research upgraded shares of RISE Education Cayman from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Thursday, August 23rd. Finally, UBS Group cut shares of RISE Education Cayman from a “buy” rating to a “neutral” rating in a research report on Thursday, September 6th.

Shares of REDU traded down $0.24 during trading hours on Wednesday, hitting $8.51. 3,235 shares of the stock were exchanged, compared to its average volume of 78,077. RISE Education Cayman has a fifty-two week low of $7.40 and a fifty-two week high of $18.60. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.17. The stock has a market cap of $481.25 million and a PE ratio of 85.30.

RISE Education Cayman (NASDAQ:REDU) last posted its quarterly earnings data on Thursday, November 15th. The company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.03). RISE Education Cayman had a positive return on equity of 12.36% and a negative net margin of 2.35%. The firm had revenue of $50.58 million for the quarter. Sell-side analysts anticipate that RISE Education Cayman will post 0.42 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of REDU. Truvestments Capital LLC bought a new position in RISE Education Cayman during the second quarter worth $148,000. Northern Trust Corp bought a new position in RISE Education Cayman during the second quarter worth $151,000. Trexquant Investment LP bought a new position in RISE Education Cayman during the second quarter worth $191,000. Point72 Asset Management L.P. bought a new position in RISE Education Cayman during the second quarter worth $328,000. Finally, BlackRock Inc. boosted its stake in RISE Education Cayman by 198.6% during the second quarter. BlackRock Inc. now owns 58,618 shares of the company’s stock worth $827,000 after acquiring an additional 38,990 shares in the last quarter. Institutional investors own 16.98% of the company’s stock.

RISE Education Cayman Company Profile

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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