Wall Street brokerages expect TAL Education Group (NYSE:TAL) to announce earnings per share of $0.07 for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for TAL Education Group’s earnings, with the highest EPS estimate coming in at $0.10 and the lowest estimate coming in at $0.03. TAL Education Group also posted earnings per share of $0.07 in the same quarter last year. The business is scheduled to issue its next quarterly earnings report on Thursday, July 26th.

According to Zacks, analysts expect that TAL Education Group will report full-year earnings of $0.62 per share for the current fiscal year, with EPS estimates ranging from $0.58 to $0.69. For the next financial year, analysts expect that the business will post earnings of $0.97 per share, with EPS estimates ranging from $0.75 to $1.19. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover TAL Education Group.

TAL Education Group (NYSE:TAL) last posted its quarterly earnings data on Thursday, April 26th. The company reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.03. TAL Education Group had a return on equity of 18.68% and a net margin of 11.57%. The company had revenue of $504.10 million during the quarter, compared to analyst estimates of $485.96 million. During the same period in the previous year, the business earned $0.47 EPS. TAL Education Group’s quarterly revenue was up 59.4% on a year-over-year basis.

TAL has been the subject of several research reports. ValuEngine upgraded TAL Education Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. Zacks Investment Research upgraded TAL Education Group from a “sell” rating to a “hold” rating in a research note on Thursday, April 5th. Benchmark boosted their price objective on TAL Education Group from $37.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, April 27th. Finally, JPMorgan Chase & Co. boosted their price objective on TAL Education Group from $60.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 29th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $38.42.

NYSE:TAL traded down $0.63 during trading hours on Friday, hitting $40.48. 15,965,600 shares of the stock were exchanged, compared to its average volume of 5,314,247. TAL Education Group has a 52-week low of $19.17 and a 52-week high of $47.63. The company has a current ratio of 1.47, a quick ratio of 1.46 and a debt-to-equity ratio of 0.14. The firm has a market cap of $22.42 billion, a P/E ratio of 121.35 and a beta of 0.36.

Several hedge funds have recently bought and sold shares of the company. Cavalier Investments LLC grew its position in TAL Education Group by 2.9% in the first quarter. Cavalier Investments LLC now owns 48,280 shares of the company’s stock worth $1,791,000 after acquiring an additional 1,380 shares during the period. Atria Investments LLC grew its position in TAL Education Group by 12.9% in the first quarter. Atria Investments LLC now owns 14,243 shares of the company’s stock worth $528,000 after acquiring an additional 1,622 shares during the period. Comerica Bank grew its position in TAL Education Group by 11.4% in the first quarter. Comerica Bank now owns 17,894 shares of the company’s stock worth $664,000 after acquiring an additional 1,833 shares during the period. Martin Currie Ltd. grew its position in TAL Education Group by 20.0% in the fourth quarter. Martin Currie Ltd. now owns 13,200 shares of the company’s stock worth $392,000 after acquiring an additional 2,200 shares during the period. Finally, Quantbot Technologies LP grew its position in TAL Education Group by 9.6% in the first quarter. Quantbot Technologies LP now owns 27,360 shares of the company’s stock worth $1,014,000 after acquiring an additional 2,396 shares during the period. Institutional investors and hedge funds own 60.23% of the company’s stock.

About TAL Education Group

TAL Education Group, through its subsidiaries, provides K-12 after-school tutoring services in the People's Republic of China. It offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese.

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