New Oriental Education & Tech Grp (EDU) Receiving Positive News Coverage, Report Finds
News headlines about New Oriental Education & Tech Grp (NYSE:EDU) have trended positive on Friday, Accern reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. New Oriental Education & Tech Grp earned a news impact score of 0.40 on Accern’s scale. Accern also gave headlines about the company an impact score of 47.3287184986258 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the headlines that may have effected Accern’s scoring:
- New Oriental Education & Tech Grp Sees Unusually Large Options Volume (EDU) (americanbankingnews.com)
- Investing In The Emerging Millennial Boom – Seeking Alpha (seekingalpha.com)
- Composite Rating For New Oriental Education & Technology Jumps To 96 (finance.yahoo.com)
- ETFs with exposure to New Oriental Education & Technology Group, Inc. : December 13, 2017 (finance.yahoo.com)
- Hailiang Education Receives Multiple Industry Awards for Excellence in China’s Education Sector – PR Newswire (press release) (prnewswire.com)
A number of equities analysts have commented on EDU shares. Zacks Investment Research lowered New Oriental Education & Tech Grp from a “hold” rating to a “sell” rating in a research note on Monday, November 27th. Jefferies Group restated a “buy” rating and set a $109.00 price objective on shares of New Oriental Education & Tech Grp in a research note on Thursday, October 26th. CLSA lowered New Oriental Education & Tech Grp from an “outperform” rating to an “underperform” rating in a research note on Tuesday, October 24th. Vetr lowered New Oriental Education & Tech Grp from a “buy” rating to a “hold” rating and set a $94.84 price objective on the stock. in a research note on Tuesday, October 10th. Finally, Benchmark raised their price objective on New Oriental Education & Tech Grp from $94.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, October 6th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $89.76.
New Oriental Education & Tech Grp (NYSE:EDU) last issued its quarterly earnings results on Tuesday, October 24th. The company reported $1.00 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.04). New Oriental Education & Tech Grp had a net margin of 15.15% and a return on equity of 17.32%. The business had revenue of $661.20 million during the quarter, compared to the consensus estimate of $643.90 million. During the same quarter in the previous year, the business posted $0.90 EPS. The company’s revenue for the quarter was up 23.8% on a year-over-year basis. equities analysts expect that New Oriental Education & Tech Grp will post 2.03 earnings per share for the current year.
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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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