New Oriental Education & Technology Group (NYSE:EDU) Issues Earnings Results

New Oriental Education & Technology Group (NYSE:EDU) posted its quarterly earnings data on Tuesday. The company reported $1.61 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.13), Briefing.com reports. The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.52 billion. New Oriental Education & Technology Group had a net margin of 7.36% and a return on equity of 10.97%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.60 earnings per share. New Oriental Education & Technology Group updated its FY 2026 guidance to EPS and its Q2 2026 guidance to EPS.

New Oriental Education & Technology Group Stock Down 1.1%

EDU opened at $57.89 on Thursday. The firm has a market cap of $9.92 billion, a price-to-earnings ratio of 25.50, a price-to-earnings-growth ratio of 1.88 and a beta of 0.27. New Oriental Education & Technology Group has a fifty-two week low of $40.66 and a fifty-two week high of $68.53. The company’s 50-day moving average price is $52.84 and its 200 day moving average price is $49.74.

New Oriental Education & Technology Group Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Friday, December 5th. Investors of record on Tuesday, November 18th will be paid a dividend of $0.60 per share. The ex-dividend date is Tuesday, November 18th.

Wall Street Analysts Forecast Growth

EDU has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on shares of New Oriental Education & Technology Group from $60.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday. Hsbc Global Res raised shares of New Oriental Education & Technology Group to a “hold” rating in a research report on Wednesday, July 30th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $60.00 price target on shares of New Oriental Education & Technology Group in a research report on Wednesday. Bank of America increased their price target on shares of New Oriental Education & Technology Group from $56.20 to $58.20 and gave the stock a “buy” rating in a research report on Monday, September 29th. Finally, Citigroup reduced their price target on shares of New Oriental Education & Technology Group from $77.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, September 9th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $59.53.

Institutional Investors Weigh In On New Oriental Education & Technology Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Tiger Pacific Capital LP acquired a new stake in New Oriental Education & Technology Group during the second quarter worth about $38,056,000. Lighthouse Investment Partners LLC acquired a new stake in shares of New Oriental Education & Technology Group in the second quarter valued at approximately $5,110,000. Man Group plc acquired a new stake in shares of New Oriental Education & Technology Group in the second quarter valued at approximately $4,883,000. Headlands Technologies LLC acquired a new stake in shares of New Oriental Education & Technology Group in the second quarter valued at approximately $1,061,000. Finally, Quantinno Capital Management LP increased its stake in shares of New Oriental Education & Technology Group by 168.2% in the second quarter. Quantinno Capital Management LP now owns 13,215 shares of the company’s stock valued at $713,000 after purchasing an additional 8,287 shares during the period.

About New Oriental Education & Technology Group

New Oriental Education & Technology Group, Inc is a holding company, which engages in the provision of private educational services. It operates through the following segments: Educational Services and Test Preparation Courses, Private Label Products and Livestreaming E-Commerce, Overseas Study Consulting Services, and Educational Materials and Distribution.