TAL Education Group (NYSE:TAL – Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.08, Zacks reports. TAL Education Group had a negative return on equity of 0.10% and a negative net margin of 0.24%. The firm had revenue of $414.19 million during the quarter, compared to the consensus estimate of $392.39 million. During the same period last year, the company earned ($0.07) earnings per share.
TAL Education Group Trading Down 6.7 %
Shares of TAL stock traded down $0.61 during mid-day trading on Friday, reaching $8.47. The stock had a trading volume of 15,857,383 shares, compared to its average volume of 6,667,432. TAL Education Group has a 12-month low of $6.24 and a 12-month high of $15.52. The company has a market cap of $5.12 billion, a P/E ratio of -839.16 and a beta of 0.01. The business has a 50-day simple moving average of $10.73 and a 200 day simple moving average of $11.84.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on TAL. HSBC began coverage on TAL Education Group in a research report on Wednesday, May 29th. They issued a “buy” rating and a $16.00 price objective for the company. StockNews.com cut TAL Education Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $13.28.
TAL Education Group Company Profile
TAL Education Group provides K-12 after-school tutoring services in the People's Republic of China. The company 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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