Analysts expect that TAL Education Group (NYSE:TAL) will announce $0.17 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for TAL Education Group’s earnings. TAL Education Group reported earnings of $0.14 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 21.4%. The firm is expected to announce its next earnings report before the market opens on Thursday, April 25th.

According to Zacks, analysts expect that TAL Education Group will report full-year earnings of $0.60 per share for the current year, with EPS estimates ranging from $0.56 to $0.63. For the next financial year, analysts anticipate that the business will report earnings of $0.91 per share, with EPS estimates ranging from $0.87 to $0.95. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for TAL Education Group.

TAL Education Group (NYSE:TAL) last released its earnings results on Thursday, January 24th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.16. TAL Education Group had a return on equity of 18.88% and a net margin of 14.40%. The firm had revenue of $585.99 million for the quarter, compared to analysts’ expectations of $573.90 million. During the same quarter in the previous year, the business posted $0.09 earnings per share. The business’s revenue for the quarter was up 35.2% on a year-over-year basis.

A number of research analysts have issued reports on TAL shares. TheStreet upgraded TAL Education Group from a “c+” rating to a “b-” rating in a research report on Friday, January 25th. Macquarie set a $32.00 target price on TAL Education Group and gave the company a “buy” rating in a research report on Tuesday, January 15th. Citigroup upgraded TAL Education Group from a “neutral” rating to a “buy” rating in a report on Wednesday, January 9th. Zacks Investment Research upgraded TAL Education Group from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a report on Tuesday, January 29th. Finally, ValuEngine upgraded TAL Education Group from a “sell” rating to a “hold” rating in a report on Tuesday, February 5th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $40.15.

A number of hedge funds have recently made changes to their positions in TAL. Comerica Bank boosted its holdings in TAL Education Group by 30.7% in the third quarter. Comerica Bank now owns 20,397 shares of the company’s stock valued at $471,000 after acquiring an additional 4,787 shares during the last quarter. BlackRock Inc. boosted its holdings in TAL Education Group by 9.3% in the third quarter. BlackRock Inc. now owns 15,609,607 shares of the company’s stock valued at $401,325,000 after acquiring an additional 1,329,357 shares during the last quarter. American International Group Inc. bought a new stake in TAL Education Group in the third quarter valued at approximately $143,000. Panagora Asset Management Inc. boosted its holdings in TAL Education Group by 87.5% in the third quarter. Panagora Asset Management Inc. now owns 18,384 shares of the company’s stock valued at $473,000 after acquiring an additional 8,579 shares during the last quarter. Finally, Aviva PLC boosted its holdings in TAL Education Group by 9.0% in the third quarter. Aviva PLC now owns 90,400 shares of the company’s stock valued at $2,324,000 after acquiring an additional 7,500 shares during the last quarter. Institutional investors and hedge funds own 58.80% of the company’s stock.

TAL Education Group stock opened at $36.84 on Thursday. TAL Education Group has a 12-month low of $21.08 and a 12-month high of $47.63. The stock has a market capitalization of $20.93 billion, a price-to-earnings ratio of 108.35 and a beta of 0.12.

TAL Education Group Company Profile

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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