Equities research analysts expect New Oriental Education & Technology Group, Inc. (NYSE:EDU) to announce earnings of $0.17 per share for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for New Oriental Education & Technology Group’s earnings. New Oriental Education & Technology Group posted earnings per share of $0.08 in the same quarter last year, which indicates a positive year-over-year growth rate of 112.5%. The business is expected to announce its next quarterly earnings report on Tuesday, January 16th.

On average, analysts expect that New Oriental Education & Technology Group will report full-year earnings of $2.23 per share for the current year, with EPS estimates ranging from $2.12 to $2.36. For the next financial year, analysts forecast that the business will report earnings of $2.95 per share, with EPS estimates ranging from $2.45 to $3.30. Zacks’ earnings per share averages are an average based on a survey of research firms that follow New Oriental Education & Technology Group.

New Oriental Education & Technology Group (NYSE:EDU) last issued its quarterly earnings results on Tuesday, October 24th. The company reported $1.00 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.04). New Oriental Education & Technology Group had a return on equity of 17.32% and a net margin of 15.15%. The business had revenue of $661.20 million for the quarter, compared to analyst estimates of $643.90 million. During the same quarter in the previous year, the business posted $0.90 earnings per share. The business’s revenue was up 23.8% on a year-over-year basis.

EDU has been the subject of several analyst reports. J P Morgan Chase & Co cut shares of New Oriental Education & Technology Group from a “neutral” rating to an “underweight” rating and set a $82.00 target price for the company. in a research note on Thursday, September 14th. Morgan Stanley initiated coverage on shares of New Oriental Education & Technology Group in a research note on Friday, August 25th. They issued an “overweight” rating and a $100.00 target price for the company. Zacks Investment Research cut shares of New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. CLSA cut shares of New Oriental Education & Technology Group from an “outperform” rating to an “underperform” rating in a research note on Tuesday, October 24th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $109.00 target price on shares of New Oriental Education & Technology Group in a research note on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $89.76.

New Oriental Education & Technology Group (NYSE EDU) traded down $0.74 on Monday, hitting $88.57. 1,075,000 shares of the company traded hands, compared to its average volume of 1,350,311. New Oriental Education & Technology Group has a 1 year low of $37.16 and a 1 year high of $94.63. The firm has a market cap of $14,000.00, a PE ratio of 47.88, a P/E/G ratio of 1.37 and a beta of 1.31.

A number of large investors have recently bought and sold shares of EDU. Bank of Nova Scotia acquired a new stake in shares of New Oriental Education & Technology Group in the second quarter valued at about $1,903,000. Calamos Advisors LLC acquired a new stake in shares of New Oriental Education & Technology Group in the second quarter valued at about $5,639,000. BNP Paribas Arbitrage SA raised its position in shares of New Oriental Education & Technology Group by 17.1% in the third quarter. BNP Paribas Arbitrage SA now owns 473,316 shares of the company’s stock valued at $41,775,000 after buying an additional 68,977 shares during the last quarter. BARING ASSET MANAGEMENT Ltd raised its position in shares of New Oriental Education & Technology Group by 110.2% in the third quarter. BARING ASSET MANAGEMENT Ltd now owns 413,905 shares of the company’s stock valued at $36,531,000 after buying an additional 217,035 shares during the last quarter. Finally, Tairen Capital Ltd raised its position in shares of New Oriental Education & Technology Group by 8.3% in the second quarter. Tairen Capital Ltd now owns 1,890,988 shares of the company’s stock valued at $133,296,000 after buying an additional 145,192 shares during the last quarter. Institutional investors own 75.64% of the company’s stock.

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About New Oriental Education & Technology Group

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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Earnings History and Estimates for New Oriental Education & Technology Group (NYSE:EDU)

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