Zacks: Brokerages Expect RYB Education Inc – (RYB) Will Announce Earnings of $0.01 Per Share
Equities research analysts expect RYB Education Inc – (NYSE:RYB) to post earnings of $0.01 per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for RYB Education’s earnings. RYB Education posted earnings of $0.15 per share in the same quarter last year, which suggests a negative year over year growth rate of 93.3%. The firm is expected to announce its next earnings results on Wednesday, December 5th.
According to Zacks, analysts expect that RYB Education will report full-year earnings of $0.03 per share for the current fiscal year, with EPS estimates ranging from ($0.11) to $0.17. For the next financial year, analysts anticipate that the company will report earnings of $0.36 per share, with EPS estimates ranging from $0.19 to $0.52. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for RYB Education.
RYB has been the topic of several recent analyst reports. Zacks Investment Research raised shares of RYB Education from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Thursday, October 11th. Morgan Stanley reissued an “equal weight” rating and issued a $8.50 target price (down previously from $23.50) on shares of RYB Education in a research note on Friday. Finally, ValuEngine downgraded shares of RYB Education from a “buy” rating to a “hold” rating in a research note on Wednesday, August 29th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $19.50.
Shares of RYB traded down $0.40 during midday trading on Friday, hitting $6.74. The stock had a trading volume of 227,195 shares, compared to its average volume of 621,755. RYB Education has a 1 year low of $6.57 and a 1 year high of $23.79. The company has a market cap of $204.65 million, a P/E ratio of 24.96 and a beta of 0.49.
About RYB Education
RYB Education, Inc provides early childhood education service in the People's Republic of China. The company offers kindergarten services to 2-6-year-old children; and play-and-learn centers services for the joint participation of 0-6-year-old children and their families to promote children's development and prepare them for their entry into kindergartens and primary schools.
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