Tarena International (TEDU) Releases Quarterly Earnings Results
Tarena International (NASDAQ:TEDU) released its quarterly earnings data on Monday. The business services provider reported ($0.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.19), Morningstar.com reports. Tarena International had a negative net margin of 16.34% and a negative return on equity of 24.83%. The company had revenue of $102.86 million during the quarter. Tarena International updated its Q4 2018 guidance to EPS and its FY 2018 guidance to EPS.
NASDAQ:TEDU opened at $7.26 on Wednesday. Tarena International has a one year low of $6.89 and a one year high of $15.45. The firm has a market capitalization of $454.39 million, a price-to-earnings ratio of 15.78 and a beta of 0.74.
Several large investors have recently added to or reduced their stakes in TEDU. Dimensional Fund Advisors LP grew its holdings in Tarena International by 4.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 433,886 shares of the business services provider’s stock valued at $3,523,000 after buying an additional 17,389 shares in the last quarter. BlackRock Inc. grew its holdings in Tarena International by 5.0% during the 3rd quarter. BlackRock Inc. now owns 709,415 shares of the business services provider’s stock valued at $5,760,000 after buying an additional 33,904 shares in the last quarter. Bank of Montreal Can purchased a new position in Tarena International during the 3rd quarter valued at about $130,000. Renaissance Technologies LLC grew its holdings in Tarena International by 46.6% during the 2nd quarter. Renaissance Technologies LLC now owns 573,400 shares of the business services provider’s stock valued at $4,341,000 after buying an additional 182,395 shares in the last quarter. Finally, Summit Global Investments purchased a new position in Tarena International during the 2nd quarter valued at about $681,000. Hedge funds and other institutional investors own 30.48% of the company’s stock.
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Tarena International Company Profile
Tarena International, Inc, through its subsidiaries, provides professional education services through full-time and part-time classes in the People's Republic of China. It offers education courses in 13 information technology (IT) subjects, such as Java, .NET, C++, software testing, embedded, PHP, Android, iOS, Linux and network engineering, Big Data, Web front-end development, VR/AR, and Python; and 3 non-IT subjects, including digital art, online sales and marketing, and accounting through live distance instruction, classroom-based tutoring, and online learning modules.
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