New Oriental Education & Technology Group (EDU) Set to Announce Quarterly Earnings on Wednesday

New Oriental Education & Technology Group (NYSE:EDU) is set to issue its quarterly earnings data before the market opens on Wednesday, April 17th. Analysts expect the company to announce earnings of $0.74 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

New Oriental Education & Technology Group (NYSE:EDU) last released its quarterly earnings results on Wednesday, January 24th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.23). New Oriental Education & Technology Group had a return on equity of 7.97% and a net margin of 8.54%. The company had revenue of $869.60 million during the quarter, compared to the consensus estimate of $814.01 million. During the same period in the previous year, the company earned $0.01 earnings per share. New Oriental Education & Technology Group’s quarterly revenue was up 36.3% on a year-over-year basis. On average, analysts expect New Oriental Education & Technology Group to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

New Oriental Education & Technology Group Stock Performance

EDU stock opened at $85.53 on Tuesday. New Oriental Education & Technology Group has a fifty-two week low of $35.70 and a fifty-two week high of $98.20. The company has a market capitalization of $14.51 billion, a price-to-earnings ratio of 46.99 and a beta of 0.49. The business’s 50 day moving average price is $89.68 and its two-hundred day moving average price is $77.66.

Hedge Funds Weigh In On New Oriental Education & Technology Group

A number of hedge funds have recently bought and sold shares of EDU. Royal Bank of Canada raised its holdings in New Oriental Education & Technology Group by 95.4% in the third quarter. Royal Bank of Canada now owns 9,334 shares of the company’s stock worth $224,000 after buying an additional 4,557 shares during the last quarter. Acadian Asset Management LLC raised its holdings in New Oriental Education & Technology Group by 186.1% in the 1st quarter. Acadian Asset Management LLC now owns 193,107 shares of the company’s stock worth $221,000 after acquiring an additional 125,599 shares during the last quarter. Creative Planning purchased a new position in New Oriental Education & Technology Group in the 4th quarter worth approximately $218,000. Cresset Asset Management LLC purchased a new stake in New Oriental Education & Technology Group during the 4th quarter valued at $218,000. Finally, Corient Private Wealth LLC bought a new stake in shares of New Oriental Education & Technology Group in the 4th quarter worth $211,000.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. StockNews.com cut shares of New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Morgan Stanley boosted their price target on New Oriental Education & Technology Group from $85.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People's Republic of China. The company operates through four segments: Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Educational Materials and Distribution.