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

New Oriental Education & Technology Group (NYSE:EDU – Get Rating) will be posting its quarterly earnings results before the market opens on Tuesday, April 26th. Analysts expect New Oriental Education & Technology Group to post earnings of $0.70 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

EDU stock opened at $10.55 on Tuesday. The company has a market capitalization of $1.79 billion, a PE ratio of 5.22 and a beta of 0.95. New Oriental Education & Technology Group has a one year low of $8.40 and a one year high of $168.80. The company’s 50 day moving average price is $13.02 and its two-hundred day moving average price is $17.59.

Several research analysts have commented on the stock. Zacks Investment Research raised shares of New Oriental Education & Technology Group from a “sell” rating to a “hold” rating in a research note on Monday, March 14th. Daiwa Capital Markets raised shares of New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 9th. Finally, StockNews.com assumed coverage on shares of New Oriental Education & Technology Group in a research note on Thursday, March 31st. They set a “sell” rating on the stock. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, New Oriental Education & Technology Group has a consensus rating of “Hold” and an average target price of $179.80.

Several institutional investors have recently modified their holdings of the company. Sequoia Financial Advisors LLC bought a new stake in New Oriental Education & Technology Group in the fourth quarter valued at $41,000. Alliancebernstein L.P. bought a new stake in New Oriental Education & Technology Group in the fourth quarter valued at $51,000. JustInvest LLC boosted its holdings in New Oriental Education & Technology Group by 128.6% in the fourth quarter. JustInvest LLC now owns 36,438 shares of the company’s stock valued at $77,000 after acquiring an additional 20,495 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in New Oriental Education & Technology Group by 13.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 160,016 shares of the company’s stock valued at $336,000 after acquiring an additional 19,176 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in New Oriental Education & Technology Group by 118.8% in the fourth quarter. Parametric Portfolio Associates LLC now owns 2,161,777 shares of the company’s stock valued at $4,540,000 after acquiring an additional 1,173,976 shares in the last quarter. Hedge funds and other institutional investors own 74.03% of the company’s stock.

About New Oriental Education & Technology Group (Get Rating)

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People's Republic of China. It operates through K-12 AST, Test Preparation and Other Courses; Online Education; and Others segments. The company offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the People's Republic of China, and the Commonwealth countries; and after-school tutoring courses for middle and high school students to enhance their exam scores, as well as for children to teach English.

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