New Oriental Education & Technology Group (EDU) Stock Price, News & Analysis

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Oriental Education & Technology Group in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" EDU shares.
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2 brokers have issued 12 month price targets for New Oriental Education & Technology Group's shares. Their EDU share price targets range from $66.00 to $95.00. On average, they expect the company's stock price to reach $77.33 in the next year. This suggests that the stock has a possible downside of 9.0%.
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New Oriental Education & Technology Group's stock was trading at $73.28 on January 1st, 2024. Since then, EDU stock has increased by 16.0% and is now trading at $84.99.
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New Oriental Education & Technology Group saw a decrease in short interest in March. As of March 15th, there was short interest totaling 4,700,000 shares, a decrease of 11.0% from the February 29th total of 5,280,000 shares. Based on an average trading volume of 1,760,000 shares, the days-to-cover ratio is currently 2.7 days. Approximately 2.8% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
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New Oriental Education & Technology Group will be holding an earnings conference call on Wednesday, April 24th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

New Oriental Education & Technology Group Inc. (NYSE:EDU) issued its quarterly earnings data on Wednesday, January, 24th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by $0.23. The company had revenue of $869.60 million for the quarter, compared to analyst estimates of $814.01 million. New Oriental Education & Technology Group had a net margin of 8.54% and a trailing twelve-month return on equity of 7.97%. The firm's quarterly revenue was up 36.3% compared to the same quarter last year. During the same period last year, the business earned $0.01 EPS.

ETFs with the largest weight of New Oriental Education & Technology Group (NYSE:EDU) stock in their portfolio include Global X Education ETF (EDUT), AdvisorShares Dorsey Wright ADR ETF (AADR) and Invesco Golden Dragon China ETF (PGJ).First Trust International IPO ETF (FPXI).

New Oriental Education & Technology Group shares reverse split before market open on Friday, April 8th 2022. The 1-10 reverse split was announced on Friday, April 8th 2022. The number of shares owned by shareholders was adjusted after the market closes on Friday, April 8th 2022. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

New Oriental Education & Technology Group declared that its board has approved a stock repurchase plan on Wednesday, July 27th 2022, which authorizes the company to buyback $0.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

New Oriental Education & Technology Group issued an update on its third quarter 2024 earnings guidance on Thursday, January, 25th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $935.9 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other New Oriental Education & Technology Group investors own include Alibaba Group (BABA), NVIDIA (NVDA), Baidu (BIDU), Adobe (ADBE), Netflix (NFLX), Walt Disney (DIS), Tesla (TSLA), Mastercard (MA), PayPal (PYPL) and QUALCOMM (QCOM).

New Oriental Education & Technology Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Matthews International Capital Management LLC (0.06%), Norden Group LLC (0.01%), Claro Advisors LLC (0.00%) and Banque Cantonale Vaudoise (0.00%).

Shares of EDU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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