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

New Oriental Education & Technology Group (NYSE:EDU) is anticipated to issue its quarterly earnings data before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of $0.76 per share and revenue of $1.24 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

New Oriental Education & Technology Group Price Performance

NYSE:EDU opened at $45.71 on Wednesday. New Oriental Education & Technology Group has a one year low of $40.66 and a one year high of $91.04. The company has a fifty day moving average price of $48.40 and a 200 day moving average price of $56.97. The stock has a market cap of $7.76 billion, a P/E ratio of 19.45 and a beta of 0.37.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on EDU shares. Macquarie lowered New Oriental Education & Technology Group from an “outperform” rating to an “underperform” rating and decreased their price objective for the stock from $79.00 to $44.00 in a report on Wednesday, January 22nd. China Renaissance lowered shares of New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. Citigroup cut shares of New Oriental Education & Technology Group from a “buy” rating to a “neutral” rating and lowered their target price for the company from $83.00 to $50.00 in a research note on Friday, January 24th. StockNews.com downgraded New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a report on Thursday, March 13th. Finally, JPMorgan Chase & Co. cut New Oriental Education & Technology Group from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $85.00 to $50.00 in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $61.20.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group, Inc is a holding company, which engages in the provision of private educational services. It operates through the following segments: Educational Services and Test Preparation Courses, Private Label Products and Livestreaming E-Commerce, Overseas Study Consulting Services, and Educational Materials and Distribution.