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

New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) is set to release its earnings data before the market opens on Wednesday, April 24th. Analysts expect New Oriental Education & Technology Group to post earnings of $0.74 per share for the quarter. Individual that wish to register for the company's earnings conference call can do so using this link.

New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last posted its earnings results on Wednesday, January 24th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.23). New Oriental Education & Technology Group had a net margin of 8.54% and a return on equity of 7.97%. The business had revenue of $869.60 million for the quarter, compared to analyst estimates of $814.01 million. During the same quarter last year, the business earned $0.01 earnings per share. New Oriental Education & Technology Group's 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 Price Performance

EDU stock traded down $0.04 during trading on Tuesday, hitting $85.50. The stock had a trading volume of 2,114,072 shares, compared to its average volume of 1,666,878. New Oriental Education & Technology Group has a twelve month low of $35.70 and a twelve month high of $98.20. The stock has a market capitalization of $14.51 billion, a P/E ratio of 46.98 and a beta of 0.49. The company's 50-day moving average price is $89.78 and its two-hundred day moving average price is $77.85.

Analyst Ratings Changes

Several equities research analysts recently issued reports on EDU shares. StockNews.com cut New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a report on Thursday, January 4th. Morgan Stanley lifted their price objective on New Oriental Education & Technology Group from $85.00 to $95.00 and gave the stock an "overweight" rating in a report on Thursday, March 28th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of EDU. JPMorgan Chase & Co. raised its position in shares of New Oriental Education & Technology Group by 22.4% during the 1st quarter. JPMorgan Chase & Co. now owns 3,182,422 shares of the company's stock valued at $3,659,000 after buying an additional 582,351 shares during the period. Bank of New York Mellon Corp grew its stake in shares of New Oriental Education & Technology Group by 10.1% in the first quarter. Bank of New York Mellon Corp now owns 1,739,685 shares of the company's stock worth $2,000,000 after acquiring an additional 158,968 shares in the last quarter. American Century Companies Inc. grew its stake in shares of New Oriental Education & Technology Group by 1.0% during the first quarter. American Century Companies Inc. now owns 483,904 shares of the company's stock worth $556,000 after purchasing an additional 4,888 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of New Oriental Education & Technology Group by 186.1% during the first quarter. Acadian Asset Management LLC now owns 193,107 shares of the company's stock worth $221,000 after purchasing an additional 125,599 shares in the last quarter. Finally, BlackRock Inc. grew its stake in shares of New Oriental Education & Technology Group by 2.4% during the first quarter. BlackRock Inc. now owns 64,329,110 shares of the company's stock worth $73,977,000 after purchasing an additional 1,492,990 shares in the last quarter.

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.