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

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New Oriental Education & Technology Group in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" EDU shares.
View EDU analyst ratings or view top-rated stocks.

2 brokers have issued 1-year price targets for New Oriental Education & Technology Group's stock. Their EDU share price targets range from $66.00 to $95.00. On average, they predict the company's stock price to reach $77.33 in the next year. This suggests that the stock has a possible downside of 9.5%.
View analysts price targets for EDU or view top-rated stocks among Wall Street analysts.

New Oriental Education & Technology Group's stock was trading at $73.28 on January 1st, 2024. Since then, EDU stock has increased by 16.6% and is now trading at $85.45.
View the best growth stocks for 2024 here.

New Oriental Education & Technology Group saw a decline in short interest in the month of March. As of March 15th, there was short interest totaling 4,700,000 shares, a decline of 11.0% from the February 29th total of 5,280,000 shares. Based on an average daily volume of 1,760,000 shares, the short-interest ratio is currently 2.7 days. Approximately 2.8% of the company's shares are short sold.
View New Oriental Education & Technology Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our EDU earnings forecast.

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) released its quarterly 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. The company earned $869.60 million during the quarter, compared to analyst estimates of $814.01 million. New Oriental Education & Technology Group had a trailing twelve-month return on equity of 7.97% and a net margin of 8.54%. New Oriental Education & Technology Group's revenue for the quarter was up 36.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $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).

Shares of New Oriental Education & Technology Group reverse split on the morning of 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 closing bell 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 of Directors has authorized a share buyback program on Wednesday, July 27th 2022, which allows the company to repurchase $0.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued.

New Oriental Education & Technology Group issued an update on its third quarter 2024 earnings guidance on Thursday, January, 25th. The company provided earnings per share (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 number of institutional and retail investors. Top institutional shareholders include Matthews International Capital Management LLC (0.06%) 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.
Compare Top Brokerages Here.