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China July exports rise, with trade surplus at record-high
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S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
pixel
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
pixel
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
pixel
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
NYSE:EDU

New Oriental Education & Technology Group - EDU Stock Forecast, Price & News

$26.84
-0.29 (-1.07%)
(As of 08/5/2022 08:48 PM ET)
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Compare
Today's Range
$26.65
$27.27
50-Day Range
$11.92
$29.00
52-Week Range
$8.40
$29.73
Volume
1.29 million shs
Average Volume
4.44 million shs
Market Capitalization
$4.55 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$36.60

New Oriental Education & Technology Group MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
36.4% Upside
$36.60 Price Target
Short Interest
Healthy
6.50% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.00mentions of New Oriental Education & Technology Group in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($5.80) to $0.03 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.34 out of 5 stars

Consumer Discretionary Sector

135th out of 365 stocks

Educational Services Industry

13th out of 41 stocks

EDU stock logo

About New Oriental Education & Technology Group (NYSE:EDU) Stock

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. It also provides language training courses, including English, as well as other foreign languages, such as German, Japanese, French, Korean, Italian, and Spanish; operates a full-time private primary and secondary school in Yangzhou seeking a full curriculum with a focus on English; develops and edits educational materials for language training and test preparation; and offers online education programs that include college, K-12, and pre-school education. In addition, the company offers overseas studies consulting and overseas study tour services. As of May 31, 2021, it offered educational programs, services, and products to students through a network of 122 schools, 1,547 learning centers, and 11 bookstores, as well as through its online learning platforms. The company was founded in 1993 and is headquartered in Beijing, the People's Republic of China.

Wall Street Analysts Forecast Growth

EDU has been the subject of several analyst reports. UBS Group upgraded shares of New Oriental Education & Technology Group from a "neutral" rating to a "buy" rating in a report on Monday, June 6th. CICC Research upgraded shares of New Oriental Education & Technology Group from a "market perform" rating to an "outperform" rating in a report on Thursday, July 14th. CLSA upgraded shares of New Oriental Education & Technology Group from an "underperform" rating to an "outperform" rating in a report on Wednesday, April 27th. Macquarie upgraded shares of New Oriental Education & Technology Group from a "neutral" rating to an "outperform" rating in a report on Thursday, July 28th. Finally, Bank of America upgraded shares of New Oriental Education & Technology Group from a "neutral" rating to a "buy" rating and raised their price target for the stock from $18.80 to $36.60 in a report on Friday, July 29th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, New Oriental Education & Technology Group presently has a consensus rating of "Moderate Buy" and an average price target of $36.60.

New Oriental Education & Technology Group Stock Performance

Shares of EDU Stock traded down $0.29 during trading hours on Friday, hitting $26.84. 1,290,127 shares of the company were exchanged, compared to its average volume of 3,680,850. The firm has a market cap of $4.55 billion, a P/E ratio of 13.29 and a beta of 0.54. New Oriental Education & Technology Group has a fifty-two week low of $8.40 and a fifty-two week high of $29.73. The company has a 50 day simple moving average of $20.92 and a two-hundred day simple moving average of $15.55.

New Oriental Education & Technology Group (NYSE:EDU - Get Rating) last announced its quarterly earnings data on Wednesday, July 27th. The company reported ($0.94) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.97). The firm had revenue of $524.00 million for the quarter, compared to the consensus estimate of $544.92 million. New Oriental Education & Technology Group's quarterly revenue was down 56.7% on a year-over-year basis. As a group, sell-side analysts expect that New Oriental Education & Technology Group will post -5.8 EPS for the current fiscal year.

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EDU Stock News Headlines

New Oriental: Fiscal Q4 Earnings Snapshot
New Oriental Education & Technology Group Q4 Loss Widens
Top 10 Stock Picks of Randall Smith’s Alden Global
China Edutech Surge Lures Investors as US Melts Down
See More Headlines
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EDU Company Calendar

Last Earnings
7/27/2022
Today
8/08/2022
Next Earnings (Estimated)
9/23/2022
Fiscal Year End
5/31/2023

Industry, Sector and Symbol

Industry
Educational services
Sub-Industry
N/A
Employees
105,212
Year Founded
1969

Price Target and Rating

Average Stock Price Forecast
$36.60
High Stock Price Forecast
$36.60
Low Stock Price Forecast
$36.60
Forecasted Upside/Downside
+36.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
8 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$3.11 billion
Cash Flow
$0.17 per share
Book Value
$22.35 per share

Miscellaneous

Free Float
143,394,000
Market Cap
$4.55 billion
Optionable
Optionable
Beta
0.54

Social Links


Key Executives

  • Mr. Minhong Yu (Age 59)
    Founder & Exec. Chairman
  • Mr. Chenggang Zhou (Age 60)
    CEO & Director
  • Mr. Zhihui Yang (Age 48)
    Exec. Pres & CFO
  • Ms. Sisi Zhao
    Investor Relations Director
  • Mr. Tung-Jung Hsieh (Age 58)
    Sr. Adviser & Director
  • Mr. Qiang Wu (Age 49)
    Head of The Beijing School
  • Mr. Zheng Zhao
    Gen. Mang. & Managing Partner, New Oriental Education Culture Industry Fund













EDU Stock - Frequently Asked Questions

Should I buy or sell New Oriental Education & Technology Group stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New Oriental Education & Technology Group in the last year. There are currently 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" New Oriental Education & Technology Group stock.
View analyst ratings for New Oriental Education & Technology Group
or view top-rated stocks.

What is New Oriental Education & Technology Group's stock price forecast for 2022?

8 equities research analysts have issued twelve-month price objectives for New Oriental Education & Technology Group's shares. Their EDU stock forecasts range from $36.60 to $36.60. On average, they predict New Oriental Education & Technology Group's stock price to reach $36.60 in the next twelve months. This suggests a possible upside of 36.4% from the stock's current price.
View analysts' price targets for New Oriental Education & Technology Group
or view top-rated stocks among Wall Street analysts.

How has New Oriental Education & Technology Group's stock performed in 2022?

New Oriental Education & Technology Group's stock was trading at $21.00 at the beginning of the year. Since then, EDU stock has increased by 27.8% and is now trading at $26.84.
View the best growth stocks for 2022 here
.

When is New Oriental Education & Technology Group's next earnings date?

New Oriental Education & Technology Group is scheduled to release its next quarterly earnings announcement on Friday, September 23rd 2022.
View our earnings forecast for New Oriental Education & Technology Group
.

How were New Oriental Education & Technology Group's earnings last quarter?

New Oriental Education & Technology Group Inc. (NYSE:EDU) posted its earnings results on Wednesday, July, 27th. The company reported ($0.94) EPS for the quarter, missing analysts' consensus estimates of $0.03 by $0.97. The firm earned $524 million during the quarter, compared to analyst estimates of $544.92 million. New Oriental Education & Technology Group's quarterly revenue was down 56.7% on a year-over-year basis.

When did New Oriental Education & Technology Group's stock split? How did New Oriental Education & Technology Group's stock split work?

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 New Oriental Education & Technology Group stock prior to the reverse split would have 10 shares after the split.

How will New Oriental Education & Technology Group's stock buyback program work?

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

What guidance has New Oriental Education & Technology Group issued on next quarter's earnings?

New Oriental Education & Technology Group issued an update on its first quarter 2023 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $641.30 million-$680.60 million.

What other stocks do shareholders of New Oriental Education & Technology Group own?

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).

What is New Oriental Education & Technology Group's stock symbol?

New Oriental Education & Technology Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "EDU."

Who are New Oriental Education & Technology Group's major shareholders?

New Oriental Education & Technology Group's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Shah Capital Management (1.77%), Allspring Global Investments Holdings LLC (0.61%), Assenagon Asset Management S.A. (0.34%), SG Americas Securities LLC (0.11%), abrdn plc (0.08%) and Freemont Management S.A. (0.05%).

How do I buy shares of New Oriental Education & Technology Group?

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

What is New Oriental Education & Technology Group's stock price today?

One share of EDU stock can currently be purchased for approximately $26.84.

How much money does New Oriental Education & Technology Group make?

New Oriental Education & Technology Group (NYSE:EDU) has a market capitalization of $4.55 billion and generates $3.11 billion in revenue each year.

How many employees does New Oriental Education & Technology Group have?

New Oriental Education & Technology Group employs 105,212 workers across the globe.

When was New Oriental Education & Technology Group founded?

New Oriental Education & Technology Group was founded in 1969.

How can I contact New Oriental Education & Technology Group?

New Oriental Education & Technology Group's mailing address is NO. 6 HAI DIAN ZHONG STREET 9TH FLOOR, BEIJING F4, 100080. The official website for New Oriental Education & Technology Group is www.neworiental.org. The company can be reached via phone at 861060908000, via email at zhaosisi@xdf.cn, or via fax at 86-10-6260-5511.

This page (NYSE:EDU) was last updated on 8/8/2022 by MarketBeat.com Staff

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