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

0 analysts have issued twelve-month target prices for New Oriental Education & Technology Group's stock. Their EDU share price forecasts range from $66.00 to $71.00. On average, they anticipate the company's share price to reach $68.50 in the next twelve months. This suggests a possible upside of 17.5% from the stock's current price.
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 $34.82 at the start of the year. Since then, EDU shares have increased by 67.4% and is now trading at $58.30.
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New Oriental Education & Technology Group saw a increase in short interest in September. As of September 15th, there was short interest totaling 3,490,000 shares, an increase of 21.6% from the August 31st total of 2,870,000 shares. Based on an average daily trading volume, of 1,570,000 shares, the days-to-cover ratio is presently 2.2 days. Approximately 2.1% of the shares of the stock 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, October 25th 2023.
View our EDU earnings forecast.

New Oriental Education & Technology Group Inc. (NYSE:EDU) released its quarterly earnings results on Wednesday, July, 26th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by $0.90. The firm had revenue of $860.57 million for the quarter, compared to analyst estimates of $827.96 million. New Oriental Education & Technology Group had a net margin of 5.92% and a trailing twelve-month return on equity of 4.67%.

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), Invesco Golden Dragon China ETF (PGJ) and Jacob Forward ETF (JFWD).First Trust International IPO ETF (FPXI).

New Oriental Education & Technology Group shares reverse split 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 of Directors has authorized a stock repurchase plan on Wednesday, July 27th 2022, which permits the company to repurchase $0.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

New Oriental Education & Technology Group issued an update on its first quarter 2024 earnings guidance on Wednesday, July, 26th. The company provided EPS guidance of for the period. The company issued revenue guidance of $983.20M-$1.01 billion, compared to the consensus revenue estimate of $939.47 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "EDU."

New Oriental Education & Technology Group's stock is owned by many different institutional and retail investors. Top institutional investors include Baupost Group LLC MA (2.43%), KEYWISE CAPITAL MANAGEMENT HK Ltd (2.34%), Yiheng Capital Management L.P. (2.03%), Schroder Investment Management Group (1.96%), Renaissance Technologies LLC (1.93%) and Keystone Investors PTE Ltd. (1.02%).

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.
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One share of EDU stock can currently be purchased for approximately $58.30.

New Oriental Education & Technology Group (NYSE:EDU) has a market capitalization of $9.89 billion and generates $3.00 billion in revenue each year. The company earns $177.34 million in net income (profit) each year or $1.03 on an earnings per share basis.

The company employs 53,071 workers across the globe.

New Oriental Education & Technology Group's mailing address is NO. 6 HAI DIAN ZHONG STREET 9TH FLOOR, BEIJING F4, 100080. The official website for the company 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.