NYSE:EDU - New Oriental Education & Tech Grp Stock Price, Forecast & News

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

New Oriental Education & Tech Grp announced that its board has authorized a share repurchase program on Tuesday, October 23rd 2018, which authorizes the company to buyback $0.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

New Oriental Education & Tech Grp (NYSE:EDU) announced its earnings results on Tuesday, October, 22nd. The company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.07. The company earned $1.07 billion during the quarter, compared to analysts' expectations of $1.07 billion. New Oriental Education & Tech Grp had a return on equity of 14.22% and a net margin of 9.79%. The firm's revenue for the quarter was up 24.6% on a year-over-year basis. During the same period last year, the firm posted $1.16 earnings per share. View New Oriental Education & Tech Grp's Earnings History.

New Oriental Education & Tech Grp is scheduled to release their next quarterly earnings announcement on Tuesday, January 28th 2020. View Earnings Estimates for New Oriental Education & Tech Grp.

New Oriental Education & Tech Grp updated its second quarter 2020 earnings guidance on Tuesday, October, 22nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $753.6-771 million, compared to the consensus revenue estimate of $760.2 million.

8 Wall Street analysts have issued twelve-month target prices for New Oriental Education & Tech Grp's shares. Their forecasts range from $75.00 to $143.00. On average, they anticipate New Oriental Education & Tech Grp's share price to reach $111.71 in the next year. This suggests that the stock has a possible downside of 8.5%. View Analyst Price Targets for New Oriental Education & Tech Grp.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Oriental Education & Tech Grp in the last year. There are currently 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for New Oriental Education & Tech Grp.

News articles about EDU stock have been trending somewhat positive on Friday, InfoTrie Sentiment reports. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. New Oriental Education & Tech Grp earned a coverage optimism score of 1.0 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for New Oriental Education & Tech Grp.

New Oriental Education & Tech Grp saw a decrease in short interest in the month of November. As of November 15th, there was short interest totalling 2,730,000 shares, a decrease of 10.8% from the October 31st total of 3,060,000 shares. Based on an average daily trading volume, of 1,080,000 shares, the days-to-cover ratio is currently 2.5 days. Approximately 1.7% of the shares of the stock are sold short. View New Oriental Education & Tech Grp's Current Options Chain.

Some companies that are related to New Oriental Education & Tech Grp include TAL Education Group (TAL), Chegg (CHGG), Grand Canyon Education (LOPE), GSX Techedu (GSX), Laureate Education (LAUR), Graham (GHC), Strategic Education (STRA), Afya (AFYA), Adtalem Global Education (ATGE), Hailiang Education Group (HLG), Youdao (DAO), Career Education (CECO), Bright Scholar Education Holdngs (BEDU), OneSmart International Edun Gr (ONE) and Arco Platform (ARCE).

Based on aggregate information from My MarketBeat watchlists, some companies that other New Oriental Education & Tech Grp investors own include Alibaba Group (BABA), Baidu (BIDU), NVIDIA (NVDA), Netflix (NFLX), Paypal (PYPL), Mastercard (MA), TAL Education Group (TAL), JD.Com (JD), Veeva Systems (VEEV) and Home Depot (HD).

New Oriental Education & Tech Grp's stock is owned by many different of institutional and retail investors. Top institutional investors include Genesis Investment Management LLP (2.88%), State Street Corp (1.98%), Coronation Fund Managers Ltd. (0.81%), Man Group plc (0.48%), Broad Peak Investment Holdings Ltd. (0.46%) and Public Employees Retirement Association of Colorado (0.40%).

EDU stock was sold by a variety of institutional investors in the last quarter, including Coronation Fund Managers Ltd., WT Asset Management Ltd, Public Employees Retirement Association of Colorado, State Street Corp, Point72 Asset Management L.P., Penserra Capital Management LLC, Handelsbanken Fonder AB and SG Americas Securities LLC.

EDU stock was bought by a variety of institutional investors in the last quarter, including Genesis Investment Management LLP, Man Group plc, USS Investment Management Ltd, Broad Peak Investment Holdings Ltd., California Public Employees Retirement System, Aubrey Capital Management Ltd, Millennium Management LLC and Russell Investments Group Ltd..

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

One share of EDU stock can currently be purchased for approximately $122.03.

New Oriental Education & Tech Grp has a market capitalization of $17.40 billion and generates $3.10 billion in revenue each year. The company earns $238.07 million in net income (profit) each year or $1.50 on an earnings per share basis. New Oriental Education & Tech Grp employs 64,327 workers across the globe.View Additional Information About New Oriental Education & Tech Grp.

The official website for New Oriental Education & Tech Grp is http://www.neworiental.org/.

New Oriental Education & Tech Grp's mailing address is NO. 6 HAI DIAN ZHONG STREET 9TH FLOOR, BEIJING F4, 100080. The company can be reached via phone at 86-10-6090-8000 or via email at [email protected]