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 of Directors has initiated a stock repurchase plan on Tuesday, October 23rd 2018, which allows the company to buyback $0.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its stock is undervalued.

New Oriental Education & Tech Grp (NYSE:EDU) posted its earnings results on Tuesday, October, 22nd. The company reported $1.44 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.37 by $0.07. The firm earned $1.07 billion during the quarter, compared to analyst estimates 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 was up 24.6% on a year-over-year basis. During the same quarter last year, the business posted $1.16 EPS. 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 issued an update on 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 12-month price objectives for New Oriental Education & Tech Grp's stock. Their forecasts range from $75.00 to $143.00. On average, they expect New Oriental Education & Tech Grp's share price to reach $111.71 in the next twelve months. This suggests that the stock has a possible downside of 7.5%. 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.

Media coverage about EDU stock has trended extremely negative this week, according to InfoTrie. The research firm identifies negative and positive press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. New Oriental Education & Tech Grp earned a coverage optimism score of -4.0 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for New Oriental Education & Tech Grp.

New Oriental Education & Tech Grp saw a drop in short interest in the month of November. As of November 15th, there was short interest totalling 2,730,000 shares, a drop of 10.8% from the October 31st total of 3,060,000 shares. Based on an average daily volume of 1,080,000 shares, the days-to-cover ratio is currently 2.5 days. Approximately 1.7% of the company's shares 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), GSX Techedu (GSX), Chegg (CHGG), Grand Canyon Education (LOPE), 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 a number of of institutional and retail investors. Top institutional shareholders 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 purchased 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 $120.79.

New Oriental Education & Tech Grp has a market capitalization of $17.22 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]