New Oriental Education & Tech Grp Stock Price, Forecast & Analysis (NYSE:EDU)

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

New Oriental Education & Tech Grp declared that its board has authorized a stock buyback program on Tuesday, October 23rd 2018, 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. Shares repurchase programs are typically an indication that the company's management believes its shares are undervalued.

New Oriental Education & Tech Grp (NYSE:EDU) issued its quarterly earnings data on Tuesday, October, 22nd. The company reported $1.44 EPS for the quarter, beating the Zacks' consensus estimate of $1.37 by $0.07. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. New Oriental Education & Tech Grp had a net margin of 9.79% and a return on equity of 14.22%. The company's revenue for the quarter was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $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 brokers have issued 1-year price targets for New Oriental Education & Tech Grp's stock. 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 6.2%. 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 stories about EDU stock have been trending somewhat negative this week, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. New Oriental Education & Tech Grp earned a coverage optimism score of -1.6 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 3.0 out of 10, meaning that recent news coverage is unlikely to have an effect on the company's share price in the near future. View News Stories for New Oriental Education & Tech Grp.

New Oriental Education & Tech Grp saw a decrease in short interest in October. As of October 31st, there was short interest totalling 2,730,000 shares, a decrease of 10.8% from the September 30th 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 shares of the stock are short sold. 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), Laureate Education (LAUR), GSX Techedu (GSX), Graham (GHC), Strategic Education (STRA), Afya (AFYA), Adtalem Global Education (ATGE), Hailiang Education Group (HLG), Career Education (CECO), OneSmart International Edun Gr (ONE), Bright Scholar Education Holdngs (BEDU), Arco Platform (ARCE) and Puxin (NEW).

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), Mastercard (MA), Paypal (PYPL), Home Depot (HD), Veeva Systems (VEEV), TAL Education Group (TAL), Netflix (NFLX) and QUALCOMM (QCOM).

New Oriental Education & Tech Grp's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Genesis Investment Management LLP (2.88%), Coronation Fund Managers Ltd. (0.81%), Broad Peak Investment Holdings Ltd. (0.46%), Public Employees Retirement Association of Colorado (0.40%), Sumitomo Mitsui Trust Holdings Inc. (0.34%) and USS Investment Management Ltd (0.33%).

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, Handelsbanken Fonder AB, SG Americas Securities LLC, Zurcher Kantonalbank Zurich Cantonalbank, CIBC Private Wealth Group LLC and Guinness Atkinson Asset Management Inc.

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

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 $119.13.

New Oriental Education & Tech Grp has a market capitalization of $16.99 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]