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 declared that its board has initiated a stock buyback plan on Tuesday, October 23rd 2018, which authorizes the company to buyback $0.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

New Oriental Education & Tech Grp (NYSE:EDU) issued its quarterly earnings data on Monday, January, 20th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.20 by $0.16. The business had revenue of $785.21 million for the quarter. New Oriental Education & Tech Grp had a net margin of 11.53% and a return on equity of 16.81%. During the same quarter in the previous year, the firm posted $0.14 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, April 28th 2020. View Earnings Estimates for New Oriental Education & Tech Grp.

New Oriental Education & Tech Grp issued an update on its third quarter 2020 Pre-Market earnings guidance on Monday, January, 20th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $983M - 1.006 billion.

8 brokerages have issued 1 year target prices for New Oriental Education & Tech Grp's shares. Their forecasts range from $92.97 to $158.00. On average, they expect New Oriental Education & Tech Grp's stock price to reach $134.28 in the next year. This suggests a possible upside of 0.8% from the stock's current price. 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 headlines about EDU stock have trended very negative recently, InfoTrie reports. The research group identifies positive and negative news coverage by monitoring 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 media sentiment score of -3.4 on InfoTrie's scale. They also gave headlines about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for New Oriental Education & Tech Grp.

New Oriental Education & Tech Grp saw a drop in short interest in December. As of December 31st, there was short interest totalling 2,150,000 shares, a drop of 19.2% from the December 15th total of 2,660,000 shares. Based on an average daily trading volume, of 898,200 shares, the short-interest ratio is presently 2.4 days. Approximately 1.4% of the company's 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), GSX Techedu (GSX), Chegg (CHGG), Grand Canyon Education (LOPE), Laureate Education (LAUR), Strategic Education (STRA), Graham (GHC), Afya (AFYA), Adtalem Global Education (ATGE), Youdao (DAO), Hailiang Education Group (HLG), Career Education (CECO), Perdoceo Education (PRDO), Arco Platform (ARCE) and Bright Scholar Education Holdngs (BEDU).

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), Paypal (PYPL), Mastercard (MA), Netflix (NFLX), Home Depot (HD), Veeva Systems (VEEV), Adobe (ADBE) and Fortinet (FTNT).

New Oriental Education & Tech Grp's stock is owned by many different of retail and institutional investors. Top institutional investors include Coronation Fund Managers Ltd. (0.43%), Zurcher Kantonalbank Zurich Cantonalbank (0.11%), Calamos Advisors LLC (0.03%), Hexavest Inc. (0.02%), NewSquare Capital LLC (0.00%) and Exane Derivatives (0.00%).

EDU stock was sold by a variety of institutional investors in the last quarter, including Coronation Fund Managers Ltd., Exane Derivatives and Huntington National Bank.

EDU stock was bought by a variety of institutional investors in the last quarter, including Zurcher Kantonalbank Zurich Cantonalbank, Calamos Advisors LLC, Assenagon Asset Management S.A., Winslow Evans & Crocker Inc., NewSquare Capital LLC, Hexavest Inc., Carroll Financial Associates Inc. and Nkcfo 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 $133.16.

New Oriental Education & Tech Grp has a market capitalization of $18.99 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]