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 initiated a share buyback plan 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 repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its shares are undervalued.

New Oriental Education & Tech Grp (NYSE:EDU) issued its quarterly earnings results on Monday, January, 20th. The company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.16. New Oriental Education & Tech Grp had a net margin of 9.79% and a return on equity of 14.22%. During the same period in the previous year, the firm earned $0.14 EPS. View New Oriental Education & Tech Grp's Earnings History.

New Oriental Education & Tech Grp updated 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 Wall Street analysts have issued 12 month price objectives for New Oriental Education & Tech Grp's shares. Their forecasts range from $92.97 to $155.00. On average, they anticipate New Oriental Education & Tech Grp's stock price to reach $123.14 in the next twelve months. This suggests that the stock has a possible downside of 9.3%. 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 recently, InfoTrie Sentiment reports. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. New Oriental Education & Tech Grp earned a news sentiment score of 1.7 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for New Oriental Education & Tech Grp.

New Oriental Education & Tech Grp saw a decline in short interest in the month of December. As of December 31st, there was short interest totalling 2,150,000 shares, a decline 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 currently 2.4 days. Currently, 1.4% 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), 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), Home Depot (HD), Adobe (ADBE), Netflix (NFLX), Visa (V) and Veeva Systems (VEEV).

New Oriental Education & Tech Grp's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Calamos Advisors LLC (0.03%), Hexavest Inc. (0.02%), NewSquare Capital LLC (0.00%), Assenagon Asset Management S.A. (0.00%), Winslow Evans & Crocker Inc. (0.00%) and Huntington National Bank (0.00%).

EDU stock was sold by a variety of institutional investors in the last quarter, including Huntington National Bank.

EDU stock was acquired by a variety of institutional investors in the last quarter, including 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 $135.75.

New Oriental Education & Tech Grp has a market capitalization of $19.36 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]