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NYSE:EDU

New Oriental Education & Technology Group - EDU Stock Forecast, Price & News

$26.27
+0.59 (+2.30%)
(As of 08/11/2022 10:38 AM ET)
Add
Compare
Today's Range
$25.98
$26.69
50-Day Range
$12.85
$29.00
52-Week Range
$8.40
$29.73
Volume
25,867 shs
Average Volume
3.36 million shs
Market Capitalization
$4.46 billion
P/E Ratio
12.27
Dividend Yield
N/A
Price Target
$36.60

New Oriental Education & Technology Group MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
40.3% Upside
$36.60 Price Target
Short Interest
Healthy
5.72% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($5.80) to $0.03 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.60 out of 5 stars

Consumer Discretionary Sector

93rd out of 289 stocks

Educational Services Industry

8th out of 26 stocks

EDU stock logo

About New Oriental Education & Technology Group (NYSE:EDU) Stock

New Oriental Education & Technology Group Inc. provides private educational services under the New Oriental brand in the People's Republic of China. It operates through K-12 AST, Test Preparation and Other Courses; Online Education; and Others segments. The company offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the People's Republic of China, and the Commonwealth countries; and after-school tutoring courses for middle and high school students to enhance their exam scores, as well as for children to teach English. It also provides language training courses, including English, as well as other foreign languages, such as German, Japanese, French, Korean, Italian, and Spanish; operates a full-time private primary and secondary school in Yangzhou seeking a full curriculum with a focus on English; develops and edits educational materials for language training and test preparation; and offers online education programs that include college, K-12, and pre-school education. In addition, the company offers overseas studies consulting and overseas study tour services. As of May 31, 2021, it offered educational programs, services, and products to students through a network of 122 schools, 1,547 learning centers, and 11 bookstores, as well as through its online learning platforms. The company was founded in 1993 and is headquartered in Beijing, the People's Republic of China.

New Oriental Education & Technology Group Stock Up 3.6 %

New Oriental Education & Technology Group stock traded up $0.90 during trading hours on Wednesday, hitting $25.68. The stock had a trading volume of 1,528,646 shares, compared to its average volume of 4,400,257. New Oriental Education & Technology Group has a 12-month low of $8.40 and a 12-month high of $29.73. The stock's 50-day moving average price is $21.66 and its 200-day moving average price is $15.73.

New Oriental Education & Technology Group (NYSE:EDU - Get Rating) last issued its earnings results on Wednesday, July 27th. The company reported ($0.94) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.97). The business had revenue of $524.00 million for the quarter, compared to analyst estimates of $544.92 million. New Oriental Education & Technology Group's revenue was down 56.7% compared to the same quarter last year. On average, analysts anticipate that New Oriental Education & Technology Group will post -5.8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

EDU has been the topic of a number of research reports. UBS Group raised shares of New Oriental Education & Technology Group from a "neutral" rating to a "buy" rating in a research note on Monday, June 6th. StockNews.com raised shares of New Oriental Education & Technology Group from a "sell" rating to a "hold" rating in a research note on Monday, May 2nd. JPMorgan Chase & Co. raised shares of New Oriental Education & Technology Group from a "neutral" rating to an "overweight" rating in a research report on Monday, June 13th. Bank of America raised shares of New Oriental Education & Technology Group from a "neutral" rating to a "buy" rating and lifted their price target for the company from $18.80 to $36.60 in a research report on Friday, July 29th. Finally, CICC Research raised shares of New Oriental Education & Technology Group from a "market perform" rating to an "outperform" rating in a research report on Thursday, July 14th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, New Oriental Education & Technology Group currently has a consensus rating of "Moderate Buy" and an average price target of $36.60.

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EDU Stock News Headlines

New Oriental: Fiscal Q4 Earnings Snapshot
New Oriental Education & Technology Group Q4 Loss Widens
Top 10 Stock Picks of Randall Smith’s Alden Global
China Edutech Surge Lures Investors as US Melts Down
See More Headlines
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EDU Company Calendar

Last Earnings
7/27/2022
Today
8/11/2022
Next Earnings (Estimated)
9/23/2022
Fiscal Year End
5/31/2023

Industry, Sector and Symbol

Industry
Educational services
Sub-Industry
N/A
Employees
105,212
Year Founded
1969

Price Target and Rating

Average Stock Price Forecast
$36.60
High Stock Price Forecast
$36.60
Low Stock Price Forecast
$36.60
Forecasted Upside/Downside
+39.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
8 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$3.11 billion
Cash Flow
$0.18 per share
Book Value
$22.35 per share

Miscellaneous

Free Float
143,394,000
Market Cap
$4.46 billion
Optionable
Optionable
Beta
0.54

Social Links


Key Executives

  • Mr. Minhong Yu (Age 59)
    Founder & Exec. Chairman
  • Mr. Chenggang Zhou (Age 60)
    CEO & Director
  • Mr. Zhihui Yang (Age 48)
    Exec. Pres & CFO
  • Ms. Sisi Zhao
    Investor Relations Director
  • Mr. Tung-Jung Hsieh (Age 58)
    Sr. Adviser & Director
  • Mr. Qiang Wu (Age 49)
    Head of The Beijing School
  • Mr. Zheng Zhao
    Gen. Mang. & Managing Partner, New Oriental Education Culture Industry Fund













EDU Stock - Frequently Asked Questions

Should I buy or sell New Oriental Education & Technology Group stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for New Oriental Education & Technology Group in the last year. There are currently 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" EDU shares.
View EDU analyst ratings
or view top-rated stocks.

What is New Oriental Education & Technology Group's stock price forecast for 2022?

8 analysts have issued twelve-month price targets for New Oriental Education & Technology Group's shares. Their EDU share price forecasts range from $36.60 to $36.60. On average, they anticipate the company's stock price to reach $36.60 in the next year. This suggests a possible upside of 42.5% from the stock's current price.
View analysts price targets for EDU
or view top-rated stocks among Wall Street analysts.

How have EDU shares performed in 2022?

New Oriental Education & Technology Group's stock was trading at $21.00 at the start of the year. Since then, EDU shares have increased by 22.3% and is now trading at $25.68.
View the best growth stocks for 2022 here
.

Are investors shorting New Oriental Education & Technology Group?

New Oriental Education & Technology Group saw a drop in short interest in the month of July. As of July 31st, there was short interest totaling 9,800,000 shares, a drop of 12.0% from the July 15th total of 11,140,000 shares. Based on an average trading volume of 5,010,000 shares, the days-to-cover ratio is currently 2.0 days. Approximately 5.7% of the shares of the stock are sold short.
View New Oriental Education & Technology Group's Short Interest
.

When is New Oriental Education & Technology Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, September 23rd 2022.
View our EDU earnings forecast
.

How were New Oriental Education & Technology Group's earnings last quarter?

New Oriental Education & Technology Group Inc. (NYSE:EDU) posted its quarterly earnings data on Wednesday, July, 27th. The company reported ($0.94) EPS for the quarter, missing the consensus estimate of $0.03 by $0.97. The firm earned $524 million during the quarter, compared to the consensus estimate of $544.92 million. The firm's revenue was down 56.7% on a year-over-year basis.

When did New Oriental Education & Technology Group's stock split?

Shares of New Oriental Education & Technology Group reverse split on Friday, April 8th 2022. The 1-10 reverse split was announced on Friday, April 8th 2022. The number of shares owned by shareholders was adjusted after the closing bell on Friday, April 8th 2022. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

How will New Oriental Education & Technology Group's stock buyback program work?

New Oriental Education & Technology Group announced that its Board of Directors has approved a stock repurchase program on Wednesday, July 27th 2022, which permits the company to repurchase $0.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.

What guidance has New Oriental Education & Technology Group issued on next quarter's earnings?

New Oriental Education & Technology Group updated its first quarter 2023 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $641.30 million-$680.60 million.

What other stocks do shareholders of New Oriental Education & Technology Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other New Oriental Education & Technology Group investors own include Alibaba Group (BABA), NVIDIA (NVDA), Baidu (BIDU), Adobe (ADBE), Netflix (NFLX), Walt Disney (DIS), Tesla (TSLA), Mastercard (MA), PayPal (PYPL) and QUALCOMM (QCOM).

What is New Oriental Education & Technology Group's stock symbol?

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

Who are New Oriental Education & Technology Group's major shareholders?

New Oriental Education & Technology Group's stock is owned by many different retail and institutional investors. Top institutional investors include Shah Capital Management (1.77%), Allspring Global Investments Holdings LLC (0.61%), Pictet Asset Management SA (0.36%), Assenagon Asset Management S.A. (0.34%), IvyRock Asset Management HK Ltd (0.33%) and Ariose Capital Management Ltd (0.19%).

How do I buy shares of New Oriental Education & Technology Group?

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

What is New Oriental Education & Technology Group's stock price today?

One share of EDU stock can currently be purchased for approximately $25.68.

How much money does New Oriental Education & Technology Group make?

New Oriental Education & Technology Group (NYSE:EDU) has a market capitalization of $4.36 billion and generates $3.11 billion in revenue each year.

How many employees does New Oriental Education & Technology Group have?

The company employs 105,212 workers across the globe.

When was New Oriental Education & Technology Group founded?

New Oriental Education & Technology Group was founded in 1969.

How can I contact New Oriental Education & Technology Group?

New Oriental Education & Technology Group's mailing address is NO. 6 HAI DIAN ZHONG STREET 9TH FLOOR, BEIJING F4, 100080. The official website for the company is www.neworiental.org. The company can be reached via phone at 861060908000, via email at zhaosisi@xdf.cn, or via fax at 86-10-6260-5511.

This page (NYSE:EDU) was last updated on 8/11/2022 by MarketBeat.com Staff

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