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

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New Oriental Education & Technology Group in the last twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" EDU shares.
View EDU analyst ratings or view top-rated stocks.

6 brokerages have issued 12 month price objectives for New Oriental Education & Technology Group's stock. Their EDU share price forecasts range from $36.60 to $36.60. On average, they expect the company's share price to reach $36.60 in the next twelve months. This suggests that the stock has a possible downside of 5.2%.
View analysts price targets for EDU or view top-rated stocks among Wall Street analysts.

New Oriental Education & Technology Group's stock was trading at $34.82 at the beginning of 2023. Since then, EDU stock has increased by 10.9% and is now trading at $38.61.
View the best growth stocks for 2023 here.

New Oriental Education & Technology Group saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 5,190,000 shares, an increase of 14.6% from the February 28th total of 4,530,000 shares. Based on an average daily trading volume, of 2,460,000 shares, the days-to-cover ratio is presently 2.1 days. Currently, 3.2% of the shares of the company are short sold.
View New Oriental Education & Technology Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023.
View our EDU earnings forecast.

New Oriental Education & Technology Group Inc. (NYSE:EDU) issued its earnings results on Tuesday, January, 17th. The company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by $0.12. The firm earned $638.20 million during the quarter, compared to the consensus estimate of $614.16 million. New Oriental Education & Technology Group had a negative trailing twelve-month return on equity of 6.32% and a negative net margin of 9.72%. New Oriental Education & Technology Group's quarterly revenue was down 3.0% compared to the same quarter last year. During the same period last year, the firm earned $1.00 EPS.

ETFs with the largest weight of New Oriental Education & Technology Group (NYSE:EDU) stock in their portfolio include Global X Education ETF (EDUT), Invesco Golden Dragon China ETF (PGJ), AdvisorShares Dorsey Wright ADR ETF (AADR), Jacob Forward ETF (JFWD), Invesco RAFI Strategic Emerging Markets ETF (ISEM), First Trust International IPO ETF (FPXI), Goldman Sachs Innovate Equity ETF (GINN) and Avantis Emerging Markets Equity ETF (AVEM).

New Oriental Education & Technology Group's stock 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 market closes 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.

New Oriental Education & Technology Group declared that its Board of Directors has initiated a share buyback program on Wednesday, July 27th 2022, which allows the company to buyback $0.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's management believes its stock is undervalued.

New Oriental Education & Technology Group issued an update on its third quarter 2023 earnings guidance on Tuesday, January, 17th. The company provided EPS guidance of for the period. The company issued revenue guidance of $702.80 million-$719.80 million, compared to the consensus revenue estimate of $668.82 million.

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).

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

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.

One share of EDU stock can currently be purchased for approximately $38.61.

New Oriental Education & Technology Group (NYSE:EDU) has a market capitalization of $6.55 billion and generates $3.11 billion in revenue each year. The company earns $-1,187,720,000.00 in net income (profit) each year or ($0.45) on an earnings per share basis.

The company employs 53,071 workers across the globe.

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.