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 of Directors has approved a stock buyback plan on Tuesday, October 23rd 2018, which permits the company to repurchase $0.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

New Oriental Education & Tech Grp (NYSE:EDU) announced its quarterly earnings data on Monday, January, 20th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.16. The firm 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 16.26%. During the same period in the prior year, the business earned $0.14 EPS. 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 updated its third quarter 2020 Pre-Market earnings guidance on Monday, January, 20th. The company provided EPS guidance of for the period. The company issued revenue guidance of $983M - 1.006 billion.

8 brokers have issued 1-year target prices for New Oriental Education & Tech Grp's stock. 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 4.0% 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 articles about EDU stock have been trending somewhat positive recently, InfoTrie Sentiment reports. The research firm identifies positive and negative media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public 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 impact score of 0.8 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 3.0 out of 10, indicating that recent media coverage is unlikely to have an impact on the stock's share price in the next several days. View News Stories for New Oriental Education & Tech Grp.

New Oriental Education & Tech Grp saw a decline in short interest during the month of January. As of January 15th, there was short interest totalling 2,150,000 shares, a decline of 19.2% from the December 31st total of 2,660,000 shares. Based on an average trading volume of 879,300 shares, the days-to-cover ratio is presently 2.4 days. Approximately 1.4% of the company's 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), 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), Netflix (NFLX), Mastercard (MA), Home Depot (HD), Adobe (ADBE), Veeva Systems (VEEV) and Fortinet (FTNT).

New Oriental Education & Tech Grp's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Genesis Investment Management LLP (2.52%), Broad Peak Investment Holdings Ltd. (0.47%), Coronation Fund Managers Ltd. (0.43%), BosValen Asset Management Ltd (0.32%), California Public Employees Retirement System (0.22%) and Zurcher Kantonalbank Zurich Cantonalbank (0.11%).

EDU stock was sold by a variety of institutional investors in the last quarter, including Coronation Fund Managers Ltd., Genesis Investment Management LLP, BosValen Asset Management Ltd, Boston Common Asset Management LLC, Sumitomo Mitsui DS Asset Management Company Ltd, Exane Derivatives, Eqis Capital Management Inc. and Atlas Capital Advisors LLC.

EDU stock was acquired by a variety of institutional investors in the last quarter, including California Public Employees Retirement System, Zurcher Kantonalbank Zurich Cantonalbank, Deltec Asset Management LLC, Calamos Advisors LLC, SG Americas Securities LLC, Broad Peak Investment Holdings Ltd., Mckinley Capital Management LLC Delaware and Campbell & CO Investment Adviser 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 $129.08.

New Oriental Education & Tech Grp has a market capitalization of $18.40 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]