NYSE:EDU - New Oriental Education & Tech Grp Stock Price, News & Analysis

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 of Directors has initiated a share buyback program on Tuesday, October 23rd 2018, which allows the company to buyback $0.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its stock is undervalued.

New Oriental Education & Tech Grp (NYSE:EDU) announced its quarterly earnings data on Tuesday, July, 23rd. The company reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.66 by $0.39. The company had revenue of $842.90 million for the quarter, compared to analyst estimates of $833.78 million. New Oriental Education & Tech Grp had a net margin of 7.69% and a return on equity of 12.97%. The company's quarterly revenue was up 20.2% compared to the same quarter last year. During the same period last year, the company posted $0.55 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, October 22nd 2019. View Earnings Estimates for New Oriental Education & Tech Grp.

New Oriental Education & Tech Grp issued an update on its first quarter 2020 earnings guidance on Tuesday, July, 23rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.051-1.076 billion, compared to the consensus revenue estimate of $1.05 billion.

9 brokerages have issued 12-month target prices for New Oriental Education & Tech Grp's stock. Their predictions range from $55.00 to $115.00. On average, they expect New Oriental Education & Tech Grp's share price to reach $91.3263 in the next year. This suggests that the stock has a possible downside of 17.3%. View Analyst Price Targets for New Oriental Education & Tech Grp.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Oriental Education & Tech Grp in the last year. There are currently 1 hold rating and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for New Oriental Education & Tech Grp.

Media headlines about EDU stock have been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of news coverage by analyzing 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 closest to five being the most favorable. New Oriental Education & Tech Grp earned a news impact score of 0.9 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for New Oriental Education & Tech Grp.

New Oriental Education & Tech Grp saw a drop in short interest in the month of August. As of August 31st, there was short interest totalling 3,515,600 shares, a drop of 19.8% from the July 31st total of 4,384,000 shares. Based on an average daily trading volume, of 1,160,000 shares, the days-to-cover ratio is currently 3.0 days. Currently, 2.2% of the shares of the 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), Grand Canyon Education (LOPE), Chegg (CHGG), Laureate Education (LAUR), Graham (GHC), Strategic Education (STRA), GSX Techedu (GSX), Adtalem Global Education (ATGE), Afya (AFYA), Hailiang Education Group (HLG), Career Education (CECO), OneSmart International Edun Gr (ONE), Bright Scholar Education Holdngs (BEDU), K12 (LRN) and Arco Platform (ARCE).

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), TAL Education Group (TAL), NVIDIA (NVDA), Paypal (PYPL), Netflix (NFLX), Shopify (SHOP), Mastercard (MA), Square (SQ) and Micron Technology (MU).

New Oriental Education & Tech Grp's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Davis Selected Advisers (7.80%), BlackRock Inc. (6.19%), BlackRock Inc. (6.19%), Vanguard Group Inc. (3.57%), Genesis Asset Managers LLP (3.19%) and UBS Asset Management Americas Inc. (3.06%).

EDU stock was sold by a variety of institutional investors in the last quarter, including Genesis Asset Managers LLP, Elephas Investment Management Ltd, Invesco Ltd., Wells Fargo & Company MN, William Blair Investment Management LLC, BNP Paribas Arbitrage SA, GAM Holding AG and Bank of America Corp DE.

EDU stock was purchased by a variety of institutional investors in the last quarter, including Harvest Fund Management Co. Ltd, Hillhouse Capital Advisors LTD., Davis Selected Advisers, Broad Peak Investment Management LTD., Coronation Fund Managers Ltd., Acadian Asset Management LLC, Nuveen Asset Management LLC and Janus Henderson Group PLC.

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 $110.46.

New Oriental Education & Tech Grp has a market capitalization of $15.75 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 54,242 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]