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 allows the company to repurchase $0.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

New Oriental Education & Tech Grp (NYSE:EDU) released its quarterly earnings results on Monday, January, 20th. The company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.20 by $0.16. The business 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 quarter in the previous year, the company earned $0.14 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, April 28th 2020. View Earnings Estimates for New Oriental Education & Tech Grp.

New Oriental Education & Tech Grp issued an update on 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 twelve-month target prices for New Oriental Education & Tech Grp's shares. 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 that the stock has a possible downside of 5.1%. 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 headlines about EDU stock have been trending somewhat positive on Monday, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand news and blog 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 impact score of 1.8 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect 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 31st, there was short interest totalling 1,830,000 shares, a decline of 14.9% from the January 15th total of 2,150,000 shares. Based on an average daily trading volume, of 1,020,000 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.2% 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), Laureate Education (LAUR), Grand Canyon Education (LOPE), Strategic Education (STRA), Graham (GHC), Youdao (DAO), Afya (AFYA), Adtalem Global Education (ATGE), Hailiang Education Group (HLG), Arco Platform (ARCE), Career Education (CECO), Perdoceo Education (PRDO) 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), Fortinet (FTNT) and Lululemon Athletica (LULU).

New Oriental Education & Tech Grp's stock is owned by many different of institutional and retail investors. Top institutional shareholders include UBS Asset Management Americas Inc. (2.97%), Schroder Investment Management Group (2.45%), FMR LLC (2.58%), Genesis Investment Management LLP (2.52%), FIL Ltd (2.18%) and State Street Corp (2.01%).

EDU stock was sold by a variety of institutional investors in the last quarter, including Melvin Capital Management LP, Coronation Fund Managers Ltd., Genesis Investment Management LLP, MERIAN GLOBAL INVESTORS UK Ltd, MERIAN GLOBAL INVESTORS UK Ltd, Bank of Montreal Can, Sustainable Growth Advisers LP and Pictet Asset Management Ltd..

EDU stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Pinpoint Asset Management Ltd, UBS Asset Management Americas Inc., Zeal Asset Management Ltd, Green Court Capital Management Ltd, FMR LLC, Victory Capital Management Inc. and Bank of America Corp DE.

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 $141.53.

New Oriental Education & Tech Grp has a market capitalization of $22.34 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]