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

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Oriental Education & Technology Group in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" EDU shares.
View EDU analyst ratings or view top-rated stocks.

5 analysts have issued 1-year 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 year. This suggests that the stock has a possible downside of 14.4%.
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 start of the year. Since then, EDU stock has increased by 22.8% and is now trading at $42.76.
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New Oriental Education & Technology Group saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 5,000,000 shares, an increase of 9.6% from the April 30th total of 4,560,000 shares. Based on an average daily volume of 1,880,000 shares, the short-interest ratio is presently 2.7 days. Currently, 3.0% of the company's shares are short sold.
View New Oriental Education & Technology Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our EDU earnings forecast.

New Oriental Education & Technology Group Inc. (NYSE:EDU) issued its quarterly earnings data on Tuesday, January, 17th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.12. The firm had revenue of $638.20 million for the quarter, compared to analysts' expectations of $614.16 million. New Oriental Education & Technology Group had a negative net margin of 1.54% and a negative trailing twelve-month return on equity of 1.21%. The firm's revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.00 earnings per share.

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

Shares of New Oriental Education & Technology Group reverse split on the morning of 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.

New Oriental Education & Technology Group declared that its board has authorized a stock buyback program on Wednesday, July 27th 2022, which permits the company to repurchase $0.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

New Oriental Education & Technology Group updated its fourth quarter 2023 earnings guidance on Wednesday, April, 19th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $801.80 million-$822.70 million, compared to the consensus revenue estimate of $661.67 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."

New Oriental Education & Technology Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include Baupost Group LLC MA (3.19%), FMR LLC (2.14%), Renaissance Technologies LLC (2.00%), FengHe Fund Management Pte. Ltd. (1.66%), Bank of America Corp DE (1.65%) and Keystone Investors PTE Ltd. (0.86%).

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.
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One share of EDU stock can currently be purchased for approximately $42.76.

New Oriental Education & Technology Group (NYSE:EDU) has a market capitalization of $7.26 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 $0.75 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.