Sunlands Technology Group (STG) Stock Forecast, Price & News

Sunlands Technology Group's stock was trading at $7.29 at the start of the year. Since then, STG shares have decreased by 55.3% and is now trading at $3.26.
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Sunlands Technology Group saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 21,400 shares, a decrease of 26.2% from the April 30th total of 29,000 shares. Based on an average trading volume of 13,000 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.4% of the shares of the stock are short sold.
View Sunlands Technology Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 17th 2023.
View our STG earnings forecast.

Sunlands Technology Group (NYSE:STG) released its earnings results on Friday, March, 24th. The company reported $1.89 earnings per share for the quarter. The firm earned $83.89 million during the quarter. Sunlands Technology Group had a net margin of 28.20% and a negative trailing twelve-month return on equity of 137.28%.

Sunlands Technology Group declared a None dividend on Monday, June 13th. Investors of record on Thursday, June 30th will be paid a dividend of $1.26 per share on Friday, July 29th. The ex-dividend date of this dividend is Wednesday, June 29th.
Read our dividend analysis for STG.

Sunlands Technology Group (NYSE:STG) pays an annual dividend of $0.63 per share and currently has a dividend yield of 18.53%. STG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 9.35%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for STG.

Sunlands Technology Group shares reverse split before market open on Tuesday, August 31st 2021. The 2-25 reverse split was announced on Tuesday, August 31st 2021. The number of shares owned by shareholders was adjusted after the market closes on Tuesday, August 31st 2021. An investor that had 100 shares of stock prior to the reverse split would have 8 shares after the split.

Sunlands Technology Group issued an update on its second quarter 2023 earnings guidance on Tuesday, May, 30th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $69.89 million-$72.81 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other Sunlands Technology Group investors own include AbbVie (ABBV), Allena Pharmaceuticals (ALNA), General Motors (GM), Mondi (MNDI), Wells Fargo & Company (WFC), Energy Transfer (ET), Garrison Capital (GARS), Intel (INTC), Pfizer (PFE) and Verizon Communications (VZ).

(STG) raised $162 million in an IPO on Friday, March 23rd 2018. The company issued 13,000,000 shares at a price of $11.50-$13.50 per share. Goldman Sachs (Asia), J.P. Morgan and Credit Suisse acted as the underwriters for the IPO and CLSA was co-manager.

Sunlands Technology Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "STG."

Shares of STG 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 STG stock can currently be purchased for approximately $3.26.

Sunlands Technology Group (NYSE:STG) has a market capitalization of $43.49 million and generates $336.82 million in revenue each year. The company earns $93.37 million in net income (profit) each year or $6.74 on an earnings per share basis.

The company employs 2,318 workers across the globe.

Sunlands Technology Group's mailing address is BUILDING 4-6 CHAOLAI SCIENCE PARK NO. 36 CHUANGYUAN RD CHAOYANG DISTRICT, BEIJING F4, 100012. The official website for the company is www.sunlands.com. The company can be reached via phone at 861052413738 or via email at ir@sunlands.com.