Analysts Anticipate RISE Education Cayman Ltd (REDU) Will Announce Earnings of $0.12 Per Share

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Analysts forecast that RISE Education Cayman Ltd (NASDAQ:REDU) will post earnings of $0.12 per share for the current quarter, Zacks reports. Zero analysts have made estimates for RISE Education Cayman’s earnings. RISE Education Cayman reported earnings per share of $0.08 during the same quarter last year, which suggests a positive year over year growth rate of 50%. The business is scheduled to report its next earnings report on Thursday, March 21st.

On average, analysts expect that RISE Education Cayman will report full year earnings of $0.42 per share for the current year. For the next fiscal year, analysts anticipate that the business will report earnings of $0.46 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover RISE Education Cayman.

RISE Education Cayman (NASDAQ:REDU) last released its quarterly earnings data on Thursday, November 15th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). RISE Education Cayman had a negative net margin of 2.35% and a positive return on equity of 12.36%. The business had revenue of $50.58 million during the quarter.

Separately, Zacks Investment Research upgraded RISE Education Cayman from a “sell” rating to a “hold” rating in a report on Wednesday, December 19th.

Shares of REDU traded up $0.14 during mid-day trading on Wednesday, reaching $8.34. The company’s stock had a trading volume of 24,544 shares, compared to its average volume of 79,363. RISE Education Cayman has a 12-month low of $6.70 and a 12-month high of $18.60. The company has a market cap of $454.30 million, a P/E ratio of 83.40 and a beta of 0.07. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.05 and a current ratio of 1.06.

Several institutional investors and hedge funds have recently added to or reduced their stakes in REDU. BlackRock Inc. grew its stake in RISE Education Cayman by 198.6% during the 2nd quarter. BlackRock Inc. now owns 58,618 shares of the company’s stock worth $827,000 after buying an additional 38,990 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in RISE Education Cayman during the 2nd quarter worth approximately $328,000. Millennium Management LLC purchased a new position in RISE Education Cayman during the 2nd quarter worth approximately $3,367,000. Jane Street Group LLC purchased a new position in RISE Education Cayman during the 2nd quarter worth approximately $599,000. Finally, Truvestments Capital LLC purchased a new position in RISE Education Cayman during the 2nd quarter worth approximately $148,000. Institutional investors and hedge funds own 17.41% of the company’s stock.

About RISE Education Cayman

RISE Education Cayman Ltd, through its subsidiaries, provides junior English language training services under the RISE brand name in the People's Republic of China. The company offers a range of educational programs, services, and products, including educational courses, sale of course materials, franchise services, and study tours.

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