New Oriental Education & Tech Grp (NYSE:EDU) Issues Earnings Results, Beats Expectations By $0.16 EPS

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New Oriental Education & Tech Grp (NYSE:EDU) announced its quarterly earnings results on Monday. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.16, RTT News reports. New Oriental Education & Tech Grp had a return on equity of 14.22% and a net margin of 9.79%. During the same period last year, the business earned $0.14 earnings per share. New Oriental Education & Tech Grp updated its Q3 2020
Pre-Market guidance to EPS.

EDU opened at $135.75 on Tuesday. The stock has a fifty day simple moving average of $126.43 and a two-hundred day simple moving average of $114.22. The company has a current ratio of 1.50, a quick ratio of 1.49 and a debt-to-equity ratio of 0.04. The company has a market cap of $19.35 billion, a price-to-earnings ratio of 66.87 and a beta of 1.43. New Oriental Education & Tech Grp has a 12-month low of $63.51 and a 12-month high of $141.60.

A number of brokerages recently commented on EDU. JPMorgan Chase & Co. raised New Oriental Education & Tech Grp from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $88.00 to $143.00 in a research note on Thursday, October 17th. ValuEngine raised New Oriental Education & Tech Grp from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 3rd. Citigroup reaffirmed a “buy” rating and issued a $130.00 price target (up previously from $115.00) on shares of New Oriental Education & Tech Grp in a research note on Thursday, October 10th. Zacks Investment Research raised New Oriental Education & Tech Grp from a “hold” rating to a “buy” rating and set a $147.00 price target for the company in a research note on Thursday, January 9th. Finally, Benchmark reaffirmed a “buy” rating and issued a $155.00 price target (up previously from $130.00) on shares of New Oriental Education & Tech Grp in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $129.25.

About New Oriental Education & Tech Grp

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People's Republic of China. It operates through Language Training and Test Preparation Courses, and Others segments. The company offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the People's Republic of China, and the Commonwealth countries; and after-school tutoring courses for middle and high school students to achieve better scores on entrance exams for admission into high schools or higher education institutions, as well as for children to teach English.

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Earnings History for New Oriental Education & Tech Grp (NYSE:EDU)

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