New Oriental Education & Tech Grp (NYSE:EDU) released its earnings results on Tuesday. The company reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.01, Briefing.com reports. New Oriental Education & Tech Grp had a net margin of 11.55% and a return on equity of 15.30%. The company had revenue of $798.50 million during the quarter, compared to analysts’ expectations of $797.40 million. During the same quarter last year, the business earned $0.60 EPS. The business’s revenue was down 5.3% on a year-over-year basis. New Oriental Education & Tech Grp updated its Q1 2021
Pre-Market guidance to EPS.

Shares of EDU traded up $1.85 during mid-day trading on Friday, hitting $140.04. The company had a trading volume of 892,876 shares, compared to its average volume of 1,099,227. The business’s 50-day simple moving average is $137.05 and its 200-day simple moving average is $127.03. The company has a quick ratio of 1.50, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. New Oriental Education & Tech Grp has a 1-year low of $97.50 and a 1-year high of $153.02. The stock has a market cap of $22.19 billion, a PE ratio of 54.43 and a beta of 1.27.

Several analysts have recently commented on EDU shares. UBS Group reduced their target price on shares of New Oriental Education & Tech Grp from $185.00 to $169.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. reduced their target price on shares of New Oriental Education & Tech Grp from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Friday, April 17th. Goldman Sachs Group increased their price target on shares of New Oriental Education & Tech Grp from $145.00 to $149.00 in a report on Wednesday, July 1st. Benchmark increased their price target on shares of New Oriental Education & Tech Grp from $135.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Nomura increased their price target on shares of New Oriental Education & Tech Grp from $150.00 to $160.00 in a report on Thursday, July 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. New Oriental Education & Tech Grp presently has a consensus rating of “Buy” and an average price target of $149.50.

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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