New Oriental Education & Tech Grp (ADR) (EDU) reported quarterly earnings results on Wednesday, Jul-20-2016. The company reported $0.29 EPS for the quarter. Analysts had a consensus estimate of $0.29. The company posted revenue of $394.90 million in the period, compared to analysts expectations of $388.64 million. The company’s revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.
Many Wall Street Analysts have commented on New Oriental Education & Tech Grp (ADR). Jefferies Resumed New Oriental Education & Tech Grp (ADR) on Jul 8, 2016 to “Buy”, Price Target of the shares are set at $50.
New Oriental Education & Tech Grp (ADR) closed down -0.4 points or -0.96% at $41.09 with 10,98,567 shares getting traded on Monday. Post opening the session at $41.6, the shares hit an intraday low of $41.03 and an intraday high of $41.905 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
New Oriental Education & Technology Group Inc. is a provider of private educational services in the People’s Republic of China (the PRC). The Company offers a range of educational programs services and products consisting primarily of English and other foreign language training test preparation courses for admissions and assessment tests in the United States the PRC and Commonwealth countries primary and secondary school education development and distribution of educational content software and other technology and online education. The Company operates through six segments: language training and test preparation primary and secondary school education online education content development and distribution post-secondary education and overseas study consulting services. All of the Company’s schools learning centers and bookstores operate under its New Oriental brand.