New Oriental Education & Technology Group (EDU) Receiving Positive News Coverage, Report Finds

Press coverage about New Oriental Education & Technology Group (NYSE:EDU) has trended positive recently, according to Accern. The research group ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. New Oriental Education & Technology Group earned a coverage optimism score of 0.39 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.8872956952047 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:

A number of equities analysts have recently commented on EDU shares. Morgan Stanley started coverage on shares of New Oriental Education & Technology Group in a research report on Friday, August 25th. They issued an “overweight” rating and a $100.00 price objective for the company. Zacks Investment Research upgraded shares of New Oriental Education & Technology Group from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a research report on Tuesday, July 18th. J P Morgan Chase & Co lowered shares of New Oriental Education & Technology Group from a “neutral” rating to an “underweight” rating and set a $82.00 price objective for the company. in a research report on Thursday. UBS AG started coverage on shares of New Oriental Education & Technology Group in a research report on Tuesday, August 1st. They issued a “buy” rating and a $96.75 price objective for the company. Finally, Jefferies Group LLC restated a “buy” rating and issued a $74.80 price objective on shares of New Oriental Education & Technology Group in a research report on Friday, July 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $81.82.

Shares of New Oriental Education & Technology Group (NYSE EDU) opened at 87.04 on Friday. The company has a 50-day moving average of $82.13 and a 200-day moving average of $70.78. The stock has a market capitalization of $13.72 billion, a P/E ratio of 50.02 and a beta of 1.37. New Oriental Education & Technology Group has a 52 week low of $37.16 and a 52 week high of $94.30.

New Oriental Education & Technology Group (NYSE:EDU) last posted its quarterly earnings results on Tuesday, July 25th. The company reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.03). New Oriental Education & Technology Group had a return on equity of 17.02% and a net margin of 15.25%. The business had revenue of $486.40 million during the quarter, compared to the consensus estimate of $477.81 million. During the same quarter in the previous year, the company earned $0.29 earnings per share. The company’s revenue for the quarter was up 23.2% compared to the same quarter last year. On average, analysts anticipate that New Oriental Education & Technology Group will post $2.37 EPS for the current year.

The firm also recently declared a special dividend, which will be paid on Friday, October 6th. Shareholders of record on Wednesday, September 6th will be paid a $0.45 dividend. This is an increase from New Oriental Education & Technology Group’s previous special dividend of $0.40. The ex-dividend date of this dividend is Friday, September 1st.

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New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group Inc is a provider of private educational services in the People’s Republic of China (the PRC). The Company provides educational services under its New Oriental brand. The Company operates through seven segments, which include language training and test preparation, primary and secondary school education, online education, content development and distribution, pre-school education, overseas study consulting services and study tour.

Insider Buying and Selling by Quarter for New Oriental Education & Technology Group (NYSE:EDU)

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