New Oriental Education & Technology Group (EDU) to Release Quarterly Earnings on Wednesday

New Oriental Education & Technology Group (NYSE:EDU) is anticipated to post its quarterly earnings results before the market opens on Wednesday, April 23rd. Analysts expect New Oriental Education & Technology Group to post earnings of $0.76 per share and revenue of $1.24 billion for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

New Oriental Education & Technology Group Price Performance

EDU stock opened at $44.84 on Monday. The firm has a 50 day simple moving average of $48.02 and a two-hundred day simple moving average of $56.13. The stock has a market cap of $7.61 billion, a PE ratio of 19.08 and a beta of 0.37. New Oriental Education & Technology Group has a one year low of $40.66 and a one year high of $91.04.

Analysts Set New Price Targets

Several equities analysts recently issued reports on EDU shares. Morgan Stanley lowered New Oriental Education & Technology Group from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $83.00 to $52.00 in a research report on Wednesday, January 22nd. China Renaissance cut shares of New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a report on Monday, March 24th. Macquarie downgraded New Oriental Education & Technology Group from an “outperform” rating to an “underperform” rating and decreased their price objective for the stock from $79.00 to $44.00 in a report on Wednesday, January 22nd. Citigroup downgraded shares of New Oriental Education & Technology Group from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $83.00 to $50.00 in a research report on Friday, January 24th. Finally, StockNews.com cut shares of New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, New Oriental Education & Technology Group presently has a consensus rating of “Hold” and a consensus price target of $61.20.

About New Oriental Education & Technology Group

New Oriental Education & Technology Group, Inc is a holding company, which engages in the provision of private educational services. It operates through the following segments: Educational Services and Test Preparation Courses, Private Label Products and Livestreaming E-Commerce, Overseas Study Consulting Services, and Educational Materials and Distribution.