Should I buy or sell New Oriental Education & Technology Group stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New Oriental Education & Technology Group in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" EDU shares. View EDU analyst ratings or view top-rated stocks .

What is New Oriental Education & Technology Group's stock price target for 2024?

2 brokers have issued 12-month price objectives for New Oriental Education & Technology Group's shares. Their EDU share price targets range from $66.00 to $95.00. On average, they expect the company's stock price to reach $77.33 in the next year. This suggests that the stock has a possible downside of 8.5%. View analysts price targets for EDU or view top-rated stocks among Wall Street analysts .

How have EDU shares performed in 2024?

New Oriental Education & Technology Group's stock was trading at $73.28 at the beginning of the year. Since then, EDU shares have increased by 15.4% and is now trading at $84.55. View the best growth stocks for 2024 here .

Are investors shorting New Oriental Education & Technology Group?

New Oriental Education & Technology Group saw a decline in short interest in March. As of March 15th, there was short interest totaling 4,700,000 shares, a decline of 11.0% from the February 29th total of 5,280,000 shares. Based on an average trading volume of 1,760,000 shares, the days-to-cover ratio is presently 2.7 days. Approximately 2.8% of the shares of the stock are sold short. View New Oriental Education & Technology Group's Short Interest .

When is New Oriental Education & Technology Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024. View our EDU earnings forecast .

How can I listen to New Oriental Education & Technology Group's earnings call?

New Oriental Education & Technology Group will be holding an earnings conference call on Wednesday, April 24th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link .

How were New Oriental Education & Technology Group's earnings last quarter?

New Oriental Education & Technology Group Inc. (NYSE:EDU) issued its quarterly earnings results on Wednesday, January, 24th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.26 by $0.23. The business had revenue of $869.60 million for the quarter, compared to the consensus estimate of $814.01 million. New Oriental Education & Technology Group had a net margin of 8.54% and a trailing twelve-month return on equity of 7.97%. The company's revenue for the quarter was up 36.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.01 earnings per share.

What ETFs hold New Oriental Education & Technology Group's stock?

ETFs with the largest weight of New Oriental Education & Technology Group (NYSE:EDU) stock in their portfolio include Global X Education ETF (EDUT) , AdvisorShares Dorsey Wright ADR ETF (AADR) and Invesco Golden Dragon China ETF (PGJ) . First Trust International IPO ETF (FPXI) .

When did New Oriental Education & Technology Group's stock split?

New Oriental Education & Technology Group shares reverse split before market open on Friday, April 8th 2022. The 1-10 reverse split was announced on Friday, April 8th 2022. The number of shares owned by shareholders was adjusted after the closing bell on Friday, April 8th 2022. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

How will New Oriental Education & Technology Group's stock buyback program work?

New Oriental Education & Technology Group declared that its Board of Directors has initiated a stock buyback plan on Wednesday, July 27th 2022, which permits the company to repurchase $0.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

What guidance has New Oriental Education & Technology Group issued on next quarter's earnings?

New Oriental Education & Technology Group issued an update on its third quarter 2024 earnings guidance on Thursday, January, 25th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $935.9 million.

What other stocks do shareholders of New Oriental Education & Technology Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other New Oriental Education & Technology Group investors own include Alibaba Group (BABA) , NVIDIA (NVDA) , Baidu (BIDU) , Adobe (ADBE) , Netflix (NFLX) , Walt Disney (DIS) , Tesla (TSLA) , Mastercard (MA) , PayPal (PYPL) and QUALCOMM (QCOM) .

Who are New Oriental Education & Technology Group's major shareholders?

New Oriental Education & Technology Group's stock is owned by a number of institutional and retail investors. Top institutional investors include Matthews International Capital Management LLC (0.06%) and Banque Cantonale Vaudoise (0.00%).

How do I buy shares of New Oriental Education & Technology Group?

Shares of EDU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:EDU

New Oriental Education & Technology Group (EDU) Stock Price, News & Analysis

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$84.55

-0.95 (-1.11%)

(As of 04/17/2024 ET)

Compare

Today's Range: $84.51
▼
$86.29
50-Day Range: $84.55
▼
$96.30
52-Week Range: $35.70
▼
$98.20

Volume: 992,958 shs
Average Volume: 1.66 million shs
Market Capitalization: $14.35 billion

P/E Ratio: 46.46
Dividend Yield: N/A
Price Target: $77.33

Get New Oriental Education & Technology Group alerts:

New Oriental Education & Technology Group MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 8.5% Downside
$77.33 Price Target
Short Interest: Healthy
2.59% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.85
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 57.43%
From $2.02 to $3.18 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.94 out of 5 stars

Consumer Discretionary Sector

193rd out of 254 stocks

Educational Services Industry

17th out of 21 stocks

1.5

Analyst's Opinion

Consensus Rating
New Oriental Education & Technology Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
New Oriental Education & Technology Group has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
2.59% of the float of New Oriental Education & Technology Group has been sold short.
Short Interest Ratio / Days to Cover
New Oriental Education & Technology Group has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in New Oriental Education & Technology Group has recently decreased by 8.94%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
New Oriental Education & Technology Group does not currently pay a dividend.
Dividend Growth
New Oriental Education & Technology Group does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for EDU.

2.7

News and Social Media Coverage

News Sentiment
New Oriental Education & Technology Group has a news sentiment score of 0.85. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.44 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for New Oriental Education & Technology Group this week, compared to 3 articles on an average week.
Search Interest
Only 9 people have searched for EDU on MarketBeat in the last 30 days. This is a decrease of -10% compared to the previous 30 days.
MarketBeat Follows
Only 7 people have added New Oriental Education & Technology Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -59% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, New Oriental Education & Technology Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
15.50% of the stock of New Oriental Education & Technology Group is held by insiders. A high percentage of insider ownership can be a sign of company health.

2.5

Earnings and Valuation

Earnings Growth
Earnings for New Oriental Education & Technology Group are expected to grow by 57.43% in the coming year, from $2.02 to $3.18 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of New Oriental Education & Technology Group is 46.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.02.
Price to Earnings Ratio vs. Sector
The P/E ratio of New Oriental Education & Technology Group is 46.46, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 18.04.
Price to Book Value per Share Ratio
New Oriental Education & Technology Group has a P/B Ratio of 3.76. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About New Oriental Education & Technology Group Stock (NYSE:EDU)

New Oriental Education & Technology Group Inc. provides private educational services under the New Oriental brand in the People's Republic of China. The company operates through four segments: Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Educational Materials and Distribution. It offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the Commonwealth countries, and the People's Republic of China. The company also provides non-academic tutoring courses; intelligent learning systems and devices to offer a digital learning experience for students; and overseas studies consulting services. In addition, it offers online education services through the Koolearn.com platform that provides comprehensive online education courses, including college educational services, such as college test preparation, overseas test preparation, and English language learning for college students and working professionals preparing for standardized tests or seeking to enhance their English language proficiency; and educational content packages to schools and institutional customers, including universities, public libraries, telecom operators, and online video streaming providers. Further, the company develops and edits educational materials for language training and test preparation. In addition, it offers educational programs, services, and products to students through schools; learning centers; and bookstores, as well as through its online learning platforms. The company was founded in 1993 and is headquartered in Beijing, the People's Republic of China.

EDU Stock Price History

30 days | 90 days | 365 days | Advanced Chart

EDU Stock News Headlines

April 12, 2024 | finance.yahoo.com

New Oriental Education & Technology Group (NYSE:EDU) grows 4.5% this week, taking one-year gains to 140%

April 9, 2024 | msn.com

Nduom School of Business and Technology holds maiden congregation

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April 3, 2024 | wsj.com

New Oriental Education & Technology Group Inc.

March 28, 2024 | uk.finance.yahoo.com

Global Private Tutoring Market Set to Double to US$ 231.6 Billion by 2032, Driven by Technological Advancements and Rising Educational Standards

March 26, 2024 | finance.yahoo.com

15 Cheapest American Universities with Low Tuition for International Students

March 26, 2024 | finance.yahoo.com

EDU Mar 2024 97.000 put

March 26, 2024 | theguardian.com

Threats, fear and surveillance: how Beijing targets students in the UK who criticise regime

April 18, 2024 | Crypto 101 Media (Ad)

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March 18, 2024 | msn.com

Army raises unit to tap new technologies for communications

March 18, 2024 | finance.yahoo.com

EDU Apr 2024 93.000 call

March 16, 2024 | msn.com

After the pandemic, young Chinese again want to study abroad, just not so much in the US

March 15, 2024 | msn.com

Historic pub serving cottage pies and spicy burgers is 'UK's most authentic'

March 14, 2024 | ca.finance.yahoo.com

EDU Mar 2024 101.000 call

March 12, 2024 | msn.com

New Curriculum, New Hope for High Quality Primary School Education

February 28, 2024 | finance.yahoo.com

11 Best Education Stocks To Buy In 2024

February 24, 2024 | sg.finance.yahoo.com

NEW ORIENTAL ED & TECHNOLOGY GP (NWOEF)

February 18, 2024 | finance.yahoo.com

EDU Feb 2024 92.000 put

February 13, 2024 | seekingalpha.com

Tracking Seth Klarman's Baupost Group Holdings - Q4 2023 Update

February 13, 2024 | finance.yahoo.com

New Oriental Education & Technology Group Inc.: New Oriental Earnings: Strong Revenue Growth Beats Expectation but Shares Are Expensive

February 8, 2024 | finance.yahoo.com

16 Easiest Countries to Immigrate to Without a Degree

January 25, 2024 | finance.yahoo.com

New Oriental Education & Technology Group Inc. (NYSE:EDU) Q2 2024 Earnings Call Transcript

January 25, 2024 | finance.yahoo.com

New Oriental Education & Technology Group Second Quarter 2024 Earnings: Beats Expectations

January 24, 2024 | msn.com

New Oriental Stock Takes Off After Q2 Surge, Smashing Revenue Expectations

January 24, 2024 | marketwatch.com

New Oriental Shares Rally After Co Expands Tutoring in 2Q

January 24, 2024 | markets.businessinsider.com

New Oriental Education Technology Group earnings preview: what Wall Street is expecting

January 24, 2024 | markets.businessinsider.com

New Oriental Education Technology Group earnings: here's what Wall Street expects

See More Headlines

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Company Calendar

Last Earnings: 1/24/2024
Today: 4/17/2024
Next Earnings (Confirmed): 4/24/2024
Fiscal Year End: 5/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Consumer Discretionary
Industry: Educational services
Sub-Industry: N/A
Current Symbol: NYSE:EDU
CUSIP: N/A
CIK: 1372920
Web: www.neworiental.org
Phone: 861060908000
Fax: 86-10-6260-5511
Employees: 55,506
Year Founded: 1969

Price Target and Rating

Average Stock Price Target: $77.33
High Stock Price Target: $95.00
Low Stock Price Target: $66.00
Potential Upside/Downside: -8.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.82
Trailing P/E Ratio: 46.46
Forward P/E Ratio: 41.86
P/E Growth: N/A
Net Income: $177.34 million
Net Margins: 8.54%
Pretax Margin: 13.40%
Return on Equity: 7.97%
Return on Assets: 4.77%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.87
Quick Ratio: 1.84

Sales & Book Value

Annual Sales: $3.58 billion
Price / Sales: 4.00
Cash Flow: $1.75 per share
Price / Cash Flow: 48.24
Book Value: $22.48 per share
Price / Book: 3.76

Miscellaneous

Outstanding Shares: 169,697,000
Free Float: 143,394,000
Market Cap: $14.35 billion
Optionable: Optionable
Beta: 0.49

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Key Executives

Mr. Minhong Yu (Age 61)
Founder & Executive Chairman
Mr. Chenggang Zhou (Age 62)
CEO & Director
Mr. Zhihui Yang (Age 50)
Executive President & CFO
Ms. Sisi Zhao
Investor Relations Director
Mr. Tung-Jung Hsieh (Age 60)
Senior Adviser & Director
Mr. Zheng Zhao
General Manager & Managing Partner, New Oriental Education Culture Industry Fund

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

EDU Stock Analysis - Frequently Asked Questions

Should I buy or sell New Oriental Education & Technology Group stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New Oriental Education & Technology Group in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" EDU shares.
View EDU analyst ratings or view top-rated stocks.
What is New Oriental Education & Technology Group's stock price target for 2024?: 2 brokers have issued 12-month price objectives for New Oriental Education & Technology Group's shares. Their EDU share price targets range from $66.00 to $95.00. On average, they expect the company's stock price to reach $77.33 in the next year. This suggests that the stock has a possible downside of 8.5%.
View analysts price targets for EDU or view top-rated stocks among Wall Street analysts.
How have EDU shares performed in 2024?: New Oriental Education & Technology Group's stock was trading at $73.28 at the beginning of the year. Since then, EDU shares have increased by 15.4% and is now trading at $84.55.
View the best growth stocks for 2024 here.
Are investors shorting New Oriental Education & Technology Group?: New Oriental Education & Technology Group saw a decline in short interest in March. As of March 15th, there was short interest totaling 4,700,000 shares, a decline of 11.0% from the February 29th total of 5,280,000 shares. Based on an average trading volume of 1,760,000 shares, the days-to-cover ratio is presently 2.7 days. Approximately 2.8% of the shares of the stock are sold short.
View New Oriental Education & Technology Group's Short Interest.
When is New Oriental Education & Technology Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our EDU earnings forecast.
How can I listen to New Oriental Education & Technology Group's earnings call?: New Oriental Education & Technology Group will be holding an earnings conference call on Wednesday, April 24th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.
How were New Oriental Education & Technology Group's earnings last quarter?: New Oriental Education & Technology Group Inc. (NYSE:EDU) issued its quarterly earnings results on Wednesday, January, 24th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.26 by $0.23. The business had revenue of $869.60 million for the quarter, compared to the consensus estimate of $814.01 million. New Oriental Education & Technology Group had a net margin of 8.54% and a trailing twelve-month return on equity of 7.97%. The company's revenue for the quarter was up 36.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.01 earnings per share.
What ETFs hold New Oriental Education & Technology Group's stock?: ETFs with the largest weight of New Oriental Education & Technology Group (NYSE:EDU) stock in their portfolio include Global X Education ETF (EDUT), AdvisorShares Dorsey Wright ADR ETF (AADR) and Invesco Golden Dragon China ETF (PGJ).First Trust International IPO ETF (FPXI).

When did New Oriental Education & Technology Group's stock split?: New Oriental Education & Technology Group shares reverse split before market open on Friday, April 8th 2022. The 1-10 reverse split was announced on Friday, April 8th 2022. The number of shares owned by shareholders was adjusted after the closing bell on Friday, April 8th 2022. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.
How will New Oriental Education & Technology Group's stock buyback program work?: New Oriental Education & Technology Group declared that its Board of Directors has initiated a stock buyback plan on Wednesday, July 27th 2022, which permits the company to repurchase $0.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.
What guidance has New Oriental Education & Technology Group issued on next quarter's earnings?: New Oriental Education & Technology Group issued an update on its third quarter 2024 earnings guidance on Thursday, January, 25th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $935.9 million.
What other stocks do shareholders of New Oriental Education & Technology Group own?: Based on aggregate information from My MarketBeat watchlists, some companies that other New Oriental Education & Technology Group investors own include Alibaba Group (BABA), NVIDIA (NVDA), Baidu (BIDU), Adobe (ADBE), Netflix (NFLX), Walt Disney (DIS), Tesla (TSLA), Mastercard (MA), PayPal (PYPL) and QUALCOMM (QCOM).
Who are New Oriental Education & Technology Group's major shareholders?: New Oriental Education & Technology Group's stock is owned by a number of institutional and retail investors. Top institutional investors include Matthews International Capital Management LLC (0.06%) and Banque Cantonale Vaudoise (0.00%).
How do I buy shares of New Oriental Education & Technology Group?: Shares of EDU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:EDU) was last updated on 4/18/2024 by MarketBeat.com Staff

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