Tarena International Inc. (TEDU) Scheduled to Post Earnings on Monday
Tarena International Inc. (NASDAQ:TEDU) will release its Q316 earnings data on Monday, November 21st. Analysts expect Tarena International to post earnings of $0.23 per share and revenue of $66.38 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.
Tarena International (NASDAQ:TEDU) last announced its quarterly earnings data on Monday, August 15th. The company reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.03. The business earned $55.90 million during the quarter, compared to the consensus estimate of $54.66 million. Tarena International had a return on equity of 16.64% and a net margin of 14.40%. On average, analysts expect Tarena International to post $0.75 EPS for the current fiscal year and $0.94 EPS for the next fiscal year.
Shares of Tarena International Inc. (NASDAQ:TEDU) opened at 14.71 on Thursday. The company’s 50-day moving average price is $0.00 and its 200 day moving average price is $0.00. Tarena International Inc. has a 1-year low of $8.35 and a 1-year high of $16.40.
Several institutional investors have recently added to or reduced their stakes in TEDU. BlackRock Fund Advisors increased its position in Tarena International by 439.7% in the second quarter. BlackRock Fund Advisors now owns 12,736 shares of the company’s stock worth $132,000 after buying an additional 10,376 shares during the period. State of Wisconsin Investment Board bought a new stake in Tarena International during the second quarter worth about $175,000. BlackRock Group LTD raised its stake in Tarena International by 347.8% in the second quarter. BlackRock Group LTD now owns 49,549 shares of the company’s stock worth $512,000 after buying an additional 38,484 shares during the period. Pine River Capital Management L.P. raised its stake in Tarena International by 19.1% in the second quarter. Pine River Capital Management L.P. now owns 51,992 shares of the company’s stock worth $537,000 after buying an additional 8,334 shares during the period. Finally, State Street Corp raised its stake in Tarena International by 101.1% in the second quarter. State Street Corp now owns 55,900 shares of the company’s stock worth $577,000 after buying an additional 28,100 shares during the period. Institutional investors own 30.15% of the company’s stock.
Several research firms recently weighed in on TEDU. Zacks Investment Research downgraded Tarena International from a “buy” rating to a “hold” rating in a research report on Wednesday, October 26th. TheStreet downgraded Tarena International from a “buy” rating to a “hold” rating in a research report on Monday, September 12th. Finally, Jefferies Group reiterated a “buy” rating and set a $13.40 target price on shares of Tarena International in a research report on Tuesday, August 16th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $14.23.
About Tarena International
Tarena International, Inc (Tarena International) is a holding company. The Company, through its subsidiaries, provides professional education services, including professional information technology (IT) training courses and non-IT training courses across the People’s Republic of China (PRC). It operates through training segment.
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