Nord Anglia Education Inc. (NORD) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS
Nord Anglia Education Inc. (NYSE:NORD) announced its quarterly earnings data on Tuesday. The company reported ($0.14) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.01. Nord Anglia Education had a net margin of 2.06% and a return on equity of 20.31%. The firm earned $115.10 million during the quarter, compared to analysts’ expectations of $110.77 million. During the same quarter last year, the business earned ($0.22) earnings per share. The business’s revenue for the quarter was up 27.2% compared to the same quarter last year. Nord Anglia Education updated its FY17 guidance to $0.64-0.69 EPS.
Nord Anglia Education (NYSE:NORD) opened at 23.30 on Tuesday. Nord Anglia Education has a 12 month low of $14.58 and a 12 month high of $24.34. The firm has a market cap of $2.43 billion, a PE ratio of 170.07 and a beta of 0.91. The firm’s 50-day moving average is $22.34 and its 200-day moving average is $21.97.
Several institutional investors have recently added to or reduced their stakes in NORD. JPMorgan Chase & Co. raised its position in Nord Anglia Education by 445.7% in the second quarter. JPMorgan Chase & Co. now owns 4,900 shares of the company’s stock valued at $104,000 after buying an additional 4,002 shares in the last quarter. BlackRock Group LTD raised its position in Nord Anglia Education by 74.2% in the second quarter. BlackRock Group LTD now owns 8,959 shares of the company’s stock valued at $189,000 after buying an additional 3,817 shares in the last quarter. Vanguard Group Inc. purchased a new position in Nord Anglia Education during the second quarter valued at approximately $202,000. Credit Suisse AG raised its position in Nord Anglia Education by 7.8% in the third quarter. Credit Suisse AG now owns 20,912 shares of the company’s stock valued at $456,000 after buying an additional 1,510 shares in the last quarter. Finally, BlackRock Fund Advisors purchased a new position in Nord Anglia Education during the second quarter valued at approximately $484,000. Institutional investors and hedge funds own 29.23% of the company’s stock.
Several analysts recently commented on NORD shares. JPMorgan Chase & Co. raised their price objective on shares of Nord Anglia Education from $23.00 to $24.00 and gave the company an “overweight” rating in a research note on Tuesday, August 9th. Zacks Investment Research cut shares of Nord Anglia Education from a “hold” rating to a “sell” rating in a research note on Thursday, October 27th. Credit Suisse Group AG set a $25.00 target price on shares of Nord Anglia Education and gave the stock a “buy” rating in a research report on Tuesday, October 11th. Finally, Barclays PLC restated an “overweight” rating and set a $22.00 target price on shares of Nord Anglia Education in a research report on Saturday, October 15th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $24.17.
Nord Anglia Education Company Profile
Nord Anglia Education, Inc is an operator of premium international schools. The principal activities of the Company consist of premium schools and associated activities in China, which includes the People’s Republic of China and Hong Kong Special Administrative Region (SAR); Europe, which includes Switzerland, Slovakia, Hungary, Czech Republic, Spain and Poland; Middle East/South East Asia (ME/SEA), which includes the United Arab Emirates, Qatar, Thailand, Singapore, Cambodia and Vietnam, and North America, which includes the United States and Mexico.
Receive News & Stock Ratings for Nord Anglia Education Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nord Anglia Education Inc. and related stocks with our FREE daily email newsletter.