Tarena International (TEDU) Earning Somewhat Favorable Press Coverage, Report Finds
Media stories about Tarena International (NASDAQ:TEDU) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Tarena International earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned media headlines about the business services provider an impact score of 44.2902696388079 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Tarena International (TEDU) traded up 0.56% on Wednesday, hitting $14.48. The company’s stock had a trading volume of 40,633 shares. Tarena International has a 12 month low of $14.40 and a 12 month high of $14.54.
Tarena International (NASDAQ:TEDU) last issued its earnings results on Monday, August 21st. The business services provider reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.07). The company had revenue of $66.43 million for the quarter. Tarena International had a return on equity of 15.30% and a net margin of 13.74%. On average, equities analysts expect that Tarena International will post $0.82 earnings per share for the current year.
Tarena International declared that its Board of Directors has approved a share buyback program on Monday, August 21st that authorizes the company to buyback $30.00 million in outstanding shares. This buyback authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its stock is undervalued.
A number of research firms have weighed in on TEDU. Zacks Investment Research downgraded Tarena International from a “hold” rating to a “sell” rating in a report on Saturday, August 26th. Jefferies Group LLC reiterated a “buy” rating and set a $21.50 target price on shares of Tarena International in a report on Thursday, July 27th. Nomura reiterated a “neutral” rating on shares of Tarena International in a report on Tuesday, August 22nd. Numis Securities Ltd downgraded Tarena International from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $20.50 to $19.50 in a report on Tuesday, August 22nd. Finally, BidaskClub downgraded Tarena International from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $20.10.
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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