RISE Education Cayman Ltd (NASDAQ:REDU) Expected to Post Earnings of $0.11 Per Share
Equities analysts expect RISE Education Cayman Ltd (NASDAQ:REDU) to announce $0.11 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for RISE Education Cayman’s earnings. RISE Education Cayman posted earnings per share of $0.12 during the same quarter last year, which suggests a negative year over year growth rate of 8.3%. The company is scheduled to issue its next earnings results on Thursday, August 15th.
On average, analysts expect that RISE Education Cayman will report full-year earnings of $0.47 per share for the current fiscal year. For the next year, analysts anticipate that the firm will post earnings of $0.56 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover RISE Education Cayman.
RISE Education Cayman (NASDAQ:REDU) last announced its quarterly earnings data on Thursday, May 16th. The company reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.02. RISE Education Cayman had a return on equity of 35.60% and a net margin of 10.77%. The firm had revenue of $49.92 million during the quarter.
RISE Education Cayman stock traded up $0.28 during mid-day trading on Thursday, reaching $9.13. The stock had a trading volume of 57,347 shares, compared to its average volume of 60,828. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.98 and a quick ratio of 0.98. RISE Education Cayman has a fifty-two week low of $6.70 and a fifty-two week high of $13.68. The company has a 50-day simple moving average of $9.33. The stock has a market cap of $503.02 million, a price-to-earnings ratio of 22.83 and a beta of 0.86.
Several large investors have recently made changes to their positions in REDU. Truvestments Capital LLC purchased a new position in shares of RISE Education Cayman during the first quarter valued at approximately $86,000. BlackRock Inc. boosted its position in shares of RISE Education Cayman by 9.0% during the fourth quarter. BlackRock Inc. now owns 68,128 shares of the company’s stock valued at $542,000 after buying an additional 5,619 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of RISE Education Cayman by 11.7% during the fourth quarter. Northern Trust Corp now owns 12,337 shares of the company’s stock valued at $98,000 after buying an additional 1,295 shares during the last quarter. 13.22% of the stock is currently owned by institutional investors.
RISE Education Cayman Company Profile
RISE Education Cayman Ltd, through its subsidiaries, provides junior English language training services under the RISE brand name in the People's Republic of China. The company offers a range of educational programs, services, and products, including educational courses, sale of course materials, franchise services, and study tours.
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