New Oriental Education & Technology Group (NYSE:EDU) Sets New 52-Week High Following Strong Earnings

New Oriental Education & Technology Group, Inc. (NYSE:EDU) shares reached a new 52-week high during mid-day trading on Wednesday following a better than expected earnings announcement. The stock traded as high as $63.78 and last traded at $57.8340, with a volume of 1216105 shares traded. The stock had previously closed at $55.97.

The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.11. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.16 billion. New Oriental Education & Technology Group had a return on equity of 10.77% and a net margin of 7.36%.The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.22 earnings per share.

Trending Headlines about New Oriental Education & Technology Group

Here are the key news stories impacting New Oriental Education & Technology Group this week:

• Positive Sentiment: Quarterly beat — New Oriental reported $0.45 EPS vs. $0.34 consensus and revenue of $1.191B vs. $1.16B expected; revenue rose 14.7% year-over-year, and net margin/ROE remain healthy. This earnings surprise is the primary catalyst for the share strength. Investing.com coverage
• Positive Sentiment: Company press release and filings confirm the results and provide detail on segment performance and financials — useful for modeling next quarters. PR Newswire release
• Positive Sentiment: Reduced short interest — January short interest fell ~23% (to ~4.2M shares), lowering potential short-squeeze risk and signaling reduced bearish positioning. This can support the stock on positive news. (Data reported 1/27)
• Neutral Sentiment: Guidance update unclear/partial — Management issued third-quarter revenue guidance ~ $1.3B but EPS guidance was not clearly provided in the bulletin; clarity on margins and enrollment trends will matter for forward estimates. See company announcement for details. Company press release / report
• Neutral Sentiment: Conference call & investor materials available — Management commentary on demand trends, margin drivers and channel mix will be the next market focus; listen to the call or read the transcript for color. MarketBeat transcript / press link
• Neutral Sentiment: Third-party commentary/comparisons — Broker and media comparisons (including a Nerdy/EDU comparison) may influence investor framing but are secondary to the company’s reported results. Comparative analysis

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of New Oriental Education & Technology Group from $60.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of New Oriental Education & Technology Group in a research report on Monday, December 29th. Zacks Research upgraded shares of New Oriental Education & Technology Group from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $60.00 price target on shares of New Oriental Education & Technology Group in a research note on Wednesday, October 29th. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, New Oriental Education & Technology Group presently has a consensus rating of “Hold” and a consensus price target of $65.30.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd raised its holdings in shares of New Oriental Education & Technology Group by 7,314.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 519 shares of the company’s stock valued at $28,000 after purchasing an additional 512 shares during the period. Bessemer Group Inc. acquired a new position in New Oriental Education & Technology Group during the second quarter worth $37,000. Hantz Financial Services Inc. lifted its stake in shares of New Oriental Education & Technology Group by 738.0% in the second quarter. Hantz Financial Services Inc. now owns 905 shares of the company’s stock valued at $49,000 after buying an additional 797 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of New Oriental Education & Technology Group during the second quarter valued at about $111,000. Finally, Quantbot Technologies LP increased its position in shares of New Oriental Education & Technology Group by 309.7% during the third quarter. Quantbot Technologies LP now owns 3,532 shares of the company’s stock worth $187,000 after acquiring an additional 2,670 shares in the last quarter.

New Oriental Education & Technology Group Stock Performance

The company has a market cap of $9.22 billion, a price-to-earnings ratio of 25.54, a price-to-earnings-growth ratio of 1.31 and a beta of 0.29. The stock’s fifty day moving average is $54.72 and its two-hundred day moving average is $52.68.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group (NYSE: EDU) is one of China’s leading providers of private educational services, specializing in language training, test preparation and consulting for overseas study. The company’s offerings span a range of subjects, including English language instruction, preparatory courses for examinations such as the TOEFL, GRE and GMAT, and K-12 after-school tutoring. New Oriental’s curriculum is delivered through a combination of in-person learning centers and digital platforms, enabling students across various regions to access its educational resources.

Founded in 1993 by Michael Yu Minhong in Beijing, New Oriental began as a small language school and quickly expanded its footprint.