New Oriental Education (EDU) Founder & Executive Chairman Michael Minhong Yu to Commence Max $30M ADS Buyback Over Next Three Months
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New Oriental Education (EDU) PT Lowered to $81.50 at Macquarie
October 24, 2018 8:09 AM EDTMacquarie analyst Wendy Huang lowered the price target on New Oriental Education (NYSE: EDU) to $81.50 (from $102.20) while maintaining a Outperform rating.
... MoreNew Oriental Education (EDU) PT Lowered to $100 at Nomura/Instinet
October 24, 2018 5:55 AM EDTNomura/Instinet analyst Andrew Orchard lowered the price target on New Oriental Education (NYSE: EDU) to $100.00 (from $115.00) while maintaining a Buy rating.
... MoreCLSA Downgrades New Oriental Education (EDU) to Outperform
October 23, 2018 12:16 PM EDTCLSA analyst Mariana Kou downgraded New Oriental Education (NYSE: EDU) from Buy to Outperform.
For an analyst ratings summary and ratings history on New Oriental Education click here. For more ratings news on New Oriental Education click here.
Shares of New Oriental Education closed at $62.84 yesterday.
... MoreNew Oriental Education (EDU) Announces Up to $200M Share Buyback Authorization
October 23, 2018 5:50 AM EDTOn October 22, 2018, New Oriental Education & Technology Group Inc.'s (NYSE: EDU) board of directors authorized the repurchase of up to US$200 million of the Company's common shares during the period from October 29, 2018 through May 31, 2019.
This share repurchase program authorizes the Company... More
New Oriental Education (EDU) Misses Q1 EPS by 10c, Revenues Beat; Offers 2Q Revenue Outlook Below Consensus
October 23, 2018 5:46 AM EDTNew Oriental Education (NYSE: EDU) reported Q1 EPS of $1.16, $0.10 worse than the analyst estimate of $1.26. Revenue for the quarter came in at $859.8 million versus the consensus estimate of $851.12 million.
Michael Yu, New Oriental's Executive Chairman, commented, "We are very pleased to start fiscal year 2019 with a remarkable year-over-year acceleration in our top line growth rate at 30.1%, beating that of the same quarter of the previous year. This strong top-line growth was largely driven by the solid increase in student enrollments in the recent two quarters, which had a steady year-over-year increase of approximately 28%... More
