Brokerages Expect TAL Education Group (TAL) Will Post Earnings of $0.17 Per Share

Equities analysts predict that TAL Education Group (NYSE:TAL) will post $0.17 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for TAL Education Group’s earnings. TAL Education Group posted earnings per share of $0.14 in the same quarter last year, which would suggest a positive year over year growth rate of 21.4%. The firm is expected to issue its next quarterly earnings results before the market opens on Thursday, April 25th.

On average, analysts expect that TAL Education Group will report full-year earnings of $0.60 per share for the current year, with EPS estimates ranging from $0.56 to $0.63. For the next year, analysts forecast that the business will report earnings of $0.91 per share, with EPS estimates ranging from $0.87 to $0.95. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover TAL Education Group.

TAL Education Group (NYSE:TAL) last released its earnings results on Thursday, January 24th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.16. The firm had revenue of $585.99 million during the quarter, compared to analyst estimates of $573.90 million. TAL Education Group had a net margin of 14.40% and a return on equity of 18.88%. The firm’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.09 earnings per share.

Several equities analysts have recently commented on TAL shares. Citigroup upgraded shares of TAL Education Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 9th. Macquarie set a $32.00 price target on shares of TAL Education Group and gave the stock a “buy” rating in a research report on Tuesday, January 15th. TheStreet upgraded shares of TAL Education Group from a “c+” rating to a “b-” rating in a research report on Friday, January 25th. Zacks Investment Research upgraded shares of TAL Education Group from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research report on Tuesday, January 29th. Finally, ValuEngine upgraded shares of TAL Education Group from a “sell” rating to a “hold” rating in a research report on Tuesday, February 5th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. TAL Education Group has a consensus rating of “Buy” and a consensus price target of $40.15.

Hedge funds have recently bought and sold shares of the stock. Comerica Bank lifted its stake in TAL Education Group by 30.7% in the third quarter. Comerica Bank now owns 20,397 shares of the company’s stock worth $471,000 after purchasing an additional 4,787 shares during the last quarter. BlackRock Inc. increased its holdings in TAL Education Group by 9.3% during the third quarter. BlackRock Inc. now owns 15,609,607 shares of the company’s stock valued at $401,325,000 after buying an additional 1,329,357 shares during the period. American International Group Inc. purchased a new position in TAL Education Group during the third quarter valued at approximately $143,000. Panagora Asset Management Inc. grew its holdings in TAL Education Group by 87.5% in the third quarter. Panagora Asset Management Inc. now owns 18,384 shares of the company’s stock worth $473,000 after purchasing an additional 8,579 shares during the last quarter. Finally, Aviva PLC grew its holdings in TAL Education Group by 9.0% in the third quarter. Aviva PLC now owns 90,400 shares of the company’s stock worth $2,324,000 after purchasing an additional 7,500 shares during the last quarter. 58.81% of the stock is owned by institutional investors and hedge funds.

Shares of TAL Education Group stock traded down $0.56 during trading on Thursday, hitting $34.08. 4,985,542 shares of the stock were exchanged, compared to its average volume of 3,877,158. The firm has a market capitalization of $19.64 billion, a P/E ratio of 100.24 and a beta of 0.12. TAL Education Group has a 12 month low of $21.08 and a 12 month high of $47.63.

TAL Education Group Company Profile

TAL Education Group, through its subsidiaries, provides K-12 after-school tutoring services in the People's Republic of China. It offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese.

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