Zacks: Analysts Anticipate TAL Education Group (TAL) to Announce $0.11 EPS

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Wall Street analysts expect TAL Education Group (NYSE:TAL) to post earnings per share of $0.11 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for TAL Education Group’s earnings. TAL Education Group posted earnings of $0.09 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 22.2%. The company is scheduled to announce its next earnings report on Thursday, January 24th.

According to Zacks, analysts expect that TAL Education Group will report full year earnings of $0.55 per share for the current year, with EPS estimates ranging from $0.51 to $0.57. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.88 per share, with EPS estimates ranging from $0.76 to $1.02. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for TAL Education Group.

TAL Education Group (NYSE:TAL) last released its quarterly earnings data on Thursday, October 25th. The company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.02. The firm had revenue of $699.78 million for the quarter. TAL Education Group had a return on equity of 17.17% and a net margin of 11.61%.

Several research analysts have recently commented on the company. Zacks Investment Research upgraded TAL Education Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 1st. Nomura decreased their price objective on TAL Education Group from $39.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, October 26th. TheStreet downgraded TAL Education Group from a “b-” rating to a “c+” rating in a report on Tuesday, October 9th. Citigroup downgraded TAL Education Group from a “buy” rating to a “neutral” rating in a report on Thursday, September 13th. Finally, ValuEngine downgraded TAL Education Group from a “sell” rating to a “strong sell” rating in a report on Friday, September 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $41.00.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Morgan Stanley increased its holdings in TAL Education Group by 4.4% during the 2nd quarter. Morgan Stanley now owns 32,732,433 shares of the company’s stock valued at $1,204,554,000 after purchasing an additional 1,386,039 shares during the period. FMR LLC increased its holdings in TAL Education Group by 123.7% during the 2nd quarter. FMR LLC now owns 8,831,042 shares of the company’s stock valued at $324,982,000 after purchasing an additional 4,882,800 shares during the period. BRILLIANCE ASSET MANAGEMENT Ltd increased its holdings in TAL Education Group by 758.5% during the 3rd quarter. BRILLIANCE ASSET MANAGEMENT Ltd now owns 3,746,140 shares of the company’s stock valued at $96,313,000 after purchasing an additional 3,309,806 shares during the period. TB Alternative Assets Ltd. increased its holdings in TAL Education Group by 8.3% during the 3rd quarter. TB Alternative Assets Ltd. now owns 2,967,961 shares of the company’s stock valued at $76,306,000 after purchasing an additional 226,264 shares during the period. Finally, Yiheng Capital LLC increased its holdings in TAL Education Group by 13.9% during the 2nd quarter. Yiheng Capital LLC now owns 2,870,304 shares of the company’s stock valued at $105,627,000 after purchasing an additional 350,000 shares during the period. Hedge funds and other institutional investors own 61.00% of the company’s stock.

TAL opened at $28.98 on Thursday. The stock has a market capitalization of $13.64 billion, a PE ratio of 85.24 and a beta of 0.04. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.13. TAL Education Group has a 12 month low of $21.08 and a 12 month high of $47.63.

About TAL Education Group

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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