RISE Education Cayman Ltd (NASDAQ:REDU) Expected to Post Earnings of $0.12 Per Share

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Wall Street brokerages expect RISE Education Cayman Ltd (NASDAQ:REDU) to post $0.12 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for RISE Education Cayman’s earnings. RISE Education Cayman also posted earnings per share of $0.12 in the same quarter last year. The company is scheduled to announce its next earnings results on Thursday, March 12th.

On average, analysts expect that RISE Education Cayman will report full-year earnings of $0.43 per share for the current financial year. For the next fiscal year, analysts anticipate that the company will post earnings of $0.47 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover RISE Education Cayman.

RISE Education Cayman (NASDAQ:REDU) last announced its quarterly earnings data on Thursday, November 14th. The company reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.03. The company had revenue of $57.52 million during the quarter. RISE Education Cayman had a net margin of 8.76% and a return on equity of 30.47%.

A number of equities analysts have commented on REDU shares. Morgan Stanley downgraded shares of RISE Education Cayman from an “equal weight” rating to an “underweight” rating in a research report on Monday, August 19th. ValuEngine downgraded shares of RISE Education Cayman from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Credit Suisse Group downgraded shares of RISE Education Cayman from an “outperform” rating to a “neutral” rating in a research report on Monday, October 21st. Finally, Zacks Investment Research upgraded shares of RISE Education Cayman from a “sell” rating to a “hold” rating in a research report on Tuesday, October 22nd.

RISE Education Cayman stock traded down $0.19 during trading hours on Monday, reaching $7.00. 432,341 shares of the stock were exchanged, compared to its average volume of 48,016. The stock has a market cap of $397.42 million, a P/E ratio of 17.50 and a beta of 0.79. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.85 and a current ratio of 0.86. RISE Education Cayman has a 52-week low of $6.62 and a 52-week high of $11.00. The firm’s 50 day moving average is $7.36 and its 200 day moving average is $8.41.

Several institutional investors and hedge funds have recently made changes to their positions in REDU. BlackRock Inc. increased its holdings in shares of RISE Education Cayman by 117.5% in the 2nd quarter. BlackRock Inc. now owns 441,105 shares of the company’s stock valued at $4,203,000 after purchasing an additional 238,262 shares in the last quarter. Morgan Stanley increased its holdings in shares of RISE Education Cayman by 5.7% in the 2nd quarter. Morgan Stanley now owns 2,664,393 shares of the company’s stock valued at $25,392,000 after purchasing an additional 142,669 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of RISE Education Cayman by 115.6% in the 2nd quarter. Renaissance Technologies LLC now owns 98,524 shares of the company’s stock valued at $939,000 after purchasing an additional 52,822 shares in the last quarter. Prudential Financial Inc. purchased a new position in shares of RISE Education Cayman in the 2nd quarter valued at about $389,000. Finally, Northern Trust Corp increased its holdings in shares of RISE Education Cayman by 119.2% in the 2nd quarter. Northern Trust Corp now owns 27,873 shares of the company’s stock valued at $265,000 after purchasing an additional 15,158 shares in the last quarter. Institutional investors and hedge funds own 13.03% of the company’s stock.

About RISE Education Cayman

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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