Positive News Coverage Somewhat Unlikely to Affect New Oriental Education & Technology Group (NYSE:EDU) Share Price

News coverage about New Oriental Education & Technology Group (NYSE:EDU) has trended positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. New Oriental Education & Technology Group earned a news sentiment score of 0.34 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.9435892243929 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the media headlines that may have impacted Accern’s analysis:

New Oriental Education & Technology Group (NYSE:EDU) traded down 1.30% during midday trading on Friday, hitting $87.04. 4,129,196 shares of the stock traded hands. The firm’s 50-day moving average is $82.13 and its 200-day moving average is $70.78. The company has a market cap of $13.72 billion, a price-to-earnings ratio of 50.02 and a beta of 1.37. New Oriental Education & Technology Group has a 52-week low of $37.16 and a 52-week high of $94.30.

New Oriental Education & Technology Group (NYSE:EDU) last announced its quarterly earnings data on Tuesday, July 25th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.03). The company had revenue of $486.40 million during the quarter, compared to analysts’ expectations of $477.81 million. New Oriental Education & Technology Group had a net margin of 15.25% and a return on equity of 17.02%. The business’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.29 EPS. Analysts predict that New Oriental Education & Technology Group will post $2.37 EPS for the current year.

The business also recently disclosed a special dividend, which will be paid on Friday, October 6th. Stockholders of record on Wednesday, September 6th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, September 1st. This is a boost from New Oriental Education & Technology Group’s previous special dividend of $0.40.

Several equities analysts recently commented on the stock. J P Morgan Chase & Co lowered shares of New Oriental Education & Technology Group from a “neutral” rating to an “underweight” rating and set a $82.00 target price on the stock. in a report on Thursday. Morgan Stanley assumed coverage on shares of New Oriental Education & Technology Group in a report on Friday, August 25th. They set an “overweight” rating and a $100.00 target price on the stock. UBS AG began coverage on shares of New Oriental Education & Technology Group in a report on Tuesday, August 1st. They set a “buy” rating and a $96.75 target price on the stock. Zacks Investment Research cut shares of New Oriental Education & Technology Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, Benchmark Co. increased their price target on shares of New Oriental Education & Technology Group from $75.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $81.82.

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New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group Inc is a provider of private educational services in the People’s Republic of China (the PRC). The Company provides educational services under its New Oriental brand. The Company operates through seven segments, which include language training and test preparation, primary and secondary school education, online education, content development and distribution, pre-school education, overseas study consulting services and study tour.

Insider Buying and Selling by Quarter for New Oriental Education & Technology Group (NYSE:EDU)

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