Zacks: Analysts Expect TAL Education Group (TAL) to Announce $0.14 Earnings Per Share

Analysts expect TAL Education Group (NYSE:TAL) to post earnings per share of $0.14 for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for TAL Education Group’s earnings. TAL Education Group also reported earnings per share of $0.14 during the same quarter last year. The company is scheduled to issue its next quarterly earnings report on Thursday, April 25th.

On average, analysts expect that TAL Education Group will report full year earnings of $0.59 per share for the current fiscal year, with EPS estimates ranging from $0.56 to $0.63. For the next financial year, analysts forecast that the company will report earnings of $0.86 per share, with EPS estimates ranging from $0.77 to $0.95. Zacks’ earnings per share averages are an 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 earnings results on Thursday, January 24th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.16. The business had revenue of $585.99 million for the quarter, compared to analyst estimates of $573.90 million. TAL Education Group had a return on equity of 18.88% and a net margin of 14.40%. TAL Education Group’s revenue was up 35.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.09 earnings per share.

Several equities analysts have recently commented on the company. ValuEngine raised TAL Education Group from a “sell” rating to a “hold” rating in a research report on Friday. TheStreet raised TAL Education Group from a “c+” rating to a “b-” rating in a research report on Friday, January 25th. Zacks Investment Research raised TAL Education Group from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Tuesday, January 29th. Citigroup raised TAL Education Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 9th. Finally, Macquarie set a $32.00 price target on TAL Education Group and gave the stock a “buy” rating in a research report on Tuesday, January 15th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $41.20.

Shares of TAL Education Group stock traded down $0.10 on Friday, hitting $35.50. The stock had a trading volume of 1,956,620 shares, compared to its average volume of 3,640,618. TAL Education Group has a twelve month low of $21.08 and a twelve month high of $47.63. The company has a market capitalization of $19.26 billion, a price-to-earnings ratio of 104.41 and a beta of 0.06.

Several institutional investors and hedge funds have recently made changes to their positions in TAL. Commonwealth Bank of Australia lifted its stake in shares of TAL Education Group by 66.7% in the 4th quarter. Commonwealth Bank of Australia now owns 1,000 shares of the company’s stock valued at $26,000 after acquiring an additional 400 shares during the last quarter. Csenge Advisory Group bought a new position in TAL Education Group during the 3rd quarter worth $27,000. Bremer Trust National Association bought a new position in TAL Education Group during the 4th quarter worth $33,000. Lavaca Capital LLC bought a new position in TAL Education Group during the 4th quarter worth $58,000. Finally, Quadrant Capital Group LLC raised its position in TAL Education Group by 246.9% during the 4th quarter. Quadrant Capital Group LLC now owns 3,309 shares of the company’s stock worth $86,000 after purchasing an additional 2,355 shares during the last quarter. Institutional investors own 55.44% of the company’s stock.

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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