Bright Scholar Education Holdngs Ltd-ADR (NYSE:BEDU) Expected to Post Earnings of $0.33 Per Share

Brokerages expect Bright Scholar Education Holdngs Ltd-ADR (NYSE:BEDU) to announce $0.33 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Bright Scholar Education Holdngs’ earnings. Bright Scholar Education Holdngs reported earnings per share of $0.19 in the same quarter last year, which would suggest a positive year-over-year growth rate of 73.7%. The company is expected to issue its next earnings report on Thursday, January 16th.

On average, analysts expect that Bright Scholar Education Holdngs will report full-year earnings of $0.46 per share for the current year. For the next fiscal year, analysts anticipate that the business will report earnings of $0.55 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Bright Scholar Education Holdngs.

Bright Scholar Education Holdngs (NYSE:BEDU) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.42). The company had revenue of $711.60 million during the quarter, compared to analyst estimates of $590.21 million. Bright Scholar Education Holdngs had a return on equity of 8.72% and a net margin of 9.49%. The firm’s quarterly revenue was up 82.6% compared to the same quarter last year.

Several equities analysts have recently issued reports on BEDU shares. Zacks Investment Research cut Bright Scholar Education Holdngs from a “hold” rating to a “sell” rating in a research report on Tuesday, November 12th. Goldman Sachs Group lowered Bright Scholar Education Holdngs from a “buy” rating to a “neutral” rating and cut their price objective for the company from $10.80 to $9.80 in a report on Thursday, December 12th.

Bright Scholar Education Holdngs stock opened at $9.30 on Friday. Bright Scholar Education Holdngs has a 52 week low of $8.40 and a 52 week high of $12.70. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 31.00 and a beta of 1.32. The company’s 50-day moving average price is $9.21 and its two-hundred day moving average price is $9.43. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.68.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Indus Capital Partners LLC boosted its stake in shares of Bright Scholar Education Holdngs by 25.8% during the 2nd quarter. Indus Capital Partners LLC now owns 5,082,402 shares of the company’s stock worth $46,047,000 after acquiring an additional 1,043,266 shares in the last quarter. BlackRock Inc. purchased a new position in Bright Scholar Education Holdngs during the 2nd quarter worth approximately $1,629,000. Morgan Stanley grew its position in Bright Scholar Education Holdngs by 40.2% during the 2nd quarter. Morgan Stanley now owns 429,855 shares of the company’s stock worth $3,895,000 after purchasing an additional 123,322 shares in the last quarter. Renaissance Technologies LLC raised its stake in Bright Scholar Education Holdngs by 153.4% during the 2nd quarter. Renaissance Technologies LLC now owns 132,300 shares of the company’s stock valued at $1,199,000 after purchasing an additional 80,100 shares during the period. Finally, Amundi Pioneer Asset Management Inc. acquired a new stake in Bright Scholar Education Holdngs during the 2nd quarter valued at $334,000. 10.90% of the stock is owned by institutional investors.

About Bright Scholar Education Holdngs

Bright Scholar Education Holdings Limited operates K-12 schools in China. Its schools comprise international schools, bilingual schools, and kindergartens. The company also offers a range of complementary education services, including international camps and after-school programs, as well as international education consulting services.

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