Gaining Ground: New Oriental Education & Technology Group Inc. ADR (EDU) Closes Lower at 70.36, Down -4.14

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The price of New Oriental Education & Technology Group Inc. ADR (NYSE: EDU) closed at $70.36 in the last session, down -4.14% from day before closing price of $73.40. In other words, the price has decreased by -$4.14 from its previous closing price. On the day, 2.6 million shares were traded. EDU stock price reached its highest trading level at $72.5 during the session, while it also had its lowest trading level at $70.28.

Ratios:

We take a closer look at EDU’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.91 and its Current Ratio is at 1.95. In the meantime, Its Debt-to-Equity ratio is 0.15 whereas as Long-Term Debt/Eq ratio is at 0.10.

On November 07, 2023, Morgan Stanley started tracking the stock assigning a Overweight rating and target price of $81.Morgan Stanley initiated its Overweight rating on November 07, 2023, with a $81 target price.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, EDU now has a Market Capitalization of 11883171840 and an Enterprise Value of 112719298560. As of this moment, New’s Price-to-Earnings (P/E) ratio for their current fiscal year is 37.66, and their Forward P/E ratio for the next fiscal year is 20.14. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 129.88. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.88 while its Price-to-Book (P/B) ratio in mrq is 3.01. Its current Enterprise Value per Revenue stands at 27.918 whereas that against EBITDA is 246.726.

Stock Price History:

Over the past 52 weeks, EDU has reached a high of $98.20, while it has fallen to a 52-week low of $49.94. The 50-Day Moving Average of the stock is -9.28%, while the 200-Day Moving Average is calculated to be -10.80%.

Shares Statistics:

According to the various share statistics, EDU traded on average about 1.55M shares per day over the past 3-months and 1821950 shares per day over the past 10 days. A total of 165.51M shares are outstanding, with a floating share count of 165.48M. Insiders hold about 0.02% of the company’s shares, while institutions hold 46.08% stake in the company. Shares short for EDU as of 1721001600 were 6920723 with a Short Ratio of 3.55, compared to 1718323200 on 6390187.

Earnings Estimates

The dynamic stock of New Oriental Education & Technology Group Inc. ADR (EDU) is currently being evaluated by a team of 6.0 analysts, each contributing to its current rating.On average, analysts expect EPS of $0.44 for the current quarter, with a high estimate of $0.47 and a low estimate of $0.39, while EPS last year was $0.37. The consensus estimate for the next quarter is $1.65, with high estimates of $1.76 and low estimates of $1.55.

Analysts are recommending an EPS of between $3.54 and $2.29 for the fiscal current year, implying an average EPS of $2.59. EPS for the following year is $3.81, with 17.0 analysts recommending between $4.73 and $3.34.

Revenue Estimates

According to 8 analysts, the current quarter’s revenue is expected to be $1.14B. It ranges from a high estimate of $1.18B to a low estimate of $1.1B. As of the current estimate, New Oriental Education & Technology Group Inc. ADR’s year-ago sales were $860.57MFor the next quarter, 8 analysts are estimating revenue of $1.49B. There is a high estimate of $1.54B for the next quarter, whereas the lowest estimate is $1.41B.

A total of 20 analysts have provided revenue estimates for EDU’s current fiscal year. The highest revenue estimate was $4.36B, while the lowest revenue estimate was $4.21B, resulting in an average revenue estimate of $4.31B. In the same quarter a year ago, actual revenue was $3BBased on 20 analysts’ estimates, the company’s revenue will be $5.48B in the next fiscal year. The high estimate is $5.83B and the low estimate is $5.08B.

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