TAL Education Group (NYSE:TAL) posted its quarterly earnings results on Thursday. The company reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.16, Briefing.com reports. TAL Education Group had a return on equity of 0.21% and a net margin of 0.15%. The business had revenue of $910.70 million during the quarter, compared to the consensus estimate of $887.64 million. During the same period in the prior year, the company posted $0.03 EPS. The firm’s revenue for the quarter was up 29.6% compared to the same quarter last year. TAL Education Group updated its Q2 2021
Pre-Market guidance to EPS.
NYSE:TAL traded up $0.17 during midday trading on Friday, hitting $78.17. 2,699,443 shares of the company traded hands, compared to its average volume of 3,165,111. The company has a current ratio of 1.38, a quick ratio of 1.37 and a debt-to-equity ratio of 0.10. The firm’s fifty day moving average is $71.21 and its 200-day moving average is $58.38. TAL Education Group has a 12-month low of $30.78 and a 12-month high of $79.77. The firm has a market capitalization of $44.31 billion, a P/E ratio of 7,817.00 and a beta of 0.25.
TAL has been the topic of several recent research reports. Bank of America initiated coverage on TAL Education Group in a report on Monday, July 13th. They set a “buy” rating on the stock. Goldman Sachs Group upped their price objective on TAL Education Group from $64.00 to $75.00 in a report on Wednesday, July 1st. TheStreet cut TAL Education Group from a “b-” rating to a “c” rating in a report on Tuesday, April 28th. CLSA raised TAL Education Group from a “sell” rating to an “underperform” rating and upped their price objective for the stock from $50.00 to $80.00 in a report on Friday. Finally, JPMorgan Chase & Co. decreased their price objective on TAL Education Group from $61.00 to $60.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. TAL Education Group presently has a consensus rating of “Buy” and a consensus price target of $67.21.
TAL Education Group 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. The company also provides tutoring services primarily through small classes under the Xueersi, Mobby, and Firstleap brand names; personalized premium services under Izhikang name; and online courses.
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