New Oriental Education & Technology Group Inc. Announces — Dividend of $0.58 (NYSE:EDU)

New Oriental Education & Technology Group Inc. (NYSE:EDU) declared a — dividend on Monday, August 19th, Wall Street Journal reports. Investors of record on Monday, September 9th will be paid a dividend of 0.58 per share on Monday, September 23rd. The ex-dividend date is Monday, September 9th.

New Oriental Education & Technology Group Stock Performance

Shares of EDU opened at $60.79 on Friday. New Oriental Education & Technology Group has a 1 year low of $53.30 and a 1 year high of $98.20. The company’s 50 day simple moving average is $70.23 and its 200 day simple moving average is $79.45. The company has a market capitalization of $10.32 billion, a price-to-earnings ratio of 32.68 and a beta of 0.46.

New Oriental Education & Technology Group (NYSE:EDU) last released its earnings results on Wednesday, July 31st. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.19). New Oriental Education & Technology Group had a return on equity of 7.50% and a net margin of 7.18%. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. Equities analysts expect that New Oriental Education & Technology Group will post 2.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EDU. Citigroup reduced their target price on New Oriental Education & Technology Group from $127.00 to $106.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. HSBC started coverage on New Oriental Education & Technology Group in a report on Wednesday, May 29th. They set a “buy” rating and a $110.00 target price for the company. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, New Oriental Education & Technology Group currently has an average rating of “Moderate Buy” and a consensus price target of $103.67.

About New Oriental Education & Technology Group

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People’s Republic of China. The company operates through four segments: Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Educational Materials and Distribution.