TAL Education Group (NYSE:TAL – Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03, RTT News reports. The company had revenue of $619.36 million for the quarter, compared to analysts’ expectations of $609.51 million. TAL Education Group had a return on equity of 1.46% and a net margin of 3.24%. During the same quarter in the previous year, the company posted $0.06 earnings per share.
TAL Education Group Price Performance
Shares of TAL traded up $0.48 during trading hours on Friday, hitting $10.98. 7,824,906 shares of the company were exchanged, compared to its average volume of 7,079,275. The company has a market capitalization of $6.64 billion, a PE ratio of 137.27 and a beta of 0.04. The firm has a fifty day simple moving average of $9.36 and a 200-day simple moving average of $10.52. TAL Education Group has a one year low of $7.34 and a one year high of $15.52.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. StockNews.com lowered TAL Education Group from a “hold” rating to a “sell” rating in a research note on Monday, October 14th. Citigroup decreased their target price on TAL Education Group from $21.30 to $13.40 and set a “buy” rating for the company in a research note on Monday, August 5th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.73.
About TAL Education Group
TAL Education Group provides K-12 after-school tutoring services in the People’s Republic of China. It provides learning services primarily through small-classes services; personalized premium services; and learning content solutions, such as print books, smart books, mobile apps, and AI-driven learning devices.
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