TAL Education Group (NYSE:TAL) Posts Quarterly Earnings Results

TAL Education Group (NYSE:TAL) released its earnings results on Thursday. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.03, RTT News reports. The firm had revenue of $619.36 million for the quarter, compared to analyst estimates 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 prior year, the firm posted $0.06 earnings per share.

TAL Education Group Stock Up 4.6 %

TAL traded up $0.48 during trading on Friday, hitting $10.98. The company had a trading volume of 7,824,906 shares, 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. TAL Education Group has a one year low of $7.34 and a one year high of $15.52. The firm’s 50-day moving average price is $9.36 and its 200 day moving average price is $10.52.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. StockNews.com lowered shares of TAL Education Group from a “hold” rating to a “sell” rating in a report on Monday, October 14th. Citigroup dropped their price objective on TAL Education Group from $21.30 to $13.40 and set a “buy” rating on the stock in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to MarketBeat, TAL Education Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.73.

TAL Education Group Company Profile

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.