TAL Education Group (NYSE:TAL) Releases Earnings Results, Beats Estimates By $0.08 EPS

TAL Education Group (NYSE:TAL) posted its earnings results on Thursday. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.08, Zacks reports. TAL Education Group had a return on equity of 1.47% and a net margin of 3.24%. The firm had revenue of $414.19 million during the quarter, compared to the consensus estimate of $392.39 million. During the same period in the prior year, the company earned ($0.07) EPS.

TAL Education Group Stock Performance

TAL stock traded down $0.61 during midday trading on Friday, reaching $8.47. The company’s stock had a trading volume of 16,356,861 shares, compared to its average volume of 5,115,082. The stock has a fifty day simple moving average of $10.67 and a two-hundred day simple moving average of $11.81. TAL Education Group has a 1 year low of $6.24 and a 1 year high of $15.52. The firm has a market capitalization of $5.12 billion, a price-to-earnings ratio of -846.15 and a beta of 0.01.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. StockNews.com lowered TAL Education Group from a “hold” rating to a “sell” rating in a report on Thursday, July 11th. HSBC assumed coverage on TAL Education Group in a report on Wednesday, May 29th. They set a “buy” rating and a $16.00 price target on the stock. One analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $13.28.

About TAL Education Group

TAL Education Group provides K-12 after-school tutoring services in the People's Republic of China. The company offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese.