TAL Education Group (TAL) Expected to Announce Earnings of $0.07 Per Share

Analysts expect TAL Education Group (NYSE:TAL) to post earnings per share of $0.07 for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for TAL Education Group’s earnings. TAL Education Group posted earnings of $0.04 per share during the same quarter last year, which would indicate a positive year over year growth rate of 75%. The firm is scheduled to announce its next earnings report on Thursday, January 18th.

According to Zacks, analysts expect that TAL Education Group will report full-year earnings of $0.37 per share for the current financial year, with EPS estimates ranging from $0.36 to $0.38. For the next financial year, analysts expect that the business will report earnings of $0.64 per share, with EPS estimates ranging from $0.58 to $0.74. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow TAL Education Group.

TAL Education Group (NYSE:TAL) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). TAL Education Group had a return on equity of 18.17% and a net margin of 9.90%. The business had revenue of $455.80 million during the quarter, compared to analyst estimates of $441.18 million. TAL Education Group’s revenue for the quarter was up 68.1% on a year-over-year basis.

A number of brokerages have issued reports on TAL. ValuEngine lowered TAL Education Group from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Macquarie lowered TAL Education Group from an “outperform” rating to a “neutral” rating in a research note on Friday, October 27th. Morgan Stanley initiated coverage on TAL Education Group in a research note on Friday, August 25th. They issued an “overweight” rating and a $37.00 price target on the stock. Jefferies Group lifted their price objective on TAL Education Group to $35.00 and gave the company a “buy” rating in a research note on Monday, August 28th. Finally, Bank of America reaffirmed a “buy” rating and issued a $40.30 price objective (up from $29.10) on shares of TAL Education Group in a research note on Monday, September 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. TAL Education Group currently has a consensus rating of “Buy” and an average target price of $31.16.

A number of hedge funds have recently bought and sold shares of TAL. Baillie Gifford & Co. increased its holdings in shares of TAL Education Group by 530.5% in the 3rd quarter. Baillie Gifford & Co. now owns 23,724,100 shares of the company’s stock valued at $799,739,000 after acquiring an additional 19,961,398 shares during the last quarter. Greenwoods Asset Management Ltd increased its holdings in shares of TAL Education Group by 474.7% in the 3rd quarter. Greenwoods Asset Management Ltd now owns 6,626,686 shares of the company’s stock valued at $223,386,000 after acquiring an additional 5,473,555 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of TAL Education Group by 501.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,816,308 shares of the company’s stock valued at $162,358,000 after acquiring an additional 4,015,962 shares during the last quarter. Thornburg Investment Management Inc. increased its holdings in shares of TAL Education Group by 1,386.4% in the 3rd quarter. Thornburg Investment Management Inc. now owns 3,353,831 shares of the company’s stock valued at $113,058,000 after acquiring an additional 3,128,201 shares during the last quarter. Finally, TB Alternative Assets Ltd. increased its holdings in shares of TAL Education Group by 444.4% in the 3rd quarter. TB Alternative Assets Ltd. now owns 2,836,432 shares of the company’s stock valued at $95,616,000 after acquiring an additional 2,315,385 shares during the last quarter. Institutional investors own 51.22% of the company’s stock.

Shares of TAL Education Group (NYSE:TAL) opened at $29.23 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.32. TAL Education Group has a 52 week low of $11.02 and a 52 week high of $36.16. The stock has a market capitalization of $14,108.56, a PE ratio of 120.25, a price-to-earnings-growth ratio of 1.34 and a beta of 0.19.

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About TAL Education Group

TAL Education Group is a holding company for a group of companies engaged in provision of after-school tutoring programs for primary and secondary school students in the People’s Republic of China (the PRC). The Company is a K-12 after-school tutoring services provider in China. The Company’s Xueersi Peiyou small classes course consists of approximately four semesters, which include approximately two school semesters in Spring and Fall, and approximately two holiday semesters in summer and winter.

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