TAL Education Group (NYSE:TAL – Get Free Report) announced its earnings results on Thursday. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.09 by $0.03, RTT News reports. The business had revenue of $619.36 million for the quarter, compared to the consensus estimate 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 period last year, the business posted $0.06 EPS.
TAL Education Group Trading Up 4.6 %
TAL stock traded up $0.48 during midday trading on Friday, hitting $10.98. 7,824,906 shares of the company’s stock were exchanged, compared to its average volume of 7,079,275. TAL Education Group has a 12-month low of $7.34 and a 12-month high of $15.52. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of 137.27 and a beta of 0.04. The firm has a 50 day moving average price of $9.36 and a 200-day moving average price of $10.52.
Analyst Ratings Changes
Several brokerages recently commented on TAL. Citigroup dropped their target price on TAL Education Group from $21.30 to $13.40 and set a “buy” rating on the stock in a report on Monday, August 5th. StockNews.com downgraded TAL Education Group from a “hold” rating to a “sell” rating in a report on Monday, October 14th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to MarketBeat.com, TAL Education Group currently has a consensus rating of “Moderate Buy” and an average 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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