Zacks: Analysts Anticipate Bright Scholar Education Holdngs Ltd-ADR (NYSE:BEDU) Will Announce Earnings of $0.33 Per Share

Wall Street analysts forecast that Bright Scholar Education Holdngs Ltd-ADR (NYSE:BEDU) will announce earnings of $0.33 per share for the current quarter, according to Zacks. Zero analysts have issued estimates for Bright Scholar Education Holdngs’ earnings. Bright Scholar Education Holdngs reported earnings of $0.19 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 73.7%. The firm is scheduled to report its next quarterly earnings results on Thursday, January 16th.

On average, analysts expect that Bright Scholar Education Holdngs will report full year earnings of $0.46 per share for the current year. For the next financial year, analysts expect that the business will post earnings of $0.55 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Bright Scholar Education Holdngs.

Bright Scholar Education Holdngs (NYSE:BEDU) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.42). The company had revenue of $711.60 million during the quarter, compared to analyst estimates of $590.21 million. Bright Scholar Education Holdngs had a net margin of 9.49% and a return on equity of 8.72%. Bright Scholar Education Holdngs’s revenue for the quarter was up 82.6% compared to the same quarter last year.

Separately, Zacks Investment Research cut Bright Scholar Education Holdngs from a “hold” rating to a “sell” rating in a research note on Tuesday, November 12th.

Institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new stake in shares of Bright Scholar Education Holdngs during the 2nd quarter valued at about $58,000. Citadel Advisors LLC boosted its position in shares of Bright Scholar Education Holdngs by 15.9% during the 2nd quarter. Citadel Advisors LLC now owns 13,423 shares of the company’s stock valued at $121,000 after purchasing an additional 1,845 shares in the last quarter. Trellus Management Company LLC bought a new stake in shares of Bright Scholar Education Holdngs during the 2nd quarter valued at about $173,000. Prudential Financial Inc. bought a new stake in shares of Bright Scholar Education Holdngs during the 2nd quarter valued at about $175,000. Finally, Northern Trust Corp bought a new stake in shares of Bright Scholar Education Holdngs during the 2nd quarter valued at about $232,000. Institutional investors own 10.90% of the company’s stock.

Shares of BEDU stock traded up $0.20 on Wednesday, hitting $9.40. The company had a trading volume of 9,973 shares, compared to its average volume of 106,551. The firm has a market cap of $1.17 billion, a P/E ratio of 31.33 and a beta of 1.32. The stock’s 50-day moving average is $9.25 and its two-hundred day moving average is $9.49. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.48 and a current ratio of 1.49. Bright Scholar Education Holdngs has a twelve month low of $8.40 and a twelve month high of $12.70.

About Bright Scholar Education Holdngs

Bright Scholar Education Holdings Limited operates K-12 schools in China. Its schools comprise international schools, bilingual schools, and kindergartens. The company also offers a range of complementary education services, including international camps and after-school programs, as well as international education consulting services.

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