TAL Education Group (NYSE:TAL) posted its quarterly earnings results on Thursday. The company reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.16, Briefing.com reports. The company had revenue of $910.70 million during the quarter, compared to analyst estimates of $887.64 million. TAL Education Group had a net margin of 0.15% and a return on equity of 0.21%. The firm’s revenue for the quarter was up 29.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.03 earnings per share. TAL Education Group updated its Q2 2021
Pre-Market guidance to EPS.
NYSE:TAL traded up $0.17 on Friday, reaching $78.17. 2,699,443 shares of the company’s stock were exchanged, compared to its average volume of 3,165,111. The stock has a fifty day simple moving average of $71.21 and a 200-day simple moving average of $58.38. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.38 and a quick ratio of 1.37. TAL Education Group has a 52 week low of $30.78 and a 52 week high of $79.77. The firm has a market cap of $44.31 billion, a price-to-earnings ratio of 7,817.00 and a beta of 0.25.
Several research firms recently weighed in on TAL. Bank of America began coverage on shares of TAL Education Group in a research report on Monday, July 13th. They set a “buy” rating for the company. JPMorgan Chase & Co. reduced their price target on shares of TAL Education Group from $61.00 to $60.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. TheStreet lowered shares of TAL Education Group from a “b-” rating to a “c” rating in a research report on Tuesday, April 28th. CLSA upgraded shares of TAL Education Group from a “sell” rating to an “underperform” rating and increased their target price for the stock from $50.00 to $80.00 in a research report on Friday. Finally, Zacks Investment Research upgraded shares of TAL Education Group from a “sell” rating to a “buy” rating and set a $87.00 target price for the company in a research report on Saturday. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $67.21.
TAL Education Group provides K-12 after-school tutoring services in the People's Republic of China. It offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese. The company also provides tutoring services primarily through small classes under the Xueersi, Mobby, and Firstleap brand names; personalized premium services under Izhikang name; and online courses.
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