TAL Education Group (NYSE:TAL) Posts Quarterly Earnings Results

TAL Education Group (NYSE:TAL) posted its quarterly earnings results on Thursday. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03, RTT News reports. The firm had revenue of $619.36 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $0.06 EPS.

TAL Education Group Price Performance

TAL traded up $0.48 during trading on Friday, hitting $10.98. The stock had a trading volume of 7,824,906 shares, compared to its average volume of 7,079,275. The firm has a market cap of $6.64 billion, a price-to-earnings ratio of 137.27 and a beta of 0.04. The company has a 50 day moving average price of $9.36 and a 200-day moving average price of $10.52. TAL Education Group has a one year low of $7.34 and a one year high of $15.52.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Citigroup reduced their target price on TAL Education Group from $21.30 to $13.40 and set a “buy” rating for the company in a research note on Monday, August 5th. StockNews.com downgraded TAL Education Group from a “hold” rating to a “sell” rating in a research note on Monday, October 14th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $13.73.

TAL Education Group Company Profile

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.