TAL Education Group (NYSE:TAL – Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03, RTT News reports. TAL Education Group had a net margin of 3.24% and a return on equity of 1.46%. The business had revenue of $619.36 million during the quarter, compared to analyst estimates of $609.51 million. During the same period last year, the business earned $0.06 EPS.
TAL Education Group Stock Performance
Shares of TAL stock traded up $0.48 during trading hours on Friday, hitting $10.98. 7,824,906 shares of the company were exchanged, compared to its average volume of 7,079,275. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of 137.27 and a beta of 0.04. TAL Education Group has a one year low of $7.34 and a one year high of $15.52. The business’s 50-day simple moving average is $9.36 and its two-hundred day simple moving average is $10.52.
Analysts Set New Price Targets
Several brokerages have recently weighed in on TAL. Citigroup lowered 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 report on Monday, October 14th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to data from MarketBeat.com, TAL Education Group 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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