New Oriental Education & Technology Group Inc. to Issue — Dividend of $0.58 (NYSE:EDU)

New Oriental Education & Technology Group Inc. (NYSE:EDU) announced a — dividend on Monday, August 19th, Wall Street Journal reports. Investors of record on Monday, September 9th will be given a dividend of 0.58 per share on Monday, September 23rd. The ex-dividend date of this dividend is Monday, September 9th.

New Oriental Education & Technology Group Price Performance

NYSE:EDU opened at $60.79 on Friday. The firm has a 50-day moving average of $70.23 and a two-hundred day moving average of $79.45. The stock has a market cap of $10.32 billion, a P/E ratio of 32.68 and a beta of 0.46. New Oriental Education & Technology Group has a 1-year low of $53.30 and a 1-year high of $98.20.

New Oriental Education & Technology Group (NYSE:EDU) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.19). New Oriental Education & Technology Group had a net margin of 7.18% and a return on equity of 7.50%. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. As a group, equities analysts expect that New Oriental Education & Technology Group will post 2.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on EDU shares. HSBC initiated coverage on shares of New Oriental Education & Technology Group in a report on Wednesday, May 29th. They issued a “buy” rating and a $110.00 price target on the stock. Citigroup cut their target price on shares of New Oriental Education & Technology Group from $127.00 to $106.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.67.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People’s Republic of China. The company operates through four segments: Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Educational Materials and Distribution.