TAL Education Group (NYSE:TAL – Get Free Report)’s share price gapped up prior to trading on Thursday following a better than expected earnings announcement. The stock had previously closed at $10.89, but opened at $12.47. TAL Education Group shares last traded at $11.6460, with a volume of 3,016,242 shares traded.
The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.57. TAL Education Group had a return on equity of 14.87% and a net margin of 17.64%.
Analyst Upgrades and Downgrades
TAL has been the topic of a number of research reports. Wall Street Zen downgraded shares of TAL Education Group from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Weiss Ratings upgraded TAL Education Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Finally, Zacks Research downgraded TAL Education Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, TAL Education Group currently has a consensus rating of “Hold” and an average price target of $16.00.
Hedge Funds Weigh In On TAL Education Group
Institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP bought a new stake in shares of TAL Education Group in the 3rd quarter worth about $42,000. DV Equities LLC bought a new position in shares of TAL Education Group in the 4th quarter valued at about $49,000. Cassaday & Co Wealth Management LLC purchased a new position in TAL Education Group in the first quarter worth about $50,000. Daiwa Securities Group Inc. raised its position in TAL Education Group by 194.9% during the fourth quarter. Daiwa Securities Group Inc. now owns 5,750 shares of the company’s stock valued at $63,000 after purchasing an additional 3,800 shares during the period. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in TAL Education Group during the first quarter valued at approximately $109,000. 37.79% of the stock is owned by hedge funds and other institutional investors.
TAL Education Group Trading Up 6.6%
The firm has a market capitalization of $6.43 billion, a P/E ratio of 12.49, a price-to-earnings-growth ratio of 0.89 and a beta of 0.08. The firm has a 50 day moving average price of $9.83 and a 200-day moving average price of $10.75.
About TAL Education Group
TAL Education Group is a leading provider of after-school tutoring services in China, specializing in K-12 academic instruction. The company offers a range of programs designed to help primary and secondary school students strengthen their core competencies in subjects such as mathematics, English, Chinese language and science. TAL leverages both in-person learning centers and digital platforms to deliver its curriculum, aiming to support student progress through interactive lessons and personalized study plans.
Founded in 2003 and headquartered in Beijing, TAL Education Group has grown into one of China’s largest private education firms.
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