It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for New Oriental Education & Technology Group Inc. (EDU) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $44.33. The New Oriental Education & Technology Group Inc. has recorded 40,643 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted New Oriental Announces Results for the Third Fiscal Quarter Ended February 28, 2023.
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New Oriental Education & Technology Group Inc. is listed on the NYSE in the Consumer Defensive sector while operating in the Education & Training Services industry. At the end of the last regular session, the stock closed at $44.33 and fluctuated between $46.19 as its day high and $44.32 as its day low. The current market capitalization of New Oriental Education & Technology Group Inc. is $7.35B. A total of 0.98 million shares were traded on the day, compared to an average of 2.04M shares.
The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. EDU’s most recent ex-dividend date was 9/1/2017 when it declared a $4.50 quarterly dividend that was paid in cash on 10/6/2017. Previously, the company paid the dividend on 10/7/2015 with an ex-dividend date of 9/2/2015. The EDU stock dividend was $4.00 per share in cash.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for EDU in the last 3 months, the mean price target is $53.23 with high estimates of $70.00 and low estimates of $38.00. In terms of 52-week highs and lows, EDU has a high of $46.74 and a low of $9.29.
As of this writing, EDU has an earnings estimate of $0.2 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.34 per share and a lower estimate of $0.07. The company reported an EPS of $0.01 in the last quarter, which was -91.70% lower than expectations of $0.12.
Balance Sheet Annually/Quarterly
As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. EDU’s latest balance sheet shows that the firm has $4.19B in Cash & Short Term Investments as of fiscal 2022. There were $680.41M in debt and $1.71B in liabilities at the time. Its Book Value Per Share was $22.81, while its Total Shareholder’s Equity was $3.79B.
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 15 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for EDU is Underweight with a score of 5.00. A total of 11 analysts rated the stock as Buy while 2 rated it as Overweight while 1 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 0 thought it should be Sold.