New Oriental Education & Technology Group Inc.NYSE
New Oriental Education Restructuring Theme
Yesterday, 7:44 AM
- New Oriental Education and Technology Group (NYSE:EDU) responds to recent media reports referencing overseas study consulting division New Oriental Vision Overseas Consultancy.
- The company says it believes the reports could mislead readers about NOVO's legitimate business activities and harm the reputation of New Oriental and NOVO.
- New Oriental notes that the NOVO division accounted for 8% and 6% of the revenue for the full fiscal year and FQ1, respectively. The business accounted for an even smaller percentages of profit.
- New Oriental says it will execute on procedures designed to deter and penalize inappropriate employee conduct in an effort to promote highest standards of corporate governance and business conduct throughout the entire organization.
- EDU +4.738% premarket to $43.99.
- Source: Press Release
- Previously: New Oriental sinks after Reuters reports on application fraud (Dec. 2)
Fri, Dec. 2, 2:34 PM
- New Oriental Education & Technology Group (NYSE:EDU) plunges 14% after Reuters reports that eight former and current employees are accusing the company of college application fraud.
- Writing and "polishing up" application essays on the behalf of students is just part of the story, according to the sources. They maintain that in some cases Chinese students don't even see their applications to top U.S. schools such as Stanford and University of Chicago at any point in the process.
Sat, Nov. 19, 11:07 AM
- Donald Trump hasn't announced his choice to lead the Department of Education yet, but for-profit education stocks have been in a celebratory mood ever since the U.S. election.
- The new administration is expected to have a lighter touch with regulations and restrictions on the for-profit sector, an industry the President-elect himself is familiar with after settling a lawsuit filed against Trump University for $25M. There's been some speculation that the DOE will see a major transition over the next four years.
- Education stocks rising more than 20% since the election include Strayer Education (NASDAQ:STRA), Universal Technical Institute (NYSE:UTI), Capella Education (NASDAQ:CPLA), Bridgepoint Education (NYSE:BPI), Career Education Corp. (NASDAQ:CECO), Grand Canyon Education (NASDAQ:LOPE), DeVry Education (NYSE:DV) and Chegg (NYSE:CHGG). Many of those names are now at or near their 52-week highs which brings up the question of how far the rally can extend?
- Related stocks: APEI, APOL, NORD, EDU, GPX, LRN.
Tue, Oct. 25, 1:47 PM
- New Oriental Education & Technology (EDU +9.3%) trades higher after reporting improved results for FQ1.
- Student enrollment was up 31% Y/Y to 1.326M.
- The company operated 771 learning centers at the end of the quarter, compared to 721 a year ago.
- Operating margin was up 30 bps to 28.6%. Non-GAAP operating margin came in lower at 28.7% vs. 29.1% last year.
- Previously: New Oriental Education & Technology misses by $0.02, beats on revenue (Oct. 25)
Tue, Oct. 25, 5:24 AM
Mon, Oct. 24, 5:30 PM
- ABG, AGR, AKS, ASTE, ATI, AXE, BAX, BHI, BPOP, CAT, CIT, CNC, CPLA, CTG, CVLT, CYNO, DD, EAT, EDU, ETR, FBC, FBP, FCAU, FCX, FELE, GBX, GLW, GM, GPK, HUBB, IIVI, JBLU, JNS, KEY, KKR, LLY, LMT, LPT, MAS, MDSO, MINI, MMC, MMM, MRK, NCI, NLSN, NVS, PCAR, PG, PII, PNR, R, RTIX, S, SAVE, SCHN, SERV, SHW, SIR, ST, STAY, TNC, UA, USG, UTX, VLO, WAB, WAT, WDR, WHR, WSO
Tue, Aug. 2, 1:17 PM
- July monthly performance was: +4.77%
- 52-week performance vs. the S&P 500 is: -8%
- No dividends were paid in July
- Top 10 Holdings as of 6/30/2016: Tencent Holdings Ltd. (OTCPK:TCTZF): 8.99243%, Ping An Insurance (Group) Co. of China Ltd H (OTCPK:PIAIF): 8.32846%, Alibaba Group Holding Ltd ADR (BABA): 8.29751%, Baidu Inc ADR (BIDU): 8.09289%, JD.com Inc ADR (JD): 7.18603%, Ctrip.com International Ltd ADR (CTRP): 5.75736%, NetEase Inc ADR (NTES): 3.16258%, China Minsheng Banking Corp Ltd H (OTCPK:CGMBF): 2.61595%, Hengan International Group Co Ltd (OTCPK:HEGIF): 2.59126%, New Oriental Education & Technology Group Inc ADR (EDU): 2.16007%
Thu, Jul. 28, 6:59 AM
- New Oriental Education and Technology Group (NYSE:EDU) announced that Beijing New Oriental Xuncheng Network Technology has submitted an application for the listing and open transfer of the shares of Xun Cheng on the National Equities Exchange and Quotations in China.
- Beijing New Oriental Xucheng Network Technology operates Koolearn.com.
- Source: Press Release
Wed, Jul. 20, 8:36 AM
- New Oriental Education & Technology (NYSE:EDU) reports Educational programs and services revenue rose 20.4% to $322.2M in FQ4, driven by increases in student enrollments in K-12 after-school tutoring courses.
- Books and others revenue grew 18.7% to $72.65M.
- K-12 after-school tutoring business gross revenue up 32% and enrollment growth over 39% Y/Y for the fiscal year.
- Total student enrollments increased 32.5% Y/Y to 1,037,700.
- The total number of schools and learning centers +24 Y/Y to 748.
- Adjusted operating margin rate improved 190 bps to 10.3% for the quarter.
- FQ1 Guidance: Total net revenues: $508.91M to $527.3M (+11% to +15% Y/Y).
Wed, Jul. 20, 5:44 AM
Tue, Jul. 19, 5:30 PM
Fri, Jul. 1, 8:25 AM
- June monthly performance was: -1.59%
- 52-week performance vs. the S&P 500 is: -20%
- $0.21 in dividends were paid in June
- Top 10 Holdings as of 5/31/2016: Tencent Holdings Ltd. (OTCPK:TCTZF): 8.58481%, Baidu Inc ADR (BIDU): 8.46586%, Ping An Insurance (Group) Co. of China Ltd H (OTCPK:PIAIF): 8.40212%, Alibaba Group Holding Ltd ADR (BABA): 8.39867%, JD.com Inc ADR (JD): 8.17121%, Ctrip.com International Ltd ADR (CTRP): 6.09856%, NetEase Inc ADR (NTES): 2.85051%, Hengan International Group Co Ltd (OTCPK:HEGIF): 2.72358%, China Minsheng Banking Corp Ltd H (OTCPK:CGMBF): 2.32601%, New Oriental Education & Technology Group Inc ADR (EDU): 2.11677%
Mon, Jun. 13, 3:53 PM
- The Department of Education published a set of proposed rules that define when students can take legal action against for-profit colleges and petition to have their federal loans forgiven.
- Some consumer advocacy groups don't think the measures go for enough, while pro-industry associations are railing against the extra regulation.
- On watch: CECO, DV, STRA, ESI, LOPE, APEI, LINC, BPI, LRN, EDU, NAUH.
- Proposed DOE rules (.pdf)
Wed, Apr. 20, 7:30 AM
- Brean Capital raises its price target on New Oriental Education (NYSE:EDU) to $49 from $41 after digesting the education company's FQ3 report.
- Strong brand awareness and upside from pricing power are seen giving New Oriental room to increase profits.
- Brean has shares of New Oriental rated at Buy.
- New Oriental spiked 9.02% yesterday and set a 52-week high before settling at $39.93.
- Now read the New Oriental Education earnings call transcript
Tue, Apr. 19, 6:24 AM
- New Oriental Education & Technology (NYSE:EDU) reports Educational programs and services revenue rose 19.5% to $313.3M in FQ3, driven by 31% increase in student enrollments in K-12 after-school tutoring courses.
- Books and others revenue grew 31% to $33.66M.
- K-12 after-school tutoring business gross revenue up 35% Y/Y.
- Total student enrollments increased 25.2% Y/Y to 755,100.
- The total number of schools and learning centers +5 Y/Y to 727.
- Adjusted operating margin rate advanced 100 bps to 13.5%.
- FQ4 Guidance: Total net revenues: $378.1M to $391.3M (+15% to +19% Y/Y).
Tue, Apr. 19, 5:49 AM
- New Oriental Education & Technology (NYSE:EDU): FQ3 EPS of $0.34 beats by $0.06.
- Revenue of $346.91M (+20.6% Y/Y) beats by $10.95M.