-$0.26 Earnings Per Share Expected for RISE Education Cayman Ltd (NASDAQ:REDU) This Quarter

Analysts expect RISE Education Cayman Ltd (NASDAQ:REDU) to announce earnings of ($0.26) per share for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for RISE Education Cayman’s earnings. RISE Education Cayman posted earnings of $0.14 per share in the same quarter last year, which would suggest a negative year over year growth rate of 285.7%. The firm is expected to report its next earnings report on Thursday, August 20th.

On average, analysts expect that RISE Education Cayman will report full-year earnings of ($0.53) per share for the current financial year. For the next financial year, analysts expect that the firm will post earnings of $0.27 per share. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow RISE Education Cayman.

RISE Education Cayman (NASDAQ:REDU) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.25) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.50) by $0.25. The business had revenue of $15.39 million for the quarter. RISE Education Cayman had a return on equity of 7.59% and a net margin of 0.69%.

Several brokerages have recently issued reports on REDU. BidaskClub cut RISE Education Cayman from a “sell” rating to a “strong sell” rating in a report on Friday, March 13th. ValuEngine raised RISE Education Cayman from a “hold” rating to a “buy” rating in a report on Friday, March 20th. Zacks Investment Research raised RISE Education Cayman from a “hold” rating to a “buy” rating and set a $3.50 price objective for the company in a report on Tuesday, May 19th. Finally, Credit Suisse Group raised RISE Education Cayman from a “neutral” rating to an “outperform” rating in a report on Monday, May 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $5.00.

RISE Education Cayman stock traded up $0.24 during trading hours on Tuesday, hitting $3.25. 21,200 shares of the stock traded hands, compared to its average volume of 40,098. The stock has a market capitalization of $169.70 million, a price-to-earnings ratio of 153.50 and a beta of 0.99. The firm’s 50 day moving average price is $3.78 and its 200-day moving average price is $5.51. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.81 and a quick ratio of 0.80. RISE Education Cayman has a 1 year low of $3.00 and a 1 year high of $9.85.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in REDU. California Public Employees Retirement System purchased a new stake in RISE Education Cayman during the 4th quarter worth approximately $153,000. Janney Montgomery Scott LLC purchased a new stake in shares of RISE Education Cayman in the fourth quarter valued at approximately $430,000. State Street Corp grew its position in RISE Education Cayman by 11.8% in the fourth quarter. State Street Corp now owns 64,713 shares of the company’s stock worth $452,000 after acquiring an additional 6,813 shares during the period. Renaissance Technologies LLC grew its position in RISE Education Cayman by 10.5% in the fourth quarter. Renaissance Technologies LLC now owns 143,106 shares of the company’s stock worth $1,000,000 after acquiring an additional 13,600 shares during the period. Finally, BlackRock Inc. grew its position in RISE Education Cayman by 0.7% in the first quarter. BlackRock Inc. now owns 472,397 shares of the company’s stock worth $1,923,000 after acquiring an additional 3,279 shares during the period. 10.33% of the stock is owned by institutional investors.

RISE Education Cayman Company Profile

RISE Education Cayman Ltd, through its subsidiaries, provides junior English language training services under the RISE brand name in the People's Republic of China. The company offers a range of educational programs, services, and products, including educational courses, sale of course materials, franchise services, and study tours.

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