Zacks: Analysts Anticipate Bright Scholar Education Holdngs Ltd-ADR (NYSE:BEDU) Will Announce Earnings of $0.14 Per Share

Equities research analysts predict that Bright Scholar Education Holdngs Ltd-ADR (NYSE:BEDU) will announce earnings of $0.14 per share for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for Bright Scholar Education Holdngs’ earnings. Bright Scholar Education Holdngs posted earnings of $0.19 per share during the same quarter last year, which indicates a negative year over year growth rate of 26.3%. The business is scheduled to announce its next quarterly earnings results on Thursday, July 16th.

According to Zacks, analysts expect that Bright Scholar Education Holdngs will report full-year earnings of $0.40 per share for the current fiscal year. For the next year, analysts forecast that the company will report earnings of $0.55 per share. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Bright Scholar Education Holdngs.

Bright Scholar Education Holdngs (NYSE:BEDU) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.07 earnings per share (EPS) for the quarter. The firm had revenue of $125.46 million during the quarter. Bright Scholar Education Holdngs had a return on equity of 11.38% and a net margin of 9.64%.

BEDU has been the subject of several research reports. Zacks Investment Research downgraded Bright Scholar Education Holdngs from a “buy” rating to a “hold” rating in a research report on Monday, June 22nd. TheStreet raised Bright Scholar Education Holdngs from a “d” rating to a “c” rating in a research report on Monday, May 18th. Four research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average price target of $8.85.

NYSE BEDU traded down $0.01 during trading on Friday, hitting $7.76. The stock had a trading volume of 38,724 shares, compared to its average volume of 44,358. The company has a market capitalization of $962.88 million, a PE ratio of 18.07 and a beta of 1.02. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The firm has a 50 day moving average price of $7.45 and a 200 day moving average price of $7.87. Bright Scholar Education Holdngs has a twelve month low of $5.51 and a twelve month high of $10.41.

A number of hedge funds have recently bought and sold shares of the stock. Banque Cantonale Vaudoise acquired a new position in Bright Scholar Education Holdngs during the fourth quarter worth approximately $172,000. Highland Capital Management LLC increased its position in Bright Scholar Education Holdngs by 8.1% during the first quarter. Highland Capital Management LLC now owns 39,350 shares of the company’s stock worth $265,000 after buying an additional 2,950 shares during the period. Bank of America Corp DE increased its position in Bright Scholar Education Holdngs by 61.3% during the fourth quarter. Bank of America Corp DE now owns 43,922 shares of the company’s stock worth $388,000 after buying an additional 16,690 shares during the period. State Street Corp increased its position in Bright Scholar Education Holdngs by 16.8% during the first quarter. State Street Corp now owns 114,811 shares of the company’s stock worth $773,000 after buying an additional 16,477 shares during the period. Finally, Renaissance Technologies LLC increased its position in Bright Scholar Education Holdngs by 22.0% during the fourth quarter. Renaissance Technologies LLC now owns 268,000 shares of the company’s stock worth $2,366,000 after buying an additional 48,400 shares during the period. Hedge funds and other institutional investors own 10.41% of the company’s stock.

About Bright Scholar Education Holdngs

Bright Scholar Education Holdings Limited operates K-12 schools in China. Its schools comprise international schools, bilingual schools, and kindergartens. The company also offers a range of complementary education services, including international camps and after-school programs, as well as international education consulting services.

See Also: Preferred Stock

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