Brokerages Expect RISE Education Cayman Ltd (REDU) to Announce $0.11 EPS

Shares of RISE Education Cayman Ltd (NASDAQ:REDU) have received a consensus broker rating score of 3.00 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation. RISE Education Cayman’s rating score has declined by 50% from 90 days ago as a result of various analysts’ upgrades and downgrades.

Brokerages have set a 1 year consensus price target of $12.00 for the company and are anticipating that the company will post $0.11 earnings per share for the current quarter, according to Zacks. Zacks has also assigned RISE Education Cayman an industry rank of 54 out of 256 based on the ratings given to its competitors.

A number of equities analysts recently commented on the company. Morgan Stanley lowered RISE Education Cayman from an “overweight” rating to an “equal weight” rating and set a $9.78 price objective on the stock. in a research note on Monday, March 25th. Zacks Investment Research raised RISE Education Cayman from a “sell” rating to a “hold” rating in a research note on Friday, January 25th.

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its stake in RISE Education Cayman by 9.0% in the fourth quarter. BlackRock Inc. now owns 68,128 shares of the company’s stock valued at $542,000 after buying an additional 5,619 shares during the period. Truvestments Capital LLC acquired a new position in RISE Education Cayman in the first quarter valued at approximately $86,000. Renaissance Technologies LLC acquired a new position in RISE Education Cayman in the first quarter valued at approximately $445,000. Morgan Stanley lifted its stake in RISE Education Cayman by 0.9% in the first quarter. Morgan Stanley now owns 2,521,724 shares of the company’s stock valued at $24,537,000 after buying an additional 22,719 shares during the period. Finally, Northern Trust Corp lifted its stake in RISE Education Cayman by 11.7% in the fourth quarter. Northern Trust Corp now owns 12,337 shares of the company’s stock valued at $98,000 after buying an additional 1,295 shares during the period. 14.61% of the stock is currently owned by hedge funds and other institutional investors.

RISE Education Cayman stock opened at $8.98 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $508.75 million, a P/E ratio of 22.45 and a beta of 0.75. RISE Education Cayman has a one year low of $6.70 and a one year high of $16.77.

RISE Education Cayman (NASDAQ:REDU) last posted its quarterly earnings data on Thursday, May 16th. The company reported $0.10 EPS for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.02. The company had revenue of $49.92 million for the quarter. RISE Education Cayman had a return on equity of 35.60% and a net margin of 10.77%. Equities analysts predict that RISE Education Cayman will post 0.47 earnings per share for the current fiscal year.

About RISE Education Cayman

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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