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TAL Education Group (NYSE: TAL) Disappoints Wall Street With -2.16% Stock Price Drop

In the last trading session, 5.34 million TAL Education Group (NYSE:TAL) shares changed hands as the company’s beta touched 0.02. With the company’s per share price at $7.24 changed hands at -$0.16 or -2.16% during last session, the market valuation stood at $4.72B. TAL’s last price was a discount, traded about -44.34% off its 52-week high of $10.45. The share price had its 52-week low at $2.81, which suggests the last value was 61.19% up since then. When we look at TAL Education Group’s average trading volume, we note the 10-day average is 5.18 million shares, with the 3-month average coming to 6.49 million.

Analysts gave the TAL Education Group (TAL) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.40. If we narrow down to specifics, the data shows that 0 out of 15 analysts rate the stock as a Sell, with a further 2 assigning it an Overweight rating. Of the remaining, 5 recommended TAL as a Hold, 7 felt it is a Buy and 1 rated the stock as Underweight. TAL Education Group’s EPS for the current quarter is expected to be $0.06.

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TAL Education Group (NYSE:TAL) trade information

Instantly TAL was in red as seen at the end of in last trading. With action 0.70%, the performance over the past five days has been green. The drop to weekly highs of 7.70 on Friday, 09/15/23 subtracted -2.16% to the stock’s daily price. The company’s shares are showing year-to-date upside of 2.70%, with the 5-day performance at 0.70% in the green. However, in the 30-day time frame, TAL Education Group (NYSE:TAL) is 9.04% up. Looking at the short shares, we see there were 26.55 million shares sold at short interest cover period of 4 days.

The consensus price target for the stock as assigned by Wall Street analysts is $7.77, meaning bulls need an upside of 6.82% from its current market value. According to analyst projections, TAL’s forecast low is $6.70 with $10.20 as the target high. To hit the forecast high, the stock’s price needs a -40.88% plunge from its current level, while the stock would need to tank 7.46% for it to hit the projected low.

TAL Education Group (TAL) estimates and forecasts

Data shows that the TAL Education Group share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 20.47% over the past 6 months, a 38.10% in annual growth rate that is considerably higher than the industry average of 10.10%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for TAL Education Group will rise 50.00%, while the growth in revenue is estimated to hit 50.00% for the next quarter. Year-over-year growth is forecast to reach 29.90% up from the last financial year.

Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of $391.12 million. 5 analysts are of the opinion that TAL Education Group’s revenue for the quarter ending Nov 2023 will be $316.64 million. The company’s revenue for the corresponding quarters a year ago was $242.62 million. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 61.20%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -21.30%. The 2023 estimates are for TAL Education Group earnings to increase by 87.90%.

TAL Dividends

TAL Education Group is expected to release its next quarterly earnings report between October 26 and October 30.

TAL Education Group (NYSE:TAL)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.00% of TAL Education Group shares while 60.36% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 60.36%. There are 60.36% institutions holding the TAL Education Group stock share, with Bank of America Corporation the top institutional holder. As of Jun 29, 2023, the company held 3.23% of the shares, roughly 20.46 million TAL shares worth $121.97 million.

Blackrock Inc. holds the second largest percentage of outstanding shares, with 3.23% or 20.48 million shares worth $122.05 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jun 29, 2023 were KraneShares CSI China Internet ETF and Vanguard International Stock Index-Emerging Markets Stk. With 14.5 million shares estimated at $86.44 million under it, the former controlled 2.29% of total outstanding shares. On the other hand, Vanguard International Stock Index-Emerging Markets Stk held about 0.97% of the shares, roughly 6.16 million shares worth around $36.08 million.

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