Type
|
Public |
---|---|
Founded | 1993 |
Headquarters | No.6 Haidian Zhongjie, Haidian District, Beijing (100080) |
Key people
|
Yu Minhong (CEO) (俞敏洪; also known as "Michael Yu") |
Number of employees
|
over 17,700 (2016) |
Website | www.neworiental.org |
New Oriental Education & Technology Group Inc. (Simplified Chinese 新东方教育科技集团, NYSE: EDU), more commonly New Oriental (Simplified Chinese 新东方), is a provider of private educational services in China. The headquarters of New Oriental is located in the Haidian district of Beijing. It is currently the largest comprehensive private educational company in China based on the number of program offerings, total student enrollments, and geographic presence. The business of New Oriental includes pre-school education, general courses for students of various age levels, online education, overseas study consulting, and textbook publishing. New Oriental was the first Chinese educational institution to enter the New York Stock Exchange in the United States, holding its IPO in 2006. As of 2016, New Oriental has built 67 short-time language educational schools, 20 book stores, 771 learning centers, and more than 5,000 third-party bookstores in 56 cities in China. New Oriental has had over 26.6 million student enrollments, including over 1.3 million enrollments in first quarter 2017. The company's market capitalization was approximately USD 6.2 billion.
In recent years, New Oriental's revenue is mostly driven by K-12 tutoring services for elementary school and middle-to high-school students. In addition, the company has been investing heavily in online education since 2015.
Beijing New Oriental School was established on November 16, 1993, by Yu Minhong, an English teacher at Peking University. He initially focused on the TOEFL and GRE exams but then expanded the company to provide services for various other exams and fields as well. The school is now one of the largest companies in China, and on September 7, 2006, New Oriental was listed on New York Stock Exchange.
As of 2016 there are 67 schools, learning centers, vocational training centers and offices all over Mainland China. The North America Department and United Kingdom Department are the company's main source of revenue, which focuses on preparing students for the TOEFL, SAT, ACT GRE, GMAT, IELTS and LSAT. The company also offers other services including preparing students for the National English Graduate Exam, Teenage English Courses, Pop English (Kindergarten and Primary School English), consultation on preparing for interviews, consultation on preparing admission letters, and training centers for culinary art.
Yu Minhong (b. October 15, 1962; also known as "Michael Yu") was appointed CEO and Chairman of the company, starting in 1993. He started his career at Peking University in 1985. He founded New Oriental in 1993 after he left Peking University. He is vice chairman of Beijing Young Entrepreneurs Association.
Louis Hsieh served as New Oriental's Chief Financial Officer from 2005 to 2015, and President from 2009 to 2016.
In 2001, the US Educational Testing Service sent a public letter to US universities, reminding them to pay special attention to Chinese students' GRE scores. In this letter, ETS hinted that New Oriental used their past exam questions in teaching without authorization.
In January, 2001, New Oriental was sued by the ETS for illegally copying, publishing, and selling its testing questions for examinations for non-English-speaking students since 1997. On September 27, 2003, the First Intermediate People's Court of Beijing made a ruling during the first trial, ordering the Chinese school to pay over 10 million yuan (about 1.2 million US dollars) to the ETS in compensation for the infringement.
The Higher People's Court of Beijing maintained that the Beijing-based New Oriental School (NOS) should pay compensation to the ETS, for the infringement of copy and trademark rights. However, the higher court reduced the sum of compensation by over 6 million yuan (about 722,000 US dollars) to 3,740,186.2 yuan (about 450,624 US dollars) plus 22,000 yuan (about 2,650 US dollars) for court charges.
Period | Date | Adjusted Actuals EPS | GAAP EPS |
---|---|---|---|
Q2 2022 | 2023-02-01 | Future report Set alerts | |
Q1 2022 | 2022-09-12 | 0.00 | 0.00 |
Q4 2021 | 2022-07-27 | -0.94 | -0.94 |
Q3 2021 | 2022-04-26 | 0.00 | 0.00 |
Q2 2021 | 2022-02-17 | 0.00 | 0.00 |
Q1 2021 | 2021-11-18 | 0.00 | 0.00 |
Q4 2020 | 2021-09-24 | 0.04 | 0.04 |
Q3 2020 | 2021-04-20 | 0.10 | 0.10 |
Q1 2020 | 2020-10-13 | 1.15 | 1.09 |
Q4 2019 | 2020-07-28 | 0.30 | 0.08 |
2016-07-08 | Reiterated Rating | Jefferies Group | Buy | $50.00 |
2016-04-20 | Reiterated Rating | Brean Capital | Buy | $41.00 to $49.00 |
2016-04-14 | Initiated Coverage | Morgan Stanley | Overweight | $43.00 |
2016-03-18 | Downgrade | JPMorgan Chase & Co. | Overweight to Neutral | $38.00 to $36.00 |
2016-02-24 | Upgrade | Deutsche Bank | Hold to Buy | |
2016-02-24 | Upgrade | Deutsche Bank AG | Hold to Buy | |
2016-02-04 | Upgrade | Mizuho | Neutral to Buy | $38.00 |
2016-01-21 | Boost Price Target | Macquarie | Outperform | $32.00 to $33.00 |
2016-01-20 | Reiterated Rating | Brean Capital | Buy | $41.00 |
2016-01-15 | Boost Price Target | T.H. Capital | Buy | $29.00 to $34.00 |
2016-01-14 | Initiated Coverage | Credit Suisse | Outperform | $36.00 |
2016-01-14 | Initiated Coverage | Credit Suisse Group AG | Outperform | $36.00 |
2015-12-08 | Reiterated Rating | Brean Capital | Buy | $32.00 to $41.00 |
2015-11-20 | Boost Price Target | JPMorgan Chase & Co. | $31.00 to $37.00 | |
2015-10-30 | Upgrade | Macquarie | Neutral to Outperform | |
2015-10-21 | Upgrade | Jefferies Group | Hold to Buy | $25.00 to $32.00 |
2015-10-21 | Upgrade | Brean Capital | Hold to Buy | $32.00 |
2015-10-14 | Upgrade | Goldman Sachs | Sell to Neutral | $24.00 |
2015-10-14 | Upgrade | Goldman Sachs Group Inc. | Sell to Neutral | $24.00 |
2015-09-09 | Reiterated Rating | JPMorgan Chase & Co. | Overweight | $33.00 to $27.00 |
2015-07-22 | Initiated Coverage | Brean Capital | Hold | |
2015-07-16 | Reiterated Rating | Jefferies Group | Hold | $25.00 |
2015-07-14 | Reiterated Rating | Brean Capital | Hold | |
2015-04-26 | Reiterated Rating | Oppenheimer | Market Perform | |
2015-04-26 | Reiterated Rating | Oppenheimer Holdings Inc. | Market Perform | |
2015-04-14 | Boost Price Target | JPMorgan Chase & Co. | Overweight | $25.00 to $29.00 |
2015-04-13 | Initiated Coverage | Brean Capital | Hold | |
2015-02-27 | Initiated Coverage | BNP Paribas | Buy | |
2015-01-21 | Reiterated Rating | Oppenheimer | Market Perform | |
2015-01-16 | Lower Price Target | Jefferies Group | Hold | $24.00 to $21.50 |
2015-01-13 | Reiterated Rating | Oppenheimer | Market Perform | |
2014-10-15 | Downgrade | Goldman Sachs | Neutral to Sell | |
2014-08-27 | Initiated Coverage | Credit Suisse | Outperform | $30.00 |
2014-07-24 | Downgrade | Macquarie | Outperform to Neutral | $36.50 to $22.00 |
2014-07-23 | Downgrade | Oppenheimer | Outperform to Market Perform | $32.00 |
2014-07-23 | Reiterated Rating | JPMorgan Chase & Co. | Overweight | $40.00 to $34.00 |
2014-07-23 | Downgrade | Jefferies Group | Buy to Hold | $35.00 to $24.00 |
2014-07-22 | Lower Price Target | Goldman Sachs | $24.00 | |
2014-07-08 | Reiterated Rating | JPMorgan Chase & Co. | Overweight | $35.00 to $40.00 |
2014-05-09 | Initiated Coverage | JPMorgan Chase & Co. | Overweight | |
2014-05-05 | Downgrade | Deutsche Bank | Buy to Hold | $37.00 to $27.00 |
2014-04-29 | Lower Price Target | Oppenheimer | Outperform | $37.00 to $32.00 |
2014-04-29 | Reiterated Rating | Jefferies Group | Buy | $40.00 to $35.00 |
2014-02-07 | Initiated Coverage | Citigroup Inc. | Buy | |
2014-01-21 | Initiated Coverage | BNP Paribas | Buy | |
2014-01-08 | Boost Price Target | Jefferies Group | $36.00 | |
2013-10-24 | Boost Price Target | Jefferies Group | Buy | $25.30 to $31.00 |
2013-10-23 | Boost Price Target | Deutsche Bank | $27.00 to $31.00 | |
2013-09-16 | Reiterated Rating | Wells Fargo & Co. | Outperform | $34.00 |
2013-07-11 | Reiterated | Oppenheimer | Outperform | $21 to $26 |
2012-10-15 | Upgrade | Oppenheimer | Perform to Outperform | $25 |
2012-07-18 | Downgrade | Oppenheimer | Outperform to Perform | $35 |
2012-07-17 | Downgrade | Robert W. Baird | Outperform to Neutral | $32 to $19 |
2011-10-19 | Upgrade | Wunderlich | Hold to Buy | $32 to $42 |
2010-04-21 | Reiterated | Oppenheimer | Outperform | $92 to $102 |
2010-04-13 | Reiterated | Oppenheimer | Outperform | $82 to $92 |
2010-03-19 | Reiterated | Brean Murray | Buy | $88 to $95 |
2010-03-12 | Initiated | Deutsche Bank | Buy | $90 |
2010-02-24 | Downgrade | Citigroup | Buy to Hold | $75 to $80 |
2010-02-05 | Upgrade | Brean Murray | Hold to Buy | $80 |
2010-01-20 | Downgrade | Credit Suisse | Outperform to Neutral | $79.30 to $76.80 |
2009-02-13 | Reiterated | Credit Suisse | Outperform | $81.30 to $72.20 |
2009-02-13 | Downgrade | William Blair | Outperform to Mkt Perform | |
2008-11-18 | Initiated | Robert W. Baird | Neutral | $64 |
2008-05-08 | Reiterated | Susquehanna Financial | Positive | $77 to $85 |
2016-07-08 | Reiterated Rating | Jefferies Group | Buy | $50.00 |
2016-04-20 | Reiterated Rating | Brean Capital | Buy | $41.00 to $49.00 |
2016-04-14 | Initiated Coverage | Morgan Stanley | Overweight | $43.00 |
2016-03-18 | Downgrade | JPMorgan Chase & Co. | Overweight to Neutral | $38.00 to $36.00 |
2016-02-24 | Upgrade | Deutsche Bank | Hold to Buy |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In EDU 142 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
PICTET ASSET MANAGEMENT LTD | 11.20M |
PIONEER INVESTMENT MANAGEMENT INC | 9.01M |
BAUPOST GROUP LLC/MA | 7.69M |
MORGAN STANLEY | 5.43M |
Vanguard Group, Inc | 4.85M |
Genesis Asset Managers, LLP | 4.55M |
RENAISSANCE TECHNOLOGIES LLC | 4.12M |
ALKEON CAPITAL MANAGEMENT LLC | 3.94M |
GOLDMAN SACHS GROUP INC | 3.47M |
SHAH CAPITAL MANAGEMENT | 2.80M |
Carmignac Gestion | 2.62M |
BlackRock Fund Advisors | 2.11M |
BlackRock Group LTD | 1.69M |
BlackRock Institutional Trust Company, N.A. | 1.69M |
TWO SIGMA ADVISERS, LLC | 1.31M |