New Oriental Education & Technology Group Inc. provides private educational services under the New Oriental brand in the People's Republic of China. It operates through K-12 AST, Test Preparation and Other Courses; and Others segments. The company offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the People's Republic of China, and the Commonwealth countries; and after-school tutoring courses for middle and high school students to enhance their exam scores, as well as for children to teach English. It also provides language training courses, including English, as well as other foreign languages, such as German, Japanese, French, Korean, Italian, and Spanish; operates a full-time private primary and secondary school in Yangzhou seeking a full curriculum with a focus on English; develops and edits educational materials for language training and test preparation; and offers online education programs that include college, K-12, and pre-school education. In addition, the company offers overseas studies consulting and overseas study tour services. As of May 31, 2020, it offered educational programs, services, and products to students through a network of 104 schools, 1,361 learning centers, and 12 bookstores. The company was founded in 1993 and is headquartered in Beijing, the People's Republic of China.
IPO Year: 2006
Exchange: NYSE
Website: neworiental.org
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/29/2024 | $110.00 | Buy | HSBC Securities |
| 11/24/2023 | Buy | Goldman | |
| 11/7/2023 | $81.00 | Overweight | Morgan Stanley |
| 12/30/2022 | Buy | Citigroup | |
| 10/27/2022 | Outperform → Buy | CLSA | |
| 7/29/2022 | $18.80 → $36.60 | Neutral → Buy | BofA Securities |
| 7/28/2022 | Neutral → Outperform | Macquarie | |
| 6/23/2022 | Outperform → Neutral | Macquarie | |
| 6/13/2022 | $14.00 → $24.00 | Neutral → Overweight | JP Morgan |
| 6/6/2022 | Neutral → Buy | UBS |
BEIJING, Jan. 18, 2021 /PRNewswire/ -- New Oriental Education & Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU and 9901.SEHK), the largest provider of private educational services in China, today announced that the board of directors has appointed Mr. Zhihui Yang as the Executive President of the Company, effective on January 15, 2021. Mr. Yang will continue to serve as the Chief Financial Officer of the Company. Mr. Zhihui Yang has served as the Company's Chief Financial Officer since April 2015. Prior to this, Mr. Yang held multiple positions after he joined our company in April 2006, including vice president of finance, deputy director of president office and senio
6-K - New Oriental Education & Technology Group Inc. (0001372920) (Filer)
6-K - New Oriental Education & Technology Group Inc. (0001372920) (Filer)
6-K - New Oriental Education & Technology Group Inc. (0001372920) (Filer)
6-K - New Oriental Education & Technology Group Inc. (0001372920) (Filer)
20-F - New Oriental Education & Technology Group Inc. (0001372920) (Filer)
6-K - New Oriental Education & Technology Group Inc. (0001372920) (Filer)
6-K - New Oriental Education & Technology Group Inc. (0001372920) (Filer)
6-K - New Oriental Education & Technology Group Inc. (0001372920) (Filer)
6-K - New Oriental Education & Technology Group Inc. (0001372920) (Filer)
6-K - New Oriental Education & Technology Group Inc. (0001372920) (Filer)
BEIJING, Oct. 23, 2024 /PRNewswire/ -- New Oriental Education & Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU/ 9901.SEHK), a provider of private educational services in China, today announced its unaudited financial results for the first fiscal quarter ended August 31, 2024, which is the first quarter of New Oriental's fiscal year 2025. Financial Highlights for the First Fiscal Quarter Ended August 31, 2024 Total net revenues increased by 30.5% year over year to US$1,435.4 million for the first fiscal quarter of 2025. Total net revenues, excluding revenues generated from East Buy private label products and livestreaming business, increased by 33.5% year over year to US$
BEIJING, Oct. 17, 2024 /PRNewswire/ -- New Oriental Education & Technology Group Inc. ("New Oriental" or the "Company") (NYSE: EDU and SEHK: 9901), a provider of private educational services in China, today announced that it will hold its annual general meeting of shareholders at No. 6 Hai Dian Zhong Street, Haidian District, Beijing, People's Republic of China, on November 25, 2024 at 5:00 p.m. (local time). No proposal will be submitted for shareholder approval at the annual general meeting. Instead, the annual general meeting will serve as an open forum for shareholders of record and beneficial owners of the Company's American depositary shares ("ADSs") to discuss Company affairs with ma
BEIJING, Sept. 30, 2024 /PRNewswire/ -- New Oriental Education and Technology Group Inc. (the "Company" or "New Oriental") (NYSE:EDU), a provider of private educational services in China, today announced that it will report its financial results for the first quarter ended August 31, 2024, before the U.S. market opens on October 23, 2024. New Oriental's management will host an earnings conference call at 8 AM on October 23, 2024, U.S. Eastern Time (8 PM on October 23, 2024, Beijing/Hong Kong Time). Participants can join the conference using the below options: Dialling-in to the conference call: Please register in advance of the conference, using the link provided below. Upon registering, yo
BEIJING, Sept. 25, 2024 /PRNewswire/ -- New Oriental Education & Technology Group Inc. ("New Oriental" or the "Company") (NYSE:EDU), a provider of private educational services in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended May 31, 2024 with the Securities and Exchange Commission ("SEC") on September 25, 2024. The annual report can be accessed on New Oriental's investor relations website at http://investor.neworiental.org as well as the SEC's website at http://www.sec.gov. New Oriental will provide a hard copy of the annual report containing its audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon
BEIJING, Aug. 19, 2024 /PRNewswire/ -- New Oriental Education & Technology Group Inc. ("New Oriental" or the "Company") (NYSE:EDU), a provider of private educational services in China, today announced that its board of directors has approved a special cash dividend of US$0.06 per common share, or US$0.6 per ADS, to holders of common shares and ADSs of record as of the close of business on September 9, 2024, Beijing/Hong Kong Time and New York Time, respectively, payable in U.S. dollars. The aggregate amount of the cash dividend to be paid will be approximately US$100 million. For holders of common shares, in order to qualify for the dividend, all valid documents for the transfer of shares ac
BEIJING, Aug. 6, 2024 /PRNewswire/ -- New Oriental Education & Technology Group Inc. ("New Oriental" or the "Company") (NYSE:EDU), a provider of private educational services in China, today announced that its board of directors has approved the upsizing of its share repurchase program. As previously disclosed, the Company launched a share repurchase program (the "Share Repurchase Program") whereby the Company was authorized to repurchase up to US$400 million of the Company's ADSs and/or common shares during the period from July 28, 2022 through May 31, 2023. The Share Repurchase Program was extended by two years through May 31, 2025. As of the date of this press release, the Company had rep
BEIJING, July 31, 2024 /PRNewswire/ -- New Oriental Education & Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU/ 9901.SEHK), a provider of private educational services in China, today announced its unaudited financial results for the fourth fiscal quarter and fiscal year ended May 31, 2024. Financial Highlights for the Fourth Fiscal Quarter Ended May 31, 2024 Total net revenues increased by 32.1% year over year to US$1,136.7 million for the fourth fiscal quarter of 2024.Operating income decreased by 78.1% year over year to US$10.5 million for the fourth fiscal quarter of 2024.Net income attributable to New Oriental decreased by 6.9% year over year to US$27.0 million for t
BEIJING, July 2, 2024 /PRNewswire/ -- New Oriental Education and Technology Group Inc. (the "Company" or "New Oriental") (NYSE:EDU), a provider of private educational services in China, today announced that it will report its financial results for the fourth quarter ended May 31, 2024, before the U.S. market opens on July 31, 2024. New Oriental's management will host an earnings conference call at 8 AM on July 31, 2024, U.S. Eastern Time (8 PM on July 31, 2024, Beijing/Hong Kong Time). Participants can join the conference using the below options: Dialling-in to the conference call: Please register in advance of the conference, using the link provided below. Upon registering, you will be pro
BEIJING, May 24, 2024 /PRNewswire/ -- New Oriental Education & Technology Group Inc. ("New Oriental" or the "Company") (NYSE: EDU and SEHK: 9901), a provider of private educational services in China, today announced that its board of directors has authorized the Company to extend its share repurchase program launched in 2022 and amended in 2023 (the "Share Repurchase Program"), over the next twelve months through May 31, 2025. As of the date of this press release, the Company had repurchased approximately US$246.3 million worth of its ADSs under the Share Repurchase Program, and a balance of approximately US$153.7 million authorized under the Share Repurchase Program had not been utilized. P
BEIJING, April 24, 2024 /PRNewswire/ -- New Oriental Education & Technology Group Inc. (the "Company" or "New Oriental") (NYSE:EDU), a provider of private educational services in China, today announced its unaudited financial results for the third fiscal quarter ended February 29, 2024, which is the third quarter of New Oriental's fiscal year 2024. Financial Highlights for the Third Fiscal Quarter Ended February 29, 2024 Total net revenues increased by 60.1% year over year to US$1,207.3 million for the third fiscal quarter of 2024.Operating income increased by 70.6% year over year to US$113.4 million for the third fiscal quarter of 2024.Net income attributable to New Oriental increased by 6
BEIJING, Oct. 23, 2024 /PRNewswire/ -- New Oriental Education & Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU/ 9901.SEHK), a provider of private educational services in China, today announced its unaudited financial results for the first fiscal quarter ended August 31, 2024, which is the first quarter of New Oriental's fiscal year 2025. Financial Highlights for the First Fiscal Quarter Ended August 31, 2024 Total net revenues increased by 30.5% year over year to US$1,435.4 million for the first fiscal quarter of 2025. Total net revenues, excluding revenues generated from East Buy private label products and livestreaming business, increased by 33.5% year over year to US$
BEIJING, Sept. 30, 2024 /PRNewswire/ -- New Oriental Education and Technology Group Inc. (the "Company" or "New Oriental") (NYSE:EDU), a provider of private educational services in China, today announced that it will report its financial results for the first quarter ended August 31, 2024, before the U.S. market opens on October 23, 2024. New Oriental's management will host an earnings conference call at 8 AM on October 23, 2024, U.S. Eastern Time (8 PM on October 23, 2024, Beijing/Hong Kong Time). Participants can join the conference using the below options: Dialling-in to the conference call: Please register in advance of the conference, using the link provided below. Upon registering, yo
BEIJING, Aug. 19, 2024 /PRNewswire/ -- New Oriental Education & Technology Group Inc. ("New Oriental" or the "Company") (NYSE:EDU), a provider of private educational services in China, today announced that its board of directors has approved a special cash dividend of US$0.06 per common share, or US$0.6 per ADS, to holders of common shares and ADSs of record as of the close of business on September 9, 2024, Beijing/Hong Kong Time and New York Time, respectively, payable in U.S. dollars. The aggregate amount of the cash dividend to be paid will be approximately US$100 million. For holders of common shares, in order to qualify for the dividend, all valid documents for the transfer of shares ac
BEIJING, July 31, 2024 /PRNewswire/ -- New Oriental Education & Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU/ 9901.SEHK), a provider of private educational services in China, today announced its unaudited financial results for the fourth fiscal quarter and fiscal year ended May 31, 2024. Financial Highlights for the Fourth Fiscal Quarter Ended May 31, 2024 Total net revenues increased by 32.1% year over year to US$1,136.7 million for the fourth fiscal quarter of 2024.Operating income decreased by 78.1% year over year to US$10.5 million for the fourth fiscal quarter of 2024.Net income attributable to New Oriental decreased by 6.9% year over year to US$27.0 million for t
BEIJING, July 2, 2024 /PRNewswire/ -- New Oriental Education and Technology Group Inc. (the "Company" or "New Oriental") (NYSE:EDU), a provider of private educational services in China, today announced that it will report its financial results for the fourth quarter ended May 31, 2024, before the U.S. market opens on July 31, 2024. New Oriental's management will host an earnings conference call at 8 AM on July 31, 2024, U.S. Eastern Time (8 PM on July 31, 2024, Beijing/Hong Kong Time). Participants can join the conference using the below options: Dialling-in to the conference call: Please register in advance of the conference, using the link provided below. Upon registering, you will be pro
BEIJING, April 24, 2024 /PRNewswire/ -- New Oriental Education & Technology Group Inc. (the "Company" or "New Oriental") (NYSE:EDU), a provider of private educational services in China, today announced its unaudited financial results for the third fiscal quarter ended February 29, 2024, which is the third quarter of New Oriental's fiscal year 2024. Financial Highlights for the Third Fiscal Quarter Ended February 29, 2024 Total net revenues increased by 60.1% year over year to US$1,207.3 million for the third fiscal quarter of 2024.Operating income increased by 70.6% year over year to US$113.4 million for the third fiscal quarter of 2024.Net income attributable to New Oriental increased by 6
BEIJING, March 28, 2024 /PRNewswire/ -- New Oriental Education and Technology Group Inc. (the "Company" or "New Oriental") (NYSE:EDU), a provider of private educational services in China, today announced that it will report its financial results for the third quarter ended February 29, 2024, before the U.S. market opens on April 24, 2024. New Oriental's management will host an earnings conference call at 8 AM on April 24, 2024, U.S. Eastern Time (8 PM on April 24, 2024, Beijing/Hong Kong Time). Participants can join the conference using the below options: Dialling-in to the conference call: Please register in advance of the conference, using the link provided below. Upon registering, you wi
BEIJING, Jan. 24, 2024 /PRNewswire/ -- New Oriental Education & Technology Group Inc. (the "Company" or "New Oriental") (NYSE:EDU), a provider of private educational services in China, today announced its unaudited financial results for the second fiscal quarter ended November 30, 2023, which is the second quarter of New Oriental's fiscal year 2024. Financial Highlights for the Second Fiscal Quarter Ended November 30, 2023 Total net revenues increased by 36.3% year over year to US$869.6 million for the second fiscal quarter of 2024.Operating income was US$21.3 million for the second fiscal quarter of 2024, compared to a loss of US$2.5 million in the same period of the prior fiscal year.Net
BEIJING, Dec. 28, 2023 /PRNewswire/ -- New Oriental Education and Technology Group Inc. (the "Company" or "New Oriental") (NYSE:EDU), a provider of private educational services in China, today announced that it will report its financial results for the second quarter ended November 30, 2023, before the U.S. market opens on January 24, 2024. New Oriental's management will host an earnings conference call at 8 AM on January 24, 2024, U.S. Eastern Time (9 PM on January 24, 2024, Beijing/Hong Kong Time). Participants can join the conference using the below options: Dialling-in to the conference call: Please register in advance of the conference, using the link provided below. Upon registering,
BEIJING, Sept. 27, 2023 /PRNewswire/ -- New Oriental Education and Technology Group Inc. (the "Company" or "New Oriental") (NYSE:EDU), a provider of private educational services in China, today announced that it will report its financial results for the first quarter ended August 31, 2023, before the U.S. market opens on October 25, 2023. New Oriental's management will host an earnings conference call at 8 AM on October 25, 2023, U.S. Eastern Time (8 PM on October 25, 2023, Beijing/Hong Kong Time). Participants can join the conference using the below options: Dialling-in to the conference call: Please register in advance of the conference, using the link provided below. Upon registering, yo
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HSBC Securities resumed coverage of New Oriental Education & Technology with a rating of Buy and set a new price target of $110.00
Goldman initiated coverage of New Oriental Education & Technology with a rating of Buy
Morgan Stanley initiated coverage of New Oriental Education & Technology with a rating of Overweight and set a new price target of $81.00
Citigroup resumed coverage of New Oriental Education & Technology with a rating of Buy
CLSA upgraded New Oriental Education & Technology from Outperform to Buy
BofA Securities upgraded New Oriental Education & Technology from Neutral to Buy and set a new price target of $36.60 from $18.80 previously
Macquarie upgraded New Oriental Education & Technology from Neutral to Outperform
Macquarie downgraded New Oriental Education & Technology from Outperform to Neutral
JP Morgan upgraded New Oriental Education & Technology from Neutral to Overweight and set a new price target of $24.00 from $14.00 previously
UBS upgraded New Oriental Education & Technology from Neutral to Buy
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Citigroup analyst Michelle Fang maintains New Oriental Education (NYSE:EDU) with a Buy and raises the price target from $66 to $127.