Nord Anglia Education Inc. (NORD) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS
Nord Anglia Education Inc. (NYSE:NORD) posted its quarterly earnings data on Tuesday. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.01. Nord Anglia Education had a return on equity of 20.31% and a net margin of 2.06%. The firm had revenue of $115.10 million for the quarter, compared to the consensus estimate of $110.77 million. During the same quarter last year, the company earned ($0.22) earnings per share. The business’s revenue for the quarter was up 27.2% compared to the same quarter last year. Nord Anglia Education updated its FY17 guidance to $0.64-0.69 EPS.
Shares of Nord Anglia Education (NYSE:NORD) opened at 23.77 on Wednesday. The company has a market cap of $2.47 billion, a P/E ratio of 173.50 and a beta of 0.91. Nord Anglia Education has a 1-year low of $14.58 and a 1-year high of $24.34. The firm has a 50-day moving average price of $22.34 and a 200-day moving average price of $21.97.
Several hedge funds and other institutional investors have recently made changes to their positions in NORD. Geneva Advisors LLC raised its position in shares of Nord Anglia Education by 1.9% in the second quarter. Geneva Advisors LLC now owns 180,479 shares of the company’s stock worth $3,815,000 after buying an additional 3,290 shares in the last quarter. First Trust Advisors LP purchased a new position in shares of Nord Anglia Education during the second quarter worth $1,089,000. Swiss National Bank raised its position in shares of Nord Anglia Education by 109.3% in the second quarter. Swiss National Bank now owns 55,721 shares of the company’s stock worth $1,178,000 after buying an additional 29,100 shares in the last quarter. Granite Point Capital Management L.P. purchased a new position in shares of Nord Anglia Education during the second quarter worth $989,000. Finally, Bank of Montreal Can raised its position in shares of Nord Anglia Education by 10.6% in the third quarter. Bank of Montreal Can now owns 30,969 shares of the company’s stock worth $675,000 after buying an additional 2,974 shares in the last quarter. 29.23% of the stock is currently owned by institutional investors and hedge funds.
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Several research analysts have recently commented on NORD shares. JPMorgan Chase & Co. raised their price objective on Nord Anglia Education from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 9th. Zacks Investment Research downgraded Nord Anglia Education from a “hold” rating to a “sell” rating in a research note on Thursday, October 27th. Credit Suisse Group AG set a $25.00 target price on Nord Anglia Education and gave the company a “buy” rating in a research note on Tuesday, October 11th. Finally, Barclays PLC reissued an “overweight” rating and set a $22.00 target price on shares of Nord Anglia Education in a research note on Saturday, October 15th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Nord Anglia Education currently has a consensus rating of “Buy” and a consensus target price of $24.17.
About Nord Anglia Education
Nord Anglia Education, Inc is an operator of premium international schools. The principal activities of the Company consist of premium schools and associated activities in China, which includes the People’s Republic of China and Hong Kong Special Administrative Region (SAR); Europe, which includes Switzerland, Slovakia, Hungary, Czech Republic, Spain and Poland; Middle East/South East Asia (ME/SEA), which includes the United Arab Emirates, Qatar, Thailand, Singapore, Cambodia and Vietnam, and North America, which includes the United States and Mexico.
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