Nord Anglia Education Inc. (NYSE:NORD) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share guidance of $0.64-0.69 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.67. The company issued revenue guidance of $910-930 million (prior $925-945 million), compared to the consensus revenue estimate of $936.51 million.

Several brokerages have issued reports on NORD. Zacks Investment Research raised Nord Anglia Education from a sell rating to a hold rating in a research note on Wednesday, November 9th. Barclays PLC reissued an overweight rating and issued a $22.00 target price on shares of Nord Anglia Education in a research note on Saturday, October 15th. 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, JPMorgan Chase & Co. boosted their target price on Nord Anglia Education from $23.00 to $24.00 and gave the company an overweight rating in a research note on Tuesday, August 9th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $24.17.

Shares of Nord Anglia Education Inc. (NYSE:NORD) opened at 23.30 on Tuesday. The company has a market cap of $2.43 billion, a price-to-earnings ratio of 170.07 and a beta of 0.91. Nord Anglia Education Inc. has a 1-year low of $14.58 and a 1-year high of $24.34. The stock has a 50 day moving average price of $22.34 and a 200-day moving average price of $21.97.

Nord Anglia Education (NYSE:NORD) last posted its quarterly earnings results on Tuesday, November 29th. The company reported ($0.14) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.01. Nord Anglia Education had a net margin of 2.06% and a return on equity of 20.31%. The firm earned $115.10 million during the quarter, compared to the consensus estimate of $110.77 million. During the same quarter in the previous year, the firm posted ($0.22) earnings per share. The company’s revenue was up 27.2% on a year-over-year basis. Equities research analysts forecast that Nord Anglia Education Inc. will post $0.64 earnings per share for the current year.

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Several hedge funds have recently bought and sold shares of NORD. JPMorgan Chase & Co. increased its stake in Nord Anglia Education by 445.7% in the second quarter. JPMorgan Chase & Co. now owns 4,900 shares of the company’s stock valued at $104,000 after buying an additional 4,002 shares in the last quarter. Vanguard Group Inc. bought a new stake in Nord Anglia Education during the second quarter valued at $202,000. BlackRock Fund Advisors bought a new stake in Nord Anglia Education during the second quarter valued at $484,000. BlackRock Group LTD increased its stake in Nord Anglia Education by 74.2% in the second quarter. BlackRock Group LTD now owns 8,959 shares of the company’s stock valued at $189,000 after buying an additional 3,817 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in Nord Anglia Education by 149.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 189,826 shares of the company’s stock valued at $4,013,000 after buying an additional 113,761 shares in the last quarter. 29.23% of the stock is owned by hedge funds and other institutional investors.

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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