Technical Reports on Education Services Stocks -- New Oriental Education & Technology, DeVry Education, Houghton Mifflin Harcourt, and Chegg
NEW YORK, March 9, 2017 /PRNewswire/ --
Stock-Callers.com revisits the Education and Training Services space, which includes business and secretarial schools; technical and trade schools; and providers of tutoring, exam preparation, and other instruction. Equities under review are New Oriental Education & Technology Group Inc. (NYSE: EDU), DeVry Education Group Inc. (NYSE: DV), Houghton Mifflin Harcourt Co. (NASDAQ: HMHC), and Chegg Inc. (NYSE: CHGG). Download the free research reports on these stocks today:
New Oriental Education & Technology
Beijing, the People's Republic of China headquartered New Oriental Education & Technology Group Inc.'s shares declined 0.71%, closing Wednesday's trading session at $50.46. The stock recorded a trading volume of 678,839 shares. The Company's shares have advanced 6.84% in the last month, 14.94% over the previous three months, and 19.86% since the start of this year. The stock is trading 5.35% above its 50-day moving average and 11.22% above its 200-day moving average. Additionally, shares of New Oriental Education & Technology, which provides private educational services under the New Oriental brand in the People's Republic of China, have a Relative Strength Index (RSI) of 55.00.
On February 28th, 2017, New Oriental Education and Technology Group announced that it will hold its annual general meeting of shareholders on March 30th, 2017 at 9:00 a.m. (local time), at 42/F, Edinburgh Tower, The Landmark, 15 Queen's Road Central, Hong Kong, China. 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 to discuss Company affairs with management. See our free and comprehensive research report on EDU at:
On Wednesday, shares in Downers Grove, Illinois headquartered DeVry Education Group Inc. recorded a trading volume of 424,232 shares. The stock fell 0.90%, ending the day at $33.10. The Company's shares have advanced 0.15% in the past month, 10.52% in the previous three months, and 6.09% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 1.26% and 30.69%, respectively. Furthermore, shares of DeVry Education, which provides educational services worldwide, have an RSI of 53.94.
On February 16th, 2017, DeVry Education announced that its board of directors has approved its tenth share repurchase program, which allows DeVry Group to repurchase up to $300 million of its common stock through December 31st, 2020. In conjunction with the new program, which replaces DeVry Group's previously approved $100 million share repurchase authorization, the Company will cease its bi-annual cash dividend payment. DV free research report PDF is just a click away at:
Houghton Mifflin Harcourt
Boston, Massachusetts headquartered Houghton Mifflin Harcourt Co.'s stock finished the day 0.50% lower at $9.95 with a total trading volume of 709,929 shares. The Company's shares are trading below their 50-day moving average by 7.90%. Shares of the Company, which provides content, services, and technology solutions for educational institutions and consumers, have an RSI of 37.69.
On February 27th, 2017, Houghton Mifflin Harcourt announced that Brian Shipman has joined the Company as Senior Vice President and head of Investor Relations. Shipman will be responsible for leading communications with the financial and investor community regarding the Company's financial performance, key business metrics and growth strategy. Sign up for your complimentary report on HMHC at:
Shares in Santa Clara, California headquartered Chegg Inc. ended yesterday's session 0.25% lower at $7.92. The stock recorded a trading volume of 320,129 shares. The Company's shares have advanced 13.14% in the last one month, 1.28% over the previous three months, and 7.32% since the start of this year. The stock is trading 5.02% and 17.22% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Chegg, which operates student-first connected learning platform that help students transition from high school to college to career, have an RSI of 53.83.
On February 13th, 2017, Chegg reported total net revenues of $63.1 million for Q4 2016, down 7% on a y-o-y basis. Chegg Services' revenues grew 54% y-o-y to $44.3 million, or 70% of total net revenues, compared to 42% in Q4 2015. The Company's gross profit was $42.5 million for Q4 2016, while its net loss was $1.5 million for Q4 2016. The Company's adjusted EBITDA was $13.9 million for Q4 2016.
On February 14th, 2017, research firm Barrington Research reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $11 a share to $12.50 a share. Register for free on Stock-Callers.com and download the latest research report on CHGG at:
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