Trading Report: Today, Nord Anglia Education Inc. (NORD) Issues Earnings Results

Today, Nord Anglia Education Inc. (NORD) Issues  Earnings Results

Nord Anglia Education Inc. (NYSE:NORD) issued its earnings results on Tuesday. The company reported ($0.14) EPS for the quarter, beating the Zacks’ 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 company earned $115.10 million during the quarter, compared to the consensus estimate of $110.77 million. During the same period in the previous year, the firm posted ($0.22) earnings per share. Nord Anglia Education’s quarterly revenue 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 23.30 on Tuesday. The firm has a 50-day moving average price of $22.34 and a 200-day moving average price of $21.97. Nord Anglia Education has a 52-week low of $14.58 and a 52-week high of $24.34. The firm has a market capitalization of $2.43 billion, a P/E ratio of 170.07 and a beta of 0.91.

Several large investors have recently added to or reduced their stakes in the stock. Loomis Sayles & Co. L P boosted its stake in Nord Anglia Education by 17.7% in the second quarter. Loomis Sayles & Co. L P now owns 1,269,903 shares of the company’s stock valued at $26,846,000 after buying an additional 191,378 shares during the last quarter. Janus Capital Management LLC boosted its stake in Nord Anglia Education by 14.8% in the second quarter. Janus Capital Management LLC now owns 263,357 shares of the company’s stock valued at $5,567,000 after buying an additional 34,012 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Nord Anglia Education by 6.6% in the second quarter. Thrivent Financial for Lutherans now owns 251,800 shares of the company’s stock valued at $5,323,000 after buying an additional 15,600 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted 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 during the last quarter. Finally, State Street Corp boosted its stake in Nord Anglia Education by 250.1% in the second quarter. State Street Corp now owns 137,605 shares of the company’s stock valued at $2,908,000 after buying an additional 98,295 shares during the last quarter. Institutional investors and hedge funds own 29.23% of the company’s stock.

NORD has been the subject of a number of research reports. JPMorgan Chase & Co. lifted 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. Zacks Investment Research upgraded Nord Anglia Education from a “sell” rating to a “hold” rating in a research note on Wednesday, August 10th. Credit Suisse Group AG restated a “buy” rating on shares of Nord Anglia Education in a research note on Friday, August 26th. Finally, Barclays PLC restated an “overweight” rating and issued 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 given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $24.17.

About Nord Anglia Education

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