Todays Report: Today, Nord Anglia Education Inc. (NORD) Issues FY17 Earnings Guidance

Today, Nord Anglia Education Inc. (NORD) Issues FY17 Earnings Guidance

Nord Anglia Education Inc. (NYSE:NORD) updated its FY17 earnings guidance on Tuesday. The company provided EPS guidance of $0.64-0.69 for the period, compared to the Thomson Reuters consensus EPS 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 recently weighed in on NORD. Zacks Investment Research upgraded Nord Anglia Education from a sell rating to a hold rating in a research report on Wednesday, August 10th. Credit Suisse Group AG reiterated a buy rating on shares of Nord Anglia Education in a research report on Friday, August 26th. Barclays PLC restated an overweight rating and issued a $22.00 price objective on shares of Nord Anglia Education in a research report on Saturday, October 15th. Finally, JPMorgan Chase & Co. boosted their price objective on Nord Anglia Education from $23.00 to $24.00 and gave the company an overweight rating in a research report on Tuesday, August 9th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock 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 firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 170.07 and a beta of 0.91. Nord Anglia Education Inc. has a 52 week low of $14.58 and a 52 week 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 announced its earnings results on Tuesday, November 29th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.01. The firm earned $115.10 million during the quarter, compared to analysts’ expectations of $110.77 million. Nord Anglia Education had a return on equity of 20.31% and a net margin of 2.06%. The business’s revenue was up 27.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.22) EPS. On average, analysts anticipate that Nord Anglia Education Inc. will post $0.64 EPS for the current year.

Hedge funds have recently bought and sold shares of the company. Credit Suisse AG boosted its stake in Nord Anglia Education by 7.8% in the third quarter. Credit Suisse AG now owns 20,912 shares of the company’s stock worth $456,000 after buying an additional 1,510 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in Nord Anglia Education by 3.4% in the third quarter. D. E. Shaw & Co. Inc. now owns 87,316 shares of the company’s stock worth $1,902,000 after buying an additional 2,850 shares during the last quarter. Northern Trust Corp boosted its stake in Nord Anglia Education by 3.3% in the third quarter. Northern Trust Corp now owns 71,069 shares of the company’s stock worth $1,548,000 after buying an additional 2,269 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 worth $5,567,000 after buying an additional 34,012 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 worth $2,908,000 after buying an additional 98,295 shares during the last quarter. 29.23% of the stock is owned by institutional investors.

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