Trade Report: Today, Nord Anglia Education Inc. (NORD) Updates FY17 Earnings Guidance

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

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.

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.

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