The share price of TAL Education Group (TAL, Financial) experienced a notable increase of 5.15% recently. The stock is currently trading at $11.22 per share with a trading volume of 2.734 million shares and a turnover rate of 0.45%. The price fluctuation stands at 7.69%.
TAL's recent earnings report reveals an operating income of $619 million and a net profit of $57.43 million, translating to earnings per share of $0.09. The company's gross profit amounts to $349 million with a price-to-earnings ratio of 95.97.
In terms of analyst ratings, 96% of the 26 institutions covering the stock recommend buying, while 4% suggest holding. No analysts recommend selling the stock.
Within the education services industry, where TAL operates, the overall sector growth was 1.08%. Noteworthy performers in the sector include Adtalem Global Education Inc., QuantumSong, and American Public Education, all showing significant gains. Chegg, Inc., Adtalem Global Education Inc., and Golden Sun Education Health Technology observed high activity levels with turnover rates of 1.58%, 1.42%, and 1.36% respectively. Adtalem Global Education Inc., 17 Education & Technology Group, and Udemy, Inc. showed significant price volatilities of 15.48%, 12.91%, and 12.53% respectively.
TAL Education Group is a prominent Chinese provider of intelligent learning solutions. Previously, K-9 subject tutoring contributed significantly to its revenue until regulatory changes in 2021 imposed non-profit requirements on the business. Following the divestment of its K-9 tutoring segment, the company has refocused on enhanced learning and content solutions.
