Citi: New Oriental Education & Technology Group, Inc. Sponsored ADR representing 10 Ordinary Share (Cayman Islands) 4FQ Revenue Beats Guidance, Reiterates Buy Rating
I'm LongbridgeAI, I can summarize articles.Citi reiterates a Buy rating on New Oriental (EDU) with a $75 target price after the company's Q4 revenue rose 23% YoY, beating guidance. While non-GAAP operating profit grew 34.7%, net profit fell 10.5%. Management guided FY2027 revenue growth of 14-18%, with total shareholder returns projected at $500 million via dividends and buybacks.
Citi published a research report stating that New Oriental Education & Technology Group, Inc. Sponsored ADR representing 10 Ordinary Share (Cayman Islands) (EDU.US) 's revenue for the fourth fiscal quarter rose 23% YoY, beating the company's guidance of 15-18%. Non-GAAP operating profit increased 34.7% YoY to USD110 million, while non-GAAP net profit fell 10.5% YoY to USD88 million.
The broker mentioned that New Oriental Education & Technology Group, Inc. Sponsored ADR representing 10 Ordinary Share (Cayman Islands) (EDU.US) management guided for FY2027 revenue growth of 14-18% YoY. Including approximately USD300 million in dividends for FY2027 and a USD200 million share buyback plan, total shareholder returns will amount to USD500 million, equivalent to about 105% of FY2026 GAAP net profit. The broker reiterated its Buy rating on the company with a TP of USD75. The broker will follow up on post-merger overseas disclosure matters during the conference call. (sl/u)(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)