QUOTE AND NEWS
SeekingAlpha  Jul 21  Comment 
TAL Education Group (NYSE:XRS) Q1 2015 Earnings Conference Call July 21, 2014 08:00 am ET Executives Mei Li - Investor Relations Manager Joseph Kauffman - Chief Financial Officer Analysts Fei Fang - Goldman Sachs Philip Wan...
newratings.com  Jul 21  Comment 
BEIJING (dpa-AFX) - TAL Education Group (XRS), a leading K-12 after-school tutoring services provider in China, reported that its net income attributable to the company for the first quarter of fiscal year 2015 ended May 31, 2014 increased by...
StreetInsider.com  May 16  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/TAL+Education+Group+%28XRS%29+Notably+Higher+Following+Pricing+%24200M+Conv.+Notes+Offering/9497423.html for the full story.
TheStreet.com  May 16  Comment 
NEW YORK (TheStreet) -- TAL Education was gaining 6.2% to $21.47 Friday after pricing an offering of $200 million convertible senior notes. The convertible senior notes in the offering are due in 2019. The company granted initial buyers the...
Benzinga  May 16  Comment 
Rackspace Hosting (NYSE: RAX) shares moved up 16.98% to $35.89. The volume of Rackspace Hosting shares traded was 1289% higher than normal. Rackspace Hosting surged on confirmation of approach by potential buyers and partners. TAL Education...
SeekingAlpha  Apr 22  Comment 
TAL Education Group (XRS) F4Q 2014 Earnings Conference Call April 22, 2014 08:00 ET Executives Mei Li - Investor Relations Manager Joseph Kaufman - Chief Financial Officer Analysts Fei Fang - Goldman Sachs Timothy Chan -...
DailyFinance  Apr 15  Comment 
CINCINNATI, OH--(Marketwired - April 15, 2014) - XRS Corporation (formerly Xata Corporation) (NASDAQ: XRSC), the leader in mobile fleet optimization solutions, today announced Shamrock Foods -- a nationally-ranked manufacturer...
DailyFinance  Apr 14  Comment 
CINCINNATI, OH--(Marketwired - April 14, 2014) - As a leading provider to private fleets, XRS Corporation (NASDAQ: XRSC) is announcing a new addition to its mobile fleet optimization solution aimed at bringing insight into customer's routes,...
StreetInsider.com  Feb 6  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/XRS+%28XRSC%29+Reports+Q1+EPS+of+%240.07/9133449.html for the full story.
SeekingAlpha  Feb 4  Comment 
By Alex Bird: With an earnings report, an investment in another company, and large swings in the price of its stock, January was a lively month for TAL Education Group (XRS), a K-12 private education provider in China. XRS posted strong gains for...




 
TOP CONTRIBUTORS

TAL Education Group (NYSE:XRS) is the largest Chinese after-school tutoring service by revenue. The company tutors students in grades K-12 in the core academic subjects such as mathematics, English, Chinese, physics, chemistry and biology. The tutoring services are administed through small classes, one-on-one, and online courses with varying fees associated with each. The company operates 109 learning centers and 87 service centers across China, but primarily in Beijing, Shanghai, Shenzhen, Guangzhou, Tianjin, and Wuhan.[1]

The company hopes to take advantage of the rise of China's middle class and the general increased interest in education to foster continued growth. The company has managed to increase its enrollment size from 68K in 2008 to 383K in 2010.[1] In addition, the tutoring market in China is highly fragmented. There is not individual player which makes up more than 1% of the market share. TAL Education hopes to take advantage of this fragmentation by growing without facing any unified competitors.[2]

The company's initial public offering of stock on the NYSE occurred on October 19, 2010. The company offered 12M shares each for $10. This was at the high high end of the initial price range of $8-$10. The IPO raised a total of $120M. The lead underwriters of the deal were Credit Suisse Group (CS) and Morgan Stanley (MS).[3]

TAL Education has been able to grow its revenues over the past 3 years. In 2008, it reported total revenue of $8.9M, and in 2010, it reported $70M in total revenue. The company has been able to increase net income as well. In 2008, its Net Income figure was $1.5M, while in 2010, it reported $14M.[4]


References

  1. 1.0 1.1 XRS 2010 F-1 Prospectus Summary "Our Business" p.1
  2. XRS 2010 F-1 Prospectus Summary "Market Opportunity" p.2
  3. Renaissance Capital - IPO Home "TAL Education prices IPO at $10, at the high end of the range" 20 Oct 2010
  4. XRS 2010 F-1 Prospectus Summary "Summary Consolidated Financial Data and Operating Data" p.10
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