QUOTE AND NEWS
newratings.com  Jun 16  Comment 
BEIJING (dpa-AFX) - TAL Education Group (XRS), a leading K-12 after-school tutoring services provider in China, announced that it has increased its equity stake in Beijing Shunshunbida Information Consulting Co., Ltd. or "Shunshun Bida", which...
Benzinga  May 7  Comment 
Brean Capital has downgraded TAL Education Group (ADR) (NYSE: XRS) to Hold from Buy on greater-than-expected margin pressures. TAL Education reported fourth-quarter non-GAAP operating margin of 14.4 percent, down from 16.4 percent a year ago....
SeekingAlpha  Jan 27  Comment 
newratings.com  Jan 27  Comment 
BEIJING (dpa-AFX) - TAL Education Group (XRS) said that it expects total net revenues for the fourth quarter of fiscal year 2016 are expected to be between US$166.3 million and US$168.8 million, representing an increase of 35% to 37% on a...
Benzinga  Jan 20  Comment 
TAL Education Group (NYSE: XRS) today announced a strategic investment in Knewton Inc.  ("Knewton"), a global leader in adaptive learning. In addition, TAL and Knewton have signed a letter of intent to incorporate Knewton's adaptive platform in...
Benzinga  Nov 30  Comment 
Gartner Inc (NYSE: IT) shares gained 0.86 percent to touch a new 52-week high of $93.69. Gartner shares have climbed 9.52 percent over the past 52 weeks, while the S&P 500 index has gained 1.79 percent in the same period. TAL Education Group...




 
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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