Bright Scholar E Stock Price, News & Analysis

Bright Scholar Education Holdings Limited (NYSE: BEDU) announced that China's recent regulations regarding after-school tutoring will not significantly impact its business. The rules, released on July 24, 2021, focus on limiting homework and tutoring for grades 1-9. Bright Scholar has minimal exposure to these grades, emphasizing its diversified portfolio, including overseas study counseling, ed-tech services, and K-12 institutions. The company operates 107 schools in China and eight internationally, serving over 100 nationalities. It will continue to monitor and adapt to regulatory changes.

Bright Scholar Education Holdings Limited (NYSE: BEDU) announced a board-approved repurchase program for up to US$30 million of its senior notes listed on the Stock Exchange of Hong Kong. The Executive Vice Chairman, Jerry He, expressed confidence in the company’s financial position and sustainable free cash flow. This initiative aims to optimize the company's debt structure while maintaining liquidity for long-term growth. The program may be adjusted based on market conditions and does not have specific limitations.

Bright Scholar Education Holdings Limited (NYSE: BEDU) announced the outcomes of its 2021 annual general meeting held on July 28, 2021. Shareholders ratified the appointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP as the independent registered public accounting firm for the fiscal year ending August 31, 2021. As of May 31, 2021, Bright Scholar operated 107 schools in China and eight internationally, focusing on K-12 education and international opportunities for students.

Bright Scholar Education Holdings Limited (BEDU) reported strong financial results for the third fiscal quarter ending May 31, 2021. The company achieved a 42.5% increase in revenue to RMB 1,053.8 million and a 141.0% surge in net income to RMB 163.9 million. The domestic K-12 segment was a key driver, with 72.5% revenue growth, reflecting a recovery from COVID-19 impacts. However, the nine-month performance showed a 7.4% revenue growth, with declining gross profit margin to 35.2%. A dividend of US$0.12 per ADS was declared, signaling confidence in future growth.

Bright Scholar Education Holdings Limited (NYSE: BEDU) has declared a cash dividend of US$0.12 per ordinary share, totaling approximately US$14 million. The dividend will be paid on August 16, 2021, to shareholders on record as of August 2, 2021. This decision reflects the Board's discretion based on the company's operational performance and financial condition. Bright Scholar operates 107 schools in China and emphasizes quality international education for global students.

Bright Scholar Education Holdings Limited (BEDU) is set to announce its unaudited financial results for the third fiscal quarter ending May 31, 2021, on July 21, 2021, after the US market closes. The earnings report will be accessible on the investor relations page. Management will conduct a conference call on July 22, 2021, at 8:00 am ET to discuss the results and recent business activities. As of February 28, 2021, Bright Scholar operated 95 schools in China and eight internationally, catering to K-12 educational needs.

Bright Scholar Education Holdings Limited (NYSE: BEDU) will hold its 2021 annual general meeting on July 28, 2021, in Foshan, China. The meeting's key proposal involves ratifying Deloitte Touche Tohmatsu as the independent accountant for the fiscal year ending August 31, 2021. June 18, 2021 has been set as the record date for shareholders entitled to attend. Bright Scholar operates 95 schools across China and 8 schools internationally, providing quality international education along with the Chinese government-mandated curriculum.

Bright Scholar Education Holdings Limited (NYSE: BEDU) released its unaudited financial results for the second fiscal quarter ending February 28, 2021. Revenue decreased by 7.8% year-over-year to RMB809 million, while gross profit fell significantly by 46.5% to RMB164.1 million. Operating loss was RMB40.3 million, compared to an operating income of RMB76.2 million last year. The net loss for the quarter was RMB42.4 million versus a profit of RMB40.5 million in the previous year. Domestic K-12 schools performed strongly, with revenue increasing by 12%, though overseas schools faced substantial declines.

Bright Scholar Education Holdings Limited (NYSE: BEDU) announced it will release unaudited financial results for its second fiscal quarter ended February 28, 2021, on April 21, 2021, after the US market closes. A conference call to discuss these results is scheduled for April 22, 2021, at 8:00 am US Eastern Time. Interested participants can access the earnings report on the investor relations page at http://ir.brightscholar.com/. As of November 30, 2020, Bright Scholar operated 94 schools in China and eight abroad.