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EDU Holdings Limited ( (AU:EDU) ) has provided an update.
EDU Holdings Limited has upgraded its FY25 financial guidance due to stronger-than-expected enrolments at its Ikon Institute and favorable cost timing, projecting significant increases in revenue, EBITDA, and net profit compared to FY24. Additionally, the company announced a selective buy-back initiative involving 18 million shares from major shareholders Mulpha and Investec, aimed at enhancing earnings per share without hindering growth plans, while also reflecting the board’s belief in the company’s undervalued share price.
The most recent analyst rating on (AU:EDU) stock is a Buy with a A$0.50 price target. To see the full list of analyst forecasts on EDU Holdings Limited stock, see the AU:EDU Stock Forecast page.
More about EDU Holdings Limited
EDU Holdings Limited is a prominent private tertiary education group in Australia, primarily focusing on higher education through its Ikon Institute. The company is dedicated to expanding its course offerings to meet market demand, thereby enhancing its industry positioning.
Average Trading Volume: 743,706
Technical Sentiment Signal: Buy
Current Market Cap: A$87.15M
Learn more about EDU stock on TipRanks’ Stock Analysis page.