Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of TAL International Group
So what: Total revenue rose 29% to $134 million, and earnings per share fell $0.08 to $1.07 per share. Adjusted earnings per share were $1.02, better than analysts expected.
Now what: TAL also raised its dividend to $0.55 per quarter, showing confidence that the improved results will continue. Shares are now trading with a trailing P/E ratio of 11 and a juicy 6% dividend yield. I think that provides a nice value to investors, considering the company has increased its dividend six times in the last two years.
Interested in more info on TAL International? Add it to your watchlist by clicking here.