Nord Anglia Education, which is currently in negotiations with the owners of Phuket International School, Phuket to lease the facilities, is one of the largest operators of international schools in the world. It relocated to Hong Kong in 2012 to focus on the Chinese and South East Asia market.
Nord Anglia Education was founded in 1972 by Kevin McNeany to teach English as a foreign language. The company grew in the 1970s to the 1980s before moving into the UK education market. Soon after, it entered the Eastern and Central Europe market. In the late 1990s and early 2000s, the group also built up a substantial day care and nursery business in addition to its Learning Services arm.
Four years ago, in 2012, the group relocated to Hong Kong to complement growth plans in China and Southeast Asia. In 2013, Nord Anglia acquired World Class Learning Group entering the North American market while strengthening its presence in Europe and the Middle East. Through the acquisition of WCL’s nine schools, Nord Anglia gained a foothold in the US, Qatar and Spain markets.
Nord Anglia Education’s initial public offering took place on March 26, 2014 on the NYSE.
As of 24th of June 2016 it has a market capitalization of 2.23 billion USD.
Nord Anglia Education Inc last announced its earnings results on Apr 26, 2016 for Fiscal Year 2016 and Q2. Company reported revenue of $243.50M. Analysts had an estimated revenue of $245.60M. Earnings per share were $0.27. Analysts had estimated an EPS of $0.27.
The Company teaches children from kindergarten through the end of secondary school (K-12) at its 27 premium schools in China Europe the Middle East and Southeast Asia (ME/SEA) and North America.
Anglia Education, Inc. had its “outperform” rating reiterated by analysts at Credit Agricole on mid June. most analysts has a USD 23 price target on the company.
It was trading at USD 21.19 on June 24.
The stock price has increased by 7.8% since it was listed on the New York Stock Exchange (NYSE) on the 4th of April 2014. The stock’s market capitalization is 2.2 billion USD. Nord Anglia Education, Inc. has a 52-week low of 14.58 and a 52-week high of 27.18.