Strategic Education (NASDAQ:STRA) Releases Quarterly Earnings Results, Beats Expectations By $0.35 EPS

Strategic Education (NASDAQ:STRA - Get Free Report) posted its quarterly earnings results on Thursday. The health services provider reported $1.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.35, Briefing.com reports. Strategic Education had a net margin of 9.84% and a return on equity of 7.47%. The business had revenue of $305.96 million during the quarter, compared to analyst estimates of $301.62 million. During the same period in the prior year, the business posted $0.97 earnings per share. The company's revenue was up 7.0% on a year-over-year basis.

Strategic Education Trading Up 1.4 %

STRA traded up $1.40 during trading hours on Friday, reaching $99.91. 280,404 shares of the company's stock traded hands, compared to its average volume of 130,340. Strategic Education has a 52-week low of $85.11 and a 52-week high of $123.62. The firm has a market capitalization of $2.46 billion, a PE ratio of 20.52, a PEG ratio of 1.38 and a beta of 0.57. The firm has a 50-day moving average price of $90.74 and a 200 day moving average price of $103.08. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.04.

Strategic Education Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 2nd will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date is Monday, December 2nd. Strategic Education's dividend payout ratio (DPR) is currently 49.28%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Truist Financial cut their price target on Strategic Education from $145.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday, October 16th. Barrington Research reiterated an "outperform" rating and set a $135.00 target price on shares of Strategic Education in a research report on Thursday. StockNews.com cut Strategic Education from a "buy" rating to a "hold" rating in a report on Saturday, October 5th. Finally, BMO Capital Markets dropped their price target on Strategic Education from $130.00 to $125.00 and set an "outperform" rating for the company in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $126.00.

About Strategic Education

Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. The company operates through U.S. Higher Education, Australia/New Zealand, and Education Technology Services segments. It operates Strayer University that offers undergraduate and graduate degree programs in business, criminal justice, education, health services, information technology, and public administration at physical campuses located in the eastern United States, as well as through online; non-degree web and mobile application development courses through Hackbright Academy and Devmountain; and MBA online through its Jack Welch Management Institute.