Strategic Education (STRA) Expected to Announce Quarterly Earnings on Thursday

Strategic Education (NASDAQ:STRA - Get Free Report) is anticipated to announce its earnings results before the market opens on Thursday, April 24th. Analysts expect the company to announce earnings of $1.01 per share and revenue of $300.67 million for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.

Strategic Education (NASDAQ:STRA - Get Free Report) last posted its earnings results on Thursday, February 27th. The health services provider reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.10). The firm had revenue of $311.46 million for the quarter, compared to analyst estimates of $315.18 million. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. On average, analysts expect Strategic Education to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Strategic Education Stock Performance

Shares of STRA traded up $1.40 during mid-day trading on Friday, hitting $80.07. 154,754 shares of the company's stock were exchanged, compared to its average volume of 151,799. The stock's 50-day moving average is $85.52 and its 200-day moving average is $91.36. Strategic Education has a fifty-two week low of $74.28 and a fifty-two week high of $123.62. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 15.25, a P/E/G ratio of 1.22 and a beta of 0.58.

Strategic Education Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a $0.60 dividend. The ex-dividend date was Monday, March 10th. This represents a $2.40 annualized dividend and a dividend yield of 3.00%. Strategic Education's dividend payout ratio (DPR) is 51.39%.

Insider Transactions at Strategic Education

In related news, CFO Daniel Wayne Jackson sold 6,025 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $97.83, for a total transaction of $589,425.75. Following the completion of the transaction, the chief financial officer now owns 81,756 shares of the company's stock, valued at $7,998,189.48. This trade represents a 6.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Raymond Karl Mcdonnell sold 31,855 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $97.83, for a total transaction of $3,116,374.65. Following the completion of the sale, the chief executive officer now directly owns 140,281 shares of the company's stock, valued at $13,723,690.23. The trade was a 18.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 39,332 shares of company stock worth $3,825,169 over the last quarter. 3.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on STRA shares. StockNews.com cut shares of Strategic Education from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. BMO Capital Markets cut their target price on Strategic Education from $114.00 to $97.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd. Finally, Barrington Research reaffirmed an "outperform" rating and set a $120.00 price objective on shares of Strategic Education in a report on Tuesday.

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.