What is Barrington Research's Forecast for STRA Q4 Earnings?

Strategic Education, Inc. (NASDAQ:STRA - Free Report) - Equities researchers at Barrington Research decreased their Q4 2024 earnings per share (EPS) estimates for Strategic Education in a report released on Thursday, November 7th. Barrington Research analyst A. Paris now anticipates that the health services provider will earn $1.23 per share for the quarter, down from their previous estimate of $1.39. Barrington Research currently has a "Outperform" rating and a $135.00 target price on the stock. The consensus estimate for Strategic Education's current full-year earnings is $4.69 per share.

A number of other research firms also recently commented on STRA. StockNews.com downgraded Strategic Education from a "buy" rating to a "hold" rating in a report on Saturday, October 5th. BMO Capital Markets reduced their target price on Strategic Education from $130.00 to $125.00 and set an "outperform" rating for the company in a report on Thursday, August 1st. Finally, Truist Financial reduced their target price on Strategic Education from $145.00 to $120.00 and set a "buy" rating for the company in a report on Wednesday, October 16th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $126.00.

Strategic Education Stock Performance

Shares of NASDAQ STRA traded down $1.94 during mid-day trading on Monday, hitting $97.97. 151,385 shares of the company were exchanged, compared to its average volume of 130,436. The company has a quick ratio of 1.57, a current ratio of 1.34 and a debt-to-equity ratio of 0.04. The stock has a 50 day simple moving average of $90.74 and a 200-day simple moving average of $103.13. Strategic Education has a 1-year low of $85.11 and a 1-year high of $123.62. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 19.03, a price-to-earnings-growth ratio of 1.43 and a beta of 0.57.

Strategic Education (NASDAQ:STRA - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The health services provider reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.35. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The firm had revenue of $305.96 million during the quarter, compared to the consensus estimate of $301.62 million. During the same period last year, the company earned $0.97 earnings per share. The company's revenue for the quarter was up 7.0% on a year-over-year basis.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Strategic Education during the 2nd quarter worth about $36,000. Meeder Asset Management Inc. purchased a new stake in Strategic Education during the 2nd quarter worth about $36,000. CWM LLC increased its position in Strategic Education by 2,650.0% during the 2nd quarter. CWM LLC now owns 330 shares of the health services provider's stock worth $37,000 after purchasing an additional 318 shares in the last quarter. Innealta Capital LLC purchased a new stake in Strategic Education during the 2nd quarter worth about $38,000. Finally, Rothschild Investment LLC purchased a new stake in Strategic Education during the 2nd quarter worth about $38,000. Hedge funds and other institutional investors own 93.27% of the company's stock.

Strategic Education Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Stockholders 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 dividend yield of 2.45%. The ex-dividend date is Monday, December 2nd. Strategic Education's dividend payout ratio is currently 45.71%.

Strategic Education Company Profile

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.