Strategic Education, Inc. (NASDAQ:STRA - Free Report) - Equities research analysts at Zacks Research increased their FY2024 earnings per share estimates for shares of Strategic Education in a report released on Thursday, November 21st. Zacks Research analyst R. Department now anticipates that the health services provider will earn $4.77 per share for the year, up from their prior estimate of $4.69. The consensus estimate for Strategic Education's current full-year earnings is $4.79 per share. Zacks Research also issued estimates for Strategic Education's Q4 2024 earnings at $1.17 EPS, Q1 2025 earnings at $1.08 EPS, Q2 2025 earnings at $1.44 EPS, Q3 2025 earnings at $1.37 EPS, Q4 2025 earnings at $1.74 EPS, FY2025 earnings at $5.64 EPS, Q1 2026 earnings at $1.29 EPS, Q2 2026 earnings at $1.63 EPS and Q3 2026 earnings at $1.53 EPS.
Other equities research analysts have also issued research reports about the stock. Truist Financial decreased their price objective on shares of Strategic Education from $145.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday, October 16th. StockNews.com downgraded shares of Strategic Education from a "buy" rating to a "hold" rating in a report on Saturday, October 5th. BMO Capital Markets lowered their price objective on shares of Strategic Education from $130.00 to $125.00 and set an "outperform" rating on the stock in a research report on Thursday, August 1st. Finally, Barrington Research reissued an "outperform" rating and set a $135.00 target price on shares of Strategic Education in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Strategic Education has a consensus rating of "Moderate Buy" and a consensus price target of $126.00.
View Our Latest Stock Report on Strategic Education
Strategic Education Price Performance
Shares of STRA stock traded up $0.12 on Monday, hitting $99.52. The stock had a trading volume of 249,588 shares, compared to its average volume of 131,461. The business has a 50 day moving average of $91.32 and a 200 day moving average of $101.56. Strategic Education has a 12-month low of $85.11 and a 12-month high of $123.62. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 18.93, a price-to-earnings-growth ratio of 1.38 and a beta of 0.57.
Strategic Education (NASDAQ:STRA - Get Free Report) last posted its earnings results on Thursday, November 7th. The health services provider reported $1.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.35. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The company had revenue of $305.96 million for the quarter, compared to analyst estimates of $301.62 million. During the same quarter 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.
Strategic Education Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, December 2nd will be paid a $0.60 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.41%. Strategic Education's payout ratio is 45.71%.
Institutional Trading of Strategic Education
Institutional investors have recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Strategic Education in the second quarter worth about $36,000. Meeder Asset Management Inc. purchased a new stake in shares of Strategic Education in the second quarter worth $36,000. CWM LLC boosted its stake in Strategic Education by 2,650.0% during the second quarter. CWM LLC now owns 330 shares of the health services provider's stock valued at $37,000 after buying an additional 318 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Strategic Education during the third quarter worth about $37,000. Finally, Innealta Capital LLC bought a new position in Strategic Education in the 2nd quarter worth about $38,000. 93.27% of the stock is currently owned by hedge funds and other institutional investors.
Strategic Education Company Profile
(
Get Free Report)
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.
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