What is Zacks Research's Forecast for STRA FY2024 Earnings?

Strategic Education, Inc. (NASDAQ:STRA - Free Report) - Investment analysts at Zacks Research raised their FY2024 earnings estimates for Strategic Education in a research note issued to investors on Wednesday, January 15th. Zacks Research analyst R. Department now expects that the health services provider will post earnings per share of $4.78 for the year, up from their prior estimate of $4.77. The consensus estimate for Strategic Education's current full-year earnings is $4.79 per share.

STRA has been the topic of several other reports. Barrington Research reissued an "outperform" rating and set a $135.00 price target on shares of Strategic Education in a research report on Thursday, November 7th. StockNews.com downgraded Strategic Education from a "buy" rating to a "hold" rating in a report on Saturday, October 5th. Finally, Truist Financial reduced their price target on shares of Strategic Education from $145.00 to $120.00 and set a "buy" rating for the company in a research report on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $126.00.

Strategic Education Stock Down 0.2 %

Shares of STRA traded down $0.16 during mid-day trading on Friday, reaching $96.98. The company's stock had a trading volume of 124,018 shares, compared to its average volume of 102,456. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of 1.08 and a beta of 0.58. The business has a fifty day moving average of $96.32 and a 200 day moving average of $97.03. Strategic Education has a 1 year low of $85.11 and a 1 year high of $123.62.

Strategic Education (NASDAQ:STRA - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The health services provider reported $1.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.35. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The business had revenue of $305.96 million for the quarter, compared to analyst estimates of $301.62 million. During the same quarter in the previous year, the business earned $0.97 earnings per share. The firm's revenue was up 7.0% compared to the same quarter last year.

Institutional Investors Weigh In On Strategic Education

Several large investors have recently made changes to their positions in STRA. International Assets Investment Management LLC grew its position in Strategic Education by 10,374.4% in the third quarter. International Assets Investment Management LLC now owns 199,538 shares of the health services provider's stock worth $18,467,000 after acquiring an additional 197,633 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Strategic Education by 76.7% in the third quarter. JPMorgan Chase & Co. now owns 399,144 shares of the health services provider's stock worth $36,941,000 after purchasing an additional 173,225 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Strategic Education during the second quarter worth $12,231,000. Renaissance Technologies LLC increased its position in Strategic Education by 64.9% during the second quarter. Renaissance Technologies LLC now owns 251,778 shares of the health services provider's stock worth $27,862,000 after buying an additional 99,100 shares during the last quarter. Finally, Weiss Asset Management LP bought a new position in Strategic Education during the third quarter valued at about $5,635,000. Institutional investors own 93.27% of the company's stock.

Strategic Education Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.47%. Strategic Education's dividend payout ratio is 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.