Strategic Education, Inc. (NASDAQ:STRA - Free Report) - Zacks Research raised their Q4 2024 earnings per share (EPS) estimates for shares of Strategic Education in a research note issued on Wednesday, January 15th. Zacks Research analyst R. Department now anticipates that the health services provider will post earnings of $1.18 per share for the quarter, up from their previous estimate of $1.17. The consensus estimate for Strategic Education's current full-year earnings is $4.79 per share.
A number of other equities research analysts have also commented on the company. Truist Financial dropped their price target on Strategic Education from $145.00 to $120.00 and set a "buy" rating on the stock in a research report on Wednesday, October 16th. Barrington Research restated an "outperform" rating and set a $135.00 target price on shares of Strategic Education in a report on Thursday, November 7th. Finally, StockNews.com cut shares of Strategic Education from a "buy" rating to a "hold" rating in a report on Saturday, October 5th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $126.00.
View Our Latest Stock Report on Strategic Education
Strategic Education Stock Down 0.2 %
Strategic Education stock traded down $0.16 during mid-day trading on Monday, hitting $96.98. 124,018 shares of the company's stock were exchanged, compared to its average volume of 104,951. Strategic Education has a fifty-two week low of $85.11 and a fifty-two week high of $123.62. The firm has a market capitalization of $2.38 billion, a P/E ratio of 18.47, a PEG ratio of 1.08 and a beta of 0.58. The company's 50 day simple moving average is $96.26 and its 200-day simple moving average is $96.77.
Strategic Education (NASDAQ:STRA - Get Free Report) last issued its earnings results on Thursday, November 7th. The health services provider reported $1.16 EPS for the quarter, beating the consensus estimate of $0.81 by $0.35. The firm had revenue of $305.96 million during the quarter, compared to the consensus estimate of $301.62 million. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The business's quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.97 earnings per share.
Strategic Education Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were issued a $0.60 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.47%. Strategic Education's dividend payout ratio (DPR) is presently 45.71%.
Institutional Trading of Strategic Education
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Thrivent Financial for Lutherans grew its stake in Strategic Education by 19.7% in the third quarter. Thrivent Financial for Lutherans now owns 43,755 shares of the health services provider's stock valued at $4,050,000 after purchasing an additional 7,203 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Strategic Education by 76.7% in the third quarter. JPMorgan Chase & Co. now owns 399,144 shares of the health services provider's stock valued at $36,941,000 after buying an additional 173,225 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Strategic Education by 11.5% during the third quarter. Principal Financial Group Inc. now owns 120,628 shares of the health services provider's stock worth $11,164,000 after buying an additional 12,437 shares during the last quarter. Intech Investment Management LLC bought a new stake in Strategic Education during the third quarter worth $702,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Strategic Education by 7.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 313,727 shares of the health services provider's stock valued at $29,035,000 after acquiring an additional 20,389 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company's stock.
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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