Strategic Education, Inc. (NASDAQ:STRA) Expected to Post Earnings of $0.81 Per Share

Wall Street analysts predict that Strategic Education, Inc. (NASDAQ:STRAGet Rating) will post $0.81 earnings per share for the current quarter, according to Zacks. Two analysts have provided estimates for Strategic Education’s earnings. The highest EPS estimate is $0.91 and the lowest is $0.70. Strategic Education reported earnings per share of $1.53 during the same quarter last year, which would suggest a negative year over year growth rate of 47.1%. The company is scheduled to report its next earnings report before the market opens on Monday, January 1st.

On average, analysts expect that Strategic Education will report full year earnings of $3.52 per share for the current year, with EPS estimates ranging from $3.42 to $3.61. For the next fiscal year, analysts expect that the business will report earnings of $3.96 per share, with EPS estimates ranging from $3.80 to $4.11. Zacks’ earnings per share averages are a mean average based on a survey of research firms that cover Strategic Education.

Strategic Education (NASDAQ:STRAGet Rating) last announced its quarterly earnings data on Friday, February 25th. The health services provider reported $1.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.33. The company had revenue of $272.10 million for the quarter, compared to analysts’ expectations of $270.59 million. Strategic Education had a net margin of 4.87% and a return on equity of 6.77%. The business’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.39 EPS.

Several brokerages have recently issued reports on STRA. assumed coverage on Strategic Education in a report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research lowered Strategic Education from a “hold” rating to a “strong sell” rating and set a $55.00 price objective on the stock. in a research note on Thursday, March 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $75.20.

NASDAQ:STRA traded down $0.35 during trading hours on Monday, hitting $71.95. 5,475 shares of the company’s stock traded hands, compared to its average volume of 186,111. The stock’s fifty day moving average price is $61.39 and its two-hundred day moving average price is $61.37. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a market cap of $1.80 billion, a P/E ratio of 31.28, a P/E/G ratio of 1.37 and a beta of 0.53. Strategic Education has a twelve month low of $48.01 and a twelve month high of $89.75.

The business also recently declared a quarterly dividend, which was paid on Monday, March 14th. Stockholders of record on Monday, March 7th were paid a $0.60 dividend. The ex-dividend date was Friday, March 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.34%. Strategic Education’s dividend payout ratio (DPR) is presently 104.80%.

In related news, Chairman Robert S. Silberman acquired 13,001 shares of the firm’s stock in a transaction on Monday, February 28th. The shares were purchased at an average cost of $60.24 per share, for a total transaction of $783,180.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Daniel Wayne Jackson sold 5,959 shares of the stock in a transaction that occurred on Monday, February 14th. The stock was sold at an average price of $53.79, for a total value of $320,534.61. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in Strategic Education by 25.2% during the third quarter. BlackRock Inc. now owns 3,747,350 shares of the health services provider’s stock valued at $264,191,000 after purchasing an additional 754,949 shares in the last quarter. Marshfield Associates raised its holdings in shares of Strategic Education by 28.1% during the 4th quarter. Marshfield Associates now owns 1,947,990 shares of the health services provider’s stock worth $112,672,000 after buying an additional 426,776 shares in the last quarter. Norges Bank bought a new stake in shares of Strategic Education during the 4th quarter worth $13,110,000. FMR LLC boosted its stake in Strategic Education by 694,279.2% in the first quarter. FMR LLC now owns 166,651 shares of the health services provider’s stock valued at $21,883,000 after buying an additional 166,627 shares in the last quarter. Finally, Morgan Stanley grew its position in Strategic Education by 549.3% in the second quarter. Morgan Stanley now owns 188,476 shares of the health services provider’s stock valued at $14,335,000 after acquiring an additional 159,448 shares during the last quarter. 96.94% of the stock is currently owned by institutional investors.

About Strategic Education (Get Rating)

Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. It operates through three segments: U.S. Higher Education, Australia/New Zealand, and Education Technology Services. The company operates Strayer University that offers undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration, and criminal justice 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 an executive MBA online through its Jack Welch Management Institute.

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