Strategic Education (NASDAQ:STRA) Posts Earnings Results, Misses Expectations By $0.20 EPS

Strategic Education (NASDAQ:STRAGet Rating) released its quarterly earnings results on Thursday. The health services provider reported $0.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.20), MarketWatch Earnings reports. The business had revenue of $258.90 million for the quarter, compared to the consensus estimate of $262.06 million. Strategic Education had a net margin of 4.87% and a return on equity of 6.77%. The business’s quarterly revenue was down 10.8% on a year-over-year basis. During the same period last year, the firm posted $1.53 EPS.

Shares of NASDAQ:STRA opened at $66.86 on Friday. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 29.20, a PEG ratio of 1.35 and a beta of 0.53. Strategic Education has a 12 month low of $48.01 and a 12 month high of $83.80. The stock’s 50 day moving average price is $64.30 and its 200 day moving average price is $61.44. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.88 and a quick ratio of 1.88.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 6th. Investors of record on Friday, May 27th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, May 26th. This represents a $2.40 annualized dividend and a yield of 3.59%. Strategic Education’s payout ratio is 104.80%.

In other Strategic Education news, CFO Daniel Wayne Jackson sold 5,959 shares of Strategic Education stock in a transaction that occurred on Monday, February 14th. The shares were sold at an average price of $53.79, for a total transaction of $320,534.61. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Robert S. Silberman acquired 13,001 shares of the stock in a transaction on Monday, February 28th. The shares were purchased at an average price of $60.24 per share, for a total transaction of $783,180.24. The disclosure for this purchase can be found here. 2.50% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of STRA. Morgan Stanley grew its holdings in shares of Strategic Education by 549.3% during the 2nd 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 in the last quarter. Geode Capital Management LLC grew its holdings in shares of Strategic Education by 11.9% during the 4th quarter. Geode Capital Management LLC now owns 413,691 shares of the health services provider’s stock valued at $23,927,000 after acquiring an additional 43,875 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Strategic Education by 41.3% during the 4th quarter. Invesco Ltd. now owns 97,462 shares of the health services provider’s stock valued at $5,637,000 after acquiring an additional 28,492 shares in the last quarter. State Street Corp lifted its stake in shares of Strategic Education by 4.5% in the 4th quarter. State Street Corp now owns 833,941 shares of the health services provider’s stock valued at $48,235,000 after purchasing an additional 35,570 shares during the last quarter. Finally, Credit Suisse AG lifted its stake in shares of Strategic Education by 8.1% in the 4th quarter. Credit Suisse AG now owns 23,556 shares of the health services provider’s stock valued at $1,362,000 after purchasing an additional 1,756 shares during the last quarter. Institutional investors and hedge funds own 96.94% of the company’s stock.

A number of equities research analysts have recently weighed in on STRA shares. Zacks Investment Research cut Strategic Education from a “hold” rating to a “strong sell” rating and set a $55.00 price target on the stock. in a report on Thursday, March 3rd. StockNews.com began coverage on Strategic Education in a report on Thursday, March 31st. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Strategic Education has a consensus rating of “Hold” and a consensus price target of $75.20.

Strategic Education Company Profile (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.

See Also

Earnings History for Strategic Education (NASDAQ:STRA)

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