$279.89 Million in Sales Expected for Strategic Education, Inc. (NASDAQ:STRA) This Quarter

Brokerages expect Strategic Education, Inc. (NASDAQ:STRA – Get Rating) to announce $279.89 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Strategic Education’s earnings. The highest sales estimate is $283.40 million and the lowest is $276.38 million. Strategic Education posted sales of $299.17 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 6.4%. The business is expected to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Strategic Education will report full year sales of $1.08 billion for the current fiscal year. For the next fiscal year, analysts forecast that the business will report sales of $1.12 billion, with estimates ranging from $1.11 billion to $1.13 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Strategic Education.

Strategic Education (NASDAQ:STRA – Get Rating) last released its quarterly earnings data on Thursday, April 28th. The health services provider reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.20). The company had revenue of $258.90 million for the quarter, compared to analysts’ expectations of $262.06 million. Strategic Education had a net margin of 4.78% and a return on equity of 5.38%. The business’s quarterly revenue was down 10.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.53 EPS.

STRA has been the subject of a number of recent research reports. Zacks Investment Research upgraded Strategic Education from a “strong sell” rating to a “hold” rating and set a $68.00 price objective for the company in a research note on Monday, May 2nd. StockNews.com initiated coverage on Strategic Education in a research note on Thursday, March 31st. They issued a “hold” rating for the company.

In other news, CEO Raymond Karl Mcdonnell sold 20,837 shares of the business’s stock in a transaction that occurred on Monday, February 14th. The stock was sold at an average price of $53.77, for a total transaction of $1,120,405.49. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Daniel Wayne Jackson sold 5,959 shares of the business’s 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.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in STRA. FMR LLC lifted its holdings 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 acquiring an additional 166,627 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its holdings in Strategic Education by 229.7% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 5,934 shares of the health services provider’s stock valued at $780,000 after acquiring an additional 4,134 shares during the last quarter. Morgan Stanley lifted its holdings 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. PNC Financial Services Group Inc. lifted its holdings in Strategic Education by 159.7% in the third quarter. PNC Financial Services Group Inc. now owns 953 shares of the health services provider’s stock valued at $66,000 after acquiring an additional 586 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in Strategic Education by 1.2% in the third quarter. Swiss National Bank now owns 51,738 shares of the health services provider’s stock valued at $3,648,000 after acquiring an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 94.74% of the company’s stock.

NASDAQ STRA opened at $62.88 on Wednesday. The stock has a 50-day simple moving average of $65.77 and a two-hundred day simple moving average of $61.04. The firm has a market capitalization of $1.57 billion, a P/E ratio of 28.84, a PEG ratio of 1.39 and a beta of 0.51. Strategic Education has a fifty-two week low of $48.01 and a fifty-two week high of $83.34. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.88 and a current ratio of 1.64.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 6th. Shareholders of record on Friday, May 27th will be paid a dividend of $0.60 per share. The ex-dividend date is Thursday, May 26th. This represents a $2.40 annualized dividend and a yield of 3.82%. Strategic Education’s dividend payout ratio (DPR) is currently 110.09%.

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.

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