Strategic Education, Inc. (NASDAQ:STRA – Free Report) – Stock analysts at Barrington Research lifted their FY2023 earnings estimates for Strategic Education in a research report issued on Thursday, November 2nd. Barrington Research analyst A. Paris now forecasts that the health services provider will post earnings per share of $3.35 for the year, up from their previous forecast of $3.05. Barrington Research has a “Outperform” rating and a $100.00 price objective on the stock. The consensus estimate for Strategic Education’s current full-year earnings is $3.21 per share. Barrington Research also issued estimates for Strategic Education’s Q4 2023 earnings at $1.30 EPS and FY2024 earnings at $4.25 EPS.
A number of other equities analysts have also weighed in on STRA. Truist Financial restated a “hold” rating and issued a $85.00 price objective on shares of Strategic Education in a report on Tuesday, September 19th. StockNews.com began coverage on shares of Strategic Education in a research report on Thursday, October 5th. They issued a “hold” rating for the company. Finally, Bank of America raised shares of Strategic Education from a “neutral” rating to a “buy” rating and cut their target price for the stock from $99.00 to $90.00 in a research report on Friday, August 18th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $90.75.
Strategic Education Price Performance
Shares of NASDAQ STRA opened at $87.06 on Monday. Strategic Education has a twelve month low of $64.53 and a twelve month high of $98.22. The firm has a market cap of $2.13 billion, a P/E ratio of 42.68, a PEG ratio of 1.42 and a beta of 0.52. The company has a 50 day moving average of $78.45 and a 200 day moving average of $76.81. The company has a quick ratio of 1.45, a current ratio of 1.32 and a debt-to-equity ratio of 0.04.
Hedge Funds Weigh In On Strategic Education
Several institutional investors have recently bought and sold shares of STRA. Rice Hall James & Associates LLC lifted its position in Strategic Education by 3.2% during the first quarter. Rice Hall James & Associates LLC now owns 276,273 shares of the health services provider’s stock valued at $18,339,000 after purchasing an additional 8,438 shares during the period. Bank of New York Mellon Corp raised its position in shares of Strategic Education by 3.1% in the first quarter. Bank of New York Mellon Corp now owns 420,922 shares of the health services provider’s stock worth $27,940,000 after acquiring an additional 12,646 shares during the period. US Bancorp DE raised its position in shares of Strategic Education by 585.2% in the first quarter. US Bancorp DE now owns 1,295 shares of the health services provider’s stock worth $86,000 after acquiring an additional 1,106 shares during the period. Citigroup Inc. increased its stake in shares of Strategic Education by 9.7% during the first quarter. Citigroup Inc. now owns 19,819 shares of the health services provider’s stock worth $1,316,000 after purchasing an additional 1,746 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Strategic Education by 16.0% during the first quarter. PNC Financial Services Group Inc. now owns 1,441 shares of the health services provider’s stock worth $95,000 after purchasing an additional 199 shares in the last quarter. 97.53% of the stock is owned by hedge funds and other institutional investors.
Strategic Education Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 27th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Friday, November 24th. Strategic Education’s dividend payout ratio is presently 117.65%.
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. 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, 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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