Strategic Education (STRA) to Release Quarterly Earnings on Thursday

Strategic Education (NASDAQ:STRA) is scheduled to post its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect Strategic Education to post earnings of $0.74 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Strategic Education (NASDAQ:STRA) last announced its earnings results on Thursday, February 29th. The health services provider reported $1.68 EPS for the quarter, topping the consensus estimate of $1.34 by $0.34. Strategic Education had a net margin of 6.16% and a return on equity of 5.52%. The company had revenue of $302.70 million during the quarter, compared to analysts’ expectations of $297.48 million. During the same period last year, the company posted $0.78 earnings per share. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, analysts expect Strategic Education to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Strategic Education Stock Performance

Shares of STRA opened at $98.07 on Thursday. Strategic Education has a one year low of $64.53 and a one year high of $111.95. The company has a 50-day moving average of $100.79 and a two-hundred day moving average of $92.97. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of 33.82, a PEG ratio of 1.16 and a beta of 0.50. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.57 and a quick ratio of 1.57.

Strategic Education Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 11th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.45%. The ex-dividend date was Friday, March 8th. Strategic Education’s dividend payout ratio is currently 82.76%.

Insider Activity at Strategic Education

In related news, CEO Raymond Karl Mcdonnell sold 12,820 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $95.99, for a total transaction of $1,230,591.80. Following the transaction, the chief executive officer now owns 161,359 shares of the company’s stock, valued at $15,488,850.41. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CFO Daniel Wayne Jackson sold 3,713 shares of Strategic Education stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $95.95, for a total value of $356,262.35. Following the transaction, the chief financial officer now owns 71,770 shares of the company’s stock, valued at $6,886,331.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Raymond Karl Mcdonnell sold 12,820 shares of Strategic Education stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $95.99, for a total transaction of $1,230,591.80. Following the completion of the transaction, the chief executive officer now directly owns 161,359 shares in the company, valued at approximately $15,488,850.41. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On Strategic Education

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rice Hall James & Associates LLC boosted its stake 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 worth $18,339,000 after buying an additional 8,438 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Strategic Education by 3.1% during 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 buying an additional 12,646 shares in the last quarter. US Bancorp DE boosted its stake in Strategic Education by 585.2% during the first quarter. US Bancorp DE now owns 1,295 shares of the health services provider’s stock worth $86,000 after buying an additional 1,106 shares in the last quarter. Citigroup Inc. boosted its stake in 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 buying an additional 1,746 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in 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 buying an additional 199 shares in the last quarter. Institutional investors own 93.27% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on STRA shares. TheStreet upgraded shares of Strategic Education from a “c+” rating to a “b” rating in a report on Thursday, February 29th. Bank of America raised their price target on shares of Strategic Education from $104.00 to $124.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. StockNews.com cut shares of Strategic Education from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. BMO Capital Markets raised their price target on shares of Strategic Education from $103.00 to $123.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Finally, Truist Financial upgraded shares of Strategic Education from a “hold” rating to a “buy” rating and raised their price target for the stock from $110.00 to $125.00 in a report on Wednesday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $124.25.

About Strategic Education

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.