FY2024 EPS Estimates for Stride, Inc. Increased by Barrington Research (NYSE:LRN)

Stride, Inc. (NYSE:LRN) – Barrington Research upped their FY2024 earnings estimates for Stride in a report released on Wednesday, April 24th. Barrington Research analyst A. Paris now anticipates that the company will post earnings per share of $4.52 for the year, up from their prior estimate of $4.25. Barrington Research currently has a “Outperform” rating and a $75.00 price objective on the stock. The consensus estimate for Stride’s current full-year earnings is $4.31 per share. Barrington Research also issued estimates for Stride’s Q4 2024 earnings at $1.28 EPS and FY2025 earnings at $5.00 EPS.

Stride (NYSE:LRN) last issued its earnings results on Tuesday, April 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.13. Stride had a net margin of 9.29% and a return on equity of 18.86%. The firm had revenue of $520.84 million during the quarter, compared to analysts’ expectations of $507.89 million. During the same quarter last year, the company posted $1.30 earnings per share. The firm’s revenue was up 10.7% compared to the same quarter last year.

LRN has been the topic of a number of other reports. BMO Capital Markets boosted their price target on shares of Stride from $72.00 to $73.00 and gave the stock an “outperform” rating in a research report on Thursday. Citigroup boosted their price target on shares of Stride from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. StockNews.com downgraded shares of Stride from a “buy” rating to a “hold” rating in a research note on Thursday. Wedbush reaffirmed an “outperform” rating on shares of Stride in a research note on Wednesday, January 24th. Finally, Morgan Stanley lifted their target price on shares of Stride from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $72.00.

Stride Stock Performance

LRN opened at $66.35 on Thursday. The firm has a market capitalization of $2.88 billion, a PE ratio of 15.58, a PEG ratio of 0.67 and a beta of 0.26. Stride has a twelve month low of $35.61 and a twelve month high of $69.70. The firm’s 50-day moving average price is $60.32 and its 200 day moving average price is $58.29. The company has a current ratio of 4.52, a quick ratio of 4.44 and a debt-to-equity ratio of 0.43.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ronald Blue Trust Inc. grew its holdings in Stride by 348.1% during the 3rd quarter. Ronald Blue Trust Inc. now owns 578 shares of the company’s stock worth $26,000 after acquiring an additional 449 shares in the last quarter. McGlone Suttner Wealth Management Inc. acquired a new position in Stride during the 4th quarter worth approximately $29,000. McIlrath & Eck LLC acquired a new position in Stride during the 3rd quarter worth approximately $31,000. Strs Ohio acquired a new position in Stride during the 4th quarter worth approximately $47,000. Finally, GAMMA Investing LLC acquired a new position in Stride during the 4th quarter worth approximately $65,000. Institutional investors and hedge funds own 98.24% of the company’s stock.

Stride Company Profile

Stride, Inc, a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally.