FY2024 EPS Estimates for Stride, Inc. (NYSE:LRN) Raised by Analyst

Stride, Inc. (NYSE:LRN) – Research analysts at William Blair boosted their FY2024 earnings estimates for Stride in a research note issued to investors on Wednesday, April 24th. William Blair analyst S. Sheldon now forecasts that the company will earn $4.60 per share for the year, up from their previous forecast of $4.25. The consensus estimate for Stride’s current full-year earnings is $4.31 per share. William Blair also issued estimates for Stride’s Q4 2024 earnings at $1.34 EPS, Q1 2025 earnings at $0.23 EPS, Q2 2025 earnings at $1.67 EPS, Q3 2025 earnings at $1.73 EPS and Q4 2025 earnings at $1.41 EPS.

Stride (NYSE:LRN) last posted its quarterly 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 for the quarter, compared to analyst estimates of $507.89 million. During the same period in the prior year, the firm posted $1.30 earnings per share. The company’s quarterly revenue was up 10.7% compared to the same quarter last year.

A number of other equities research analysts also recently issued reports on the stock. Barrington Research reiterated an “outperform” rating and set a $75.00 price objective on shares of Stride in a research note on Wednesday. StockNews.com downgraded shares of Stride from a “buy” rating to a “hold” rating in a research note on Thursday. BMO Capital Markets raised their price target on shares of Stride from $72.00 to $73.00 and gave the company an “outperform” rating in a research note on Thursday. Citigroup raised their price target on shares of Stride from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Finally, Morgan Stanley raised their price objective on shares of Stride from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $72.00.

Stride Trading Up 4.9 %

LRN stock opened at $66.35 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 4.44 and a current ratio of 4.52. The company’s 50-day simple moving average is $60.32 and its 200 day simple moving average is $58.29. Stride has a 52 week low of $35.61 and a 52 week high of $69.70. The company has a market capitalization of $2.88 billion, a PE ratio of 15.58, a price-to-earnings-growth ratio of 0.67 and a beta of 0.26.

Institutional Investors Weigh In On Stride

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ronald Blue Trust Inc. boosted its stake in Stride by 348.1% in the third quarter. Ronald Blue Trust Inc. now owns 578 shares of the company’s stock worth $26,000 after buying an additional 449 shares in the last quarter. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Stride during the fourth quarter valued at approximately $29,000. McIlrath & Eck LLC purchased a new stake in shares of Stride during the third quarter valued at approximately $31,000. Strs Ohio purchased a new stake in shares of Stride during the fourth quarter valued at approximately $47,000. Finally, GAMMA Investing LLC purchased a new stake in shares of Stride during the fourth quarter valued at approximately $65,000. 98.24% of the stock is currently owned by institutional investors.

About Stride

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.