Stride (LRN) Scheduled to Post Quarterly Earnings on Tuesday

Stride (NYSE:LRN) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, April 23rd. Analysts expect the company to announce earnings of $1.47 per share for the quarter. Stride has set its Q3 2024 guidance at EPS and its FY 2024 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.

Stride (NYSE:LRN) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.23. The firm had revenue of $504.87 million during the quarter, compared to analysts’ expectations of $498.05 million. Stride had a net margin of 8.80% and a return on equity of 17.77%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.19 earnings per share. On average, analysts expect Stride to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Stride Trading Down 1.3 %

Shares of LRN stock opened at $56.53 on Friday. 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 stock has a market capitalization of $2.45 billion, a P/E ratio of 14.28, a price-to-earnings-growth ratio of 0.66 and a beta of 0.26. The company has a 50 day moving average price of $60.38 and a 200 day moving average price of $57.98. Stride has a fifty-two week low of $35.61 and a fifty-two week high of $69.70.

Wall Street Analysts Forecast Growth

LRN has been the subject of a number of research reports. Wedbush restated an “outperform” rating on shares of Stride in a report on Wednesday, January 24th. StockNews.com upgraded shares of Stride from a “hold” rating to a “buy” rating in a report on Tuesday, April 2nd. Barrington Research reiterated an “outperform” rating and set a $75.00 price target on shares of Stride in a report on Wednesday. Morgan Stanley boosted their price target on shares of Stride from $60.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Finally, Citigroup boosted their price target on shares of Stride from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, January 29th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $71.75.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. UBS Group AG purchased a new stake in Stride in the 2nd quarter valued at $30,000. Tower Research Capital LLC TRC raised its position in Stride by 51.7% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,015 shares of the company’s stock worth $40,000 after buying an additional 346 shares during the last quarter. Quarry LP raised its position in Stride by 138.5% during the 1st quarter. Quarry LP now owns 1,052 shares of the company’s stock worth $41,000 after buying an additional 611 shares during the last quarter. Advisor Group Holdings Inc. raised its position in Stride by 40.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,050 shares of the company’s stock worth $120,000 after buying an additional 591 shares during the last quarter. Finally, US Bancorp DE raised its position in Stride by 726.9% during the 4th quarter. US Bancorp DE now owns 2,679 shares of the company’s stock worth $159,000 after buying an additional 2,355 shares during the last quarter. Institutional investors and hedge funds own 98.24% of the company’s stock.

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.