Strategic Education (STRA) Scheduled to Post Earnings on Thursday

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

Strategic Education (NASDAQ:STRA) last posted its quarterly earnings data on Thursday, February 29th. The health services provider reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.34. Strategic Education had a return on equity of 5.52% and a net margin of 6.16%. The firm had revenue of $302.70 million for the quarter, compared to analysts’ expectations of $297.48 million. During the same period in the previous year, the firm earned $0.78 EPS. The business’s quarterly revenue 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 Trading Up 0.8 %

Shares of STRA opened at $98.85 on Tuesday. Strategic Education has a 1 year low of $64.53 and a 1 year high of $111.95. The company has a 50 day simple moving average of $100.81 and a two-hundred day simple moving average of $93.54. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.57 and a quick ratio of 1.57. The firm has a market cap of $2.43 billion, a P/E ratio of 34.09, a price-to-earnings-growth ratio of 1.17 and a beta of 0.50.

Strategic Education Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 11th were paid a dividend of $0.60 per share. The ex-dividend date was Friday, March 8th. This represents a $2.40 annualized dividend and a yield of 2.43%. Strategic Education’s payout ratio is currently 82.76%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on STRA shares. Barrington Research restated an “outperform” rating and set a $125.00 price objective on shares of Strategic Education in a report on Tuesday, April 9th. Bank of America raised their price objective on Strategic Education from $104.00 to $124.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Truist Financial upgraded shares of Strategic Education from a “hold” rating to a “buy” rating and increased their price objective for the stock from $110.00 to $125.00 in a research note on Wednesday, April 17th. BMO Capital Markets upped their price objective on Strategic Education from $103.00 to $123.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Finally, StockNews.com lowered shares of Strategic Education from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Strategic Education presently has an average rating of “Moderate Buy” and a consensus target price of $124.25.

Insider Activity at Strategic Education

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

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. 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.