Strategic Education (STRA) Scheduled to Post Earnings on Thursday

Strategic Education (NASDAQ:STRA) will 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. 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 results on Thursday, February 29th. The health services provider reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.34. The business had revenue of $302.70 million during the quarter, compared to analysts’ expectations of $297.48 million. Strategic Education had a net margin of 6.16% and a return on equity of 5.52%. The business’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period last year, the company posted $0.78 earnings per share. 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 Up 0.8 %

Shares of NASDAQ:STRA opened at $98.85 on Tuesday. The firm has a market cap of $2.43 billion, a P/E ratio of 34.09, a PEG ratio of 1.17 and a beta of 0.50. The business’s 50 day simple moving average is $100.81 and its two-hundred day simple moving average is $93.54. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.57 and a current ratio of 1.57. Strategic Education has a 52-week low of $64.53 and a 52-week high of $111.95.

Strategic Education Announces Dividend

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

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on STRA shares. Bank of America lifted their price objective 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. Barrington Research reaffirmed an “outperform” rating and issued a $125.00 price target on shares of Strategic Education in a report on Tuesday, April 9th. StockNews.com lowered shares of Strategic Education from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Truist Financial upgraded shares of Strategic Education from a “hold” rating to a “buy” rating and lifted their price objective for the company from $110.00 to $125.00 in a research note on Wednesday, April 17th. Finally, BMO Capital Markets lifted their target price on Strategic Education from $103.00 to $123.00 and gave the company an “outperform” rating in a report on Friday, March 1st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $124.25.

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.