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

Stride, Inc. (NYSE:LRN) – Investment analysts at William Blair lifted their FY2024 earnings per share estimates for shares of Stride in a note issued to investors on Wednesday, April 24th. William Blair analyst S. Sheldon now anticipates that the company will post earnings of $4.60 per share for the year, up from their prior estimate of $4.25. The consensus estimate for Stride’s current full-year earnings is $4.52 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.

Other equities research analysts have also issued reports about the stock. Citigroup upped their price target on shares of Stride from $70.00 to $75.00 and gave the company a “buy” rating in a report on Monday, January 29th. Morgan Stanley lifted their price target on Stride from $60.00 to $65.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. BMO Capital Markets upped their price objective on Stride from $72.00 to $73.00 and gave the stock an “outperform” rating in a research report on Thursday. Barrington Research reiterated an “outperform” rating and issued a $75.00 target price on shares of Stride in a research note on Wednesday. Finally, StockNews.com downgraded shares of Stride from a “buy” rating to a “hold” rating in a report on Thursday. 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.com, Stride presently has an average rating of “Moderate Buy” and a consensus target price of $72.00.

Stride Stock Performance

Shares of NYSE LRN opened at $67.08 on Thursday. The stock has a market cap of $2.91 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 0.70 and a beta of 0.26. Stride has a 12 month low of $35.61 and a 12 month high of $69.70. The company has a 50 day simple moving average of $60.45 and a two-hundred day simple moving average of $58.34. The company has a current ratio of 4.29, a quick ratio of 4.44 and a debt-to-equity ratio of 0.40.

Stride (NYSE:LRN) last released its earnings results on Tuesday, April 23rd. The company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.13. Stride had a return on equity of 18.29% and a net margin of 9.29%. The firm had revenue of $520.84 million during the quarter, compared to the consensus estimate of $507.89 million. During the same quarter in the previous year, the company posted $1.30 earnings per share. The company’s revenue was up 10.7% compared to the same quarter last year.

Institutional Trading of Stride

A number of institutional investors and hedge funds have recently made changes to their positions in LRN. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Stride during the 4th quarter valued at approximately $29,000. Ronald Blue Trust Inc. lifted its holdings in Stride by 348.1% during the third quarter. Ronald Blue Trust Inc. now owns 578 shares of the company’s stock valued at $26,000 after purchasing an additional 449 shares in the last quarter. McIlrath & Eck LLC acquired a new stake in shares of Stride in the third quarter valued at about $31,000. Strs Ohio purchased a new stake in shares of Stride during the fourth quarter worth about $47,000. Finally, GAMMA Investing LLC purchased a new stake in Stride during the 4th quarter worth approximately $65,000. 98.24% of the stock is currently owned by hedge funds and other 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.