Strategic Education (STRA) Expected to Announce Quarterly Earnings on Thursday

Strategic Education (NASDAQ:STRA) is projected to release its earnings data before the market opens on Thursday, April 24th. Analysts expect Strategic Education to post earnings of $1.01 per share and revenue of $300.67 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Strategic Education (NASDAQ:STRA) last announced its earnings results on Thursday, February 27th. The health services provider reported $1.27 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.10). Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The company had revenue of $311.46 million during the quarter, compared to the consensus estimate of $315.18 million. 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 Price Performance

STRA opened at $78.67 on Thursday. The stock has a market capitalization of $1.94 billion, a P/E ratio of 14.98, a price-to-earnings-growth ratio of 1.22 and a beta of 0.58. The company’s 50 day simple moving average is $86.33 and its 200-day simple moving average is $91.52. Strategic Education has a one year low of $74.28 and a one year high of $123.62.

Strategic Education Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a $0.60 dividend. The ex-dividend date was Monday, March 10th. This represents a $2.40 dividend on an annualized basis and a yield of 3.05%. Strategic Education’s payout ratio is 51.39%.

Insider Activity

In other Strategic Education news, General Counsel Lizette Benedi Herraiz sold 1,452 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $82.21, for a total value of $119,368.92. Following the sale, the general counsel now directly owns 61,716 shares in the company, valued at approximately $5,073,672.36. This trade represents a 2.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Raymond Karl Mcdonnell sold 31,855 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $97.83, for a total transaction of $3,116,374.65. Following the completion of the transaction, the chief executive officer now directly owns 140,281 shares of the company’s stock, valued at $13,723,690.23. This trade represents a 18.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 39,332 shares of company stock valued at $3,825,169 in the last 90 days. 3.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. StockNews.com lowered Strategic Education from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. BMO Capital Markets cut their target price on shares of Strategic Education from $114.00 to $97.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $120.00 target price on shares of Strategic Education in a research note on Tuesday.

About Strategic Education

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.