Zacks Research Has Positive Outlook of STRA FY2024 Earnings

Strategic Education, Inc. (NASDAQ:STRA) – Analysts at Zacks Research boosted their FY2024 earnings estimates for shares of Strategic Education in a research report issued on Thursday, November 21st. Zacks Research analyst R. Department now anticipates that the health services provider will post earnings per share of $4.77 for the year, up from their prior estimate of $4.69. The consensus estimate for Strategic Education’s current full-year earnings is $4.76 per share. Zacks Research also issued estimates for Strategic Education’s Q4 2024 earnings at $1.17 EPS, Q1 2025 earnings at $1.08 EPS, Q2 2025 earnings at $1.44 EPS, Q3 2025 earnings at $1.37 EPS, Q4 2025 earnings at $1.74 EPS, FY2025 earnings at $5.64 EPS, Q1 2026 earnings at $1.29 EPS, Q2 2026 earnings at $1.63 EPS and Q3 2026 earnings at $1.53 EPS.

Strategic Education (NASDAQ:STRA) last announced its earnings results on Thursday, November 7th. The health services provider reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.35. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The business had revenue of $305.96 million for the quarter, compared to analyst estimates of $301.62 million. During the same quarter last year, the business earned $0.97 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year.

Other analysts have also recently issued reports about the company. BMO Capital Markets dropped their price target on Strategic Education from $130.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, August 1st. Barrington Research reaffirmed an “outperform” rating and set a $135.00 target price on shares of Strategic Education in a report on Thursday, November 7th. StockNews.com downgraded shares of Strategic Education from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th. Finally, Truist Financial dropped their price objective on shares of Strategic Education from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.00.

Strategic Education Trading Up 2.8 %

STRA stock opened at $99.40 on Monday. The business’s 50-day moving average is $91.32 and its 200 day moving average is $101.56. Strategic Education has a 12-month low of $85.11 and a 12-month high of $123.62. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 1.35 and a beta of 0.57.

Strategic Education Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Monday, December 2nd. Strategic Education’s dividend payout ratio (DPR) is presently 45.71%.

Hedge Funds Weigh In On Strategic Education

Institutional investors and hedge funds have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Strategic Education during the 2nd quarter worth about $36,000. Meeder Asset Management Inc. acquired a new position in shares of Strategic Education in the 2nd quarter worth approximately $36,000. CWM LLC boosted its position in shares of Strategic Education by 2,650.0% during the 2nd quarter. CWM LLC now owns 330 shares of the health services provider’s stock worth $37,000 after purchasing an additional 318 shares during the period. Innealta Capital LLC purchased a new position in shares of Strategic Education during the 2nd quarter worth approximately $38,000. Finally, Rothschild Investment LLC purchased a new stake in Strategic Education in the second quarter valued at approximately $38,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

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.