Zacks Research Has Positive Outlook of STRA FY2024 Earnings

Strategic Education, Inc. (NASDAQ:STRA) – Zacks Research boosted their FY2024 EPS estimates for shares of Strategic Education in a report issued on Wednesday, January 15th. Zacks Research analyst R. Department now anticipates that the health services provider will post earnings per share of $4.78 for the year, up from their previous forecast of $4.77. The consensus estimate for Strategic Education’s current full-year earnings is $4.79 per share.

Strategic Education (NASDAQ:STRA) last announced its quarterly earnings data 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. The business had revenue of $305.96 million for the quarter, compared to the consensus estimate of $301.62 million. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.97 earnings per share.

Several other equities analysts also recently weighed in on the company. Truist Financial reduced their target price on Strategic Education from $145.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. StockNews.com lowered shares of Strategic Education from a “buy” rating to a “hold” rating in a report on Saturday, October 5th. Finally, Barrington Research restated an “outperform” rating and issued a $135.00 target price on shares of Strategic Education in a report on Thursday, November 7th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $126.00.

Strategic Education Stock Down 0.2 %

Shares of Strategic Education stock opened at $96.98 on Friday. Strategic Education has a fifty-two week low of $85.11 and a fifty-two week high of $123.62. The business’s fifty day moving average is $96.26 and its two-hundred day moving average is $96.94. The firm has a market cap of $2.38 billion, a PE ratio of 18.47, a P/E/G ratio of 1.08 and a beta of 0.58.

Institutional Trading of Strategic Education

A number of institutional investors have recently modified their holdings of STRA. International Assets Investment Management LLC lifted its position in Strategic Education by 10,374.4% during the third quarter. International Assets Investment Management LLC now owns 199,538 shares of the health services provider’s stock valued at $18,467,000 after buying an additional 197,633 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Strategic Education by 76.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 399,144 shares of the health services provider’s stock valued at $36,941,000 after acquiring an additional 173,225 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Strategic Education during the 2nd quarter worth $12,231,000. Renaissance Technologies LLC increased its holdings in Strategic Education by 64.9% in the 2nd quarter. Renaissance Technologies LLC now owns 251,778 shares of the health services provider’s stock valued at $27,862,000 after purchasing an additional 99,100 shares in the last quarter. Finally, Weiss Asset Management LP purchased a new position in Strategic Education in the third quarter valued at about $5,635,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Strategic Education Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend was Monday, December 2nd. Strategic Education’s dividend payout ratio is currently 45.71%.

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.