Stride (LRN) to Release Quarterly Earnings on Tuesday

Stride (NYSE:LRN) is expected to release its earnings data after the market closes on Tuesday, January 28th. Analysts expect Stride to post earnings of $1.92 per share and revenue of $569,760.00 billion for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Stride (NYSE:LRN) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.72. The company had revenue of $551.08 million for the quarter, compared to analyst estimates of $504.29 million. Stride had a net margin of 11.38% and a return on equity of 21.23%. Stride’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.11 earnings per share. On average, analysts expect Stride to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Stride Stock Performance

NYSE LRN opened at $113.90 on Tuesday. The company has a market capitalization of $4.96 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 0.84 and a beta of 0.32. The company has a quick ratio of 5.50, a current ratio of 5.60 and a debt-to-equity ratio of 0.38. Stride has a twelve month low of $54.81 and a twelve month high of $115.42. The stock has a fifty day simple moving average of $106.69 and a 200 day simple moving average of $89.12.

Insider Buying and Selling

In other news, Director Todd Goldthwaite sold 8,028 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $91.54, for a total transaction of $734,883.12. Following the completion of the sale, the director now owns 85,058 shares in the company, valued at $7,786,209.32. The trade was a 8.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Citigroup raised their price objective on Stride from $90.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. StockNews.com lowered shares of Stride from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Canaccord Genuity Group upped their price objective on shares of Stride from $94.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. BMO Capital Markets lifted their target price on shares of Stride from $84.00 to $88.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Barrington Research upped their price target on shares of Stride from $100.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Stride presently has a consensus rating of “Moderate Buy” and an average target price of $102.50.

About Stride

Stride, Inc, a technology-based education service company, engages in the provision of proprietary and third-party online curriculum, software systems, and educational services in the United States and internationally. Its technology-based products and services enable clients to attract, enroll, educate, track progress, support, and facilitate individualized learning for students.