Wall Street analysts expect Strategic Education, Inc. (NASDAQ:STRA) to report revenue of $270.69 million for the current quarter, reports Zacks Investment Research. Two analysts released earnings estimates for Strategic Education, with the lowest sales estimate at $270.17 million and the highest estimate at $271.21 million. Strategic Education recorded sales of $267.49 million in the same quarter last year, suggesting a positive year-over-year growth rate of 1.2%. The company is expected to release its next quarterly results before the market opens on Friday, February 25.
According to Zacks, analysts expect Strategic Education to post annual revenue of $1.13 billion in the current fiscal year. For next year, analysts expect the company to record sales of $1.13 billion, with estimates ranging from $1.11 billion to $1.15 billion. Zacks Investment Research sales averages are an average based on a survey of sell-side research analysts who track strategic education.
Strategic Education (NASDAQ:STRA) last announced its results on Thursday, November 4. The healthcare provider reported earnings per share (EPS) of $0.59 for the quarter, missing Zacks’ consensus estimate of $0.84 per ($0.25). Strategic Education achieved a return on equity of 7.07% and a net margin of 3.49%. The company posted revenue of $270.10 million for the quarter, versus analyst estimates of $283.67 million. In the same quarter last year, the company posted EPS of $1.18. The company’s revenues increased by 13.0% compared to the same quarter last year.
A number of analysts have recently released reports on STRA shares. Zacks Investment Research downgraded shares of Strategic Education from a “strong sell” rating to a “hold” rating and set a target price of $62.00 on the stock in a Tuesday 4 January. Barrington Research cut its price target on Strategic Education shares from $90.00 to $75.00 and set an “outperform” rating on the stock in a Thursday, Nov. 4, research report. Finally, BMO Capital Markets lowered its target price on Strategic Education shares from $83.00 to $76.00 and set an “outperform” rating for the stock in a Monday, Nov. 8 research report.
Separately, Chairman Robert S. Silberman purchased 10,000 shares of the company in a transaction on Thursday, November 18. The shares were purchased at an average price of $57.99 per share, with a total value of $579,900.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, available on the SEC’s website. Insiders of the company own 2.00% of the shares of the company.
Several hedge funds have recently changed their holdings of STRA. BlackRock Inc. increased its stake in shares of Strategic Education by 25.2% in Q3. BlackRock Inc. now owns 3,747,350 shares of the healthcare provider valued at $264,191,000 after acquiring an additional 754,949 shares during the period. FMR LLC increased its equity stake in Strategic Education by 694,279.2% in Q1. FMR LLC now owns 166,651 shares of the healthcare provider valued at $21,883,000 after acquiring an additional 166,627 shares during the period. Morgan Stanley increased its stake in shares of Strategic Education by 549.3% in Q2. Morgan Stanley now owns 188,476 shares of the healthcare provider valued at $14,335,000 after acquiring an additional 159,448 shares during the period. Kempen Capital Management NV increased its stake in the shares of Strategic Education by 33.4% in the 2nd quarter. Kempen Capital Management NV now owns 568,396 shares of the healthcare provider valued at $43,232,000 after acquiring an additional 142,334 shares during the period. Finally, the Royal Bank of Canada increased its stake in the shares of Strategic Education by 54.4% in the 2nd quarter. Royal Bank of Canada now owns 243,230 shares of the healthcare provider valued at $18,500,000 after acquiring an additional 85,661 shares during the period. 94.70% of the shares are currently held by institutional investors and hedge funds.
NASDAQ STRA shares opened at $57.30 on Friday. Strategic education has a 1-year minimum of $52.67 and a 1-year maximum of $96.73. The company’s 50-day moving average price is $57.21 and its 200-day moving average price is $66.86. The company has a market capitalization of $1.41 billion, a P/E ratio of 34.94, a price-to-earnings growth ratio of 0.86 and a beta of 0.53. The company has a debt ratio of 0.08, a quick ratio of 1.59 and a current ratio of 1.59.
The company also recently declared a quarterly dividend, which was paid on Monday, December 6. Shareholders of record on Monday, November 29 received a dividend of $0.60 per share. This represents a dividend of $2.40 on an annualized basis and a yield of 4.19%. The ex-dividend date was Friday, November 26. Strategic Education’s dividend payout ratio is currently 146.34%.
Strategic Education Company Profile
Strategic Education, Inc is engaged in the provision of educational services. It operates through the following segments: Strayer University, Capella University and Non-degree Programs. The Strayer University segment includes programs offered by the Jack Welch Management Institute. The company was founded in 1892 and is based in Herndon, Virginia.
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