Equities research analysts forecast that Strategic Education, Inc. (NASDAQ:STRA) will report sales of $301.52 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Strategic Education’s earnings, with estimates ranging from $298.04 million to $305.00 million. Strategic Education reported sales of $255.83 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 17.9%. The company is expected to issue its next quarterly earnings report on Wednesday, August 4th.
According to Zacks, analysts expect that Strategic Education will report full year sales of $1.18 billion for the current fiscal year, with estimates ranging from $1.17 billion to $1.20 billion. For the next fiscal year, analysts expect that the firm will post sales of $1.22 billion, with estimates ranging from $1.20 billion to $1.24 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Strategic Education.
Strategic Education (NASDAQ:STRA) last posted its quarterly earnings results on Thursday, April 29th. The health services provider reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.03). Strategic Education had a net margin of 10.63% and a return on equity of 10.88%.
A number of equities research analysts recently weighed in on STRA shares. Truist dropped their price target on Strategic Education from $100.00 to $85.00 in a research note on Monday. BMO Capital Markets lowered their price objective on Strategic Education from $130.00 to $98.00 and set an “outperform” rating on the stock in a research report on Monday. Bank of America cut Strategic Education from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $103.00 to $85.00 in a research report on Friday. Finally, Barrington Research reiterated an “outperform” rating and set a $90.00 price objective (down previously from $120.00) on shares of Strategic Education in a research report on Thursday, April 29th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $106.67.
STRA traded up $0.54 during trading hours on Friday, reaching $77.50. The company’s stock had a trading volume of 15,772 shares, compared to its average volume of 211,111. Strategic Education has a 52 week low of $74.60 and a 52 week high of $187.98. The company’s 50-day moving average is $87.69 and its 200-day moving average is $90.50. The firm has a market cap of $1.91 billion, a PE ratio of 15.78, a price-to-earnings-growth ratio of 1.46 and a beta of 0.57.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 7th. Investors of record on Friday, May 28th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Thursday, May 27th. Strategic Education’s payout ratio is currently 35.98%.
In related news, CEO Raymond Karl Mcdonnell sold 11,656 shares of the firm’s stock in a transaction dated Tuesday, February 16th. The stock was sold at an average price of $93.81, for a total value of $1,093,449.36. Following the sale, the chief executive officer now directly owns 108,925 shares of the company’s stock, valued at $10,218,254.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Robert S. Silberman acquired 4,000 shares of Strategic Education stock in a transaction that occurred on Wednesday, March 3rd. The stock was acquired at an average cost of $77.64 per share, for a total transaction of $310,560.00. 2.00% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in the company. Pacer Advisors Inc. boosted its stake in shares of Strategic Education by 4.5% during the first quarter. Pacer Advisors Inc. now owns 2,602 shares of the health services provider’s stock valued at $239,000 after purchasing an additional 111 shares in the last quarter. ETF Managers Group LLC lifted its stake in shares of Strategic Education by 9.7% in the fourth quarter. ETF Managers Group LLC now owns 1,993 shares of the health services provider’s stock worth $191,000 after acquiring an additional 176 shares during the period. Louisiana State Employees Retirement System lifted its stake in shares of Strategic Education by 3.3% in the first quarter. Louisiana State Employees Retirement System now owns 6,300 shares of the health services provider’s stock worth $579,000 after acquiring an additional 200 shares during the period. Arizona State Retirement System lifted its stake in shares of Strategic Education by 5.6% in the fourth quarter. Arizona State Retirement System now owns 7,078 shares of the health services provider’s stock worth $675,000 after acquiring an additional 376 shares during the period. Finally, Captrust Financial Advisors lifted its stake in shares of Strategic Education by 2,055.0% in the fourth quarter. Captrust Financial Advisors now owns 431 shares of the health services provider’s stock worth $41,000 after acquiring an additional 411 shares during the period. 87.78% of the stock is currently owned by hedge funds and other institutional investors.
About Strategic Education
Strategic Education, Inc, through its subsidiaries, provides post-secondary education and non-degree programs. It operates in three segments: Strayer University, Capella University, and Australia/New Zealand. The company operates Strayer University that provides undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration, and criminal justice for working adult students through its 64 physical campuses located in the eastern United States, as well as through online; and an executive MBA online through its Jack Welch Management Institute.
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