Strayer Education (STRA) Releases Quarterly Earnings Results
Strayer Education (NASDAQ:STRA) released its earnings data on Thursday. The company reported $1.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.27 by $0.02, Stock Ratings Network.com reports. The company had revenue of $112.70 million for the quarter, compared to the consensus estimate of $114.81 million. During the same quarter last year, the company posted $1.42 earnings per share. Strayer Education’s revenue was down 14.6% compared to the same quarter last year.
A number of analysts have recently weighed in on STRA shares. Analysts at Deutsche Bank upgraded shares of Strayer Education from a “sell” rating to a “hold” rating in a research note on Tuesday. They now have a $50.00 price target on the stock, up previously from $40.00. On a related note, analysts at Zacks reiterated an “outperform” rating on shares of Strayer Education in a research note on Friday, June 27th. They now have a $64.00 price target on the stock. Finally, analysts at TheStreet upgraded shares of Strayer Education from a “sell” rating to a “hold” rating in a research note on Friday, May 9th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $50.33.
Shares of Strayer Education (NASDAQ:STRA) opened at 51.27 on Thursday. Strayer Education has a 1-year low of $33.51 and a 1-year high of $59.99. The stock’s 50-day moving average is $52.3 and its 200-day moving average is $47.20. The company has a market cap of $541.2 million and a price-to-earnings ratio of 38.46.
Strayer Education, Inc provides post-secondary education services. The Company offers a range of academic programs through its wholly owned subsidiary Strayer University, Inc (NASDAQ:STRA), both in classroom courses and online via the Internet.
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