Strayer Education, Inc. (NASDAQ:STRA) Declares $0.25 Quarterly Dividend
Strayer Education, Inc. (NASDAQ:STRA) announced a quarterly dividend on Wednesday, July 26th, RTT News reports. Stockholders of record on Tuesday, September 5th will be paid a dividend of 0.25 per share by the health services provider on Monday, September 18th. This represents a $1.00 annualized dividend and a dividend yield of 1.11%.
Shares of Strayer Education (NASDAQ STRA) traded down 2.62% during midday trading on Wednesday, hitting $87.40. The stock had a trading volume of 45,660 shares. Strayer Education has a one year low of $43.50 and a one year high of $95.74. The firm has a market capitalization of $930.29 million, a PE ratio of 28.97 and a beta of 0.92. The firm’s 50-day moving average price is $92.31 and its 200-day moving average price is $84.86.
Strayer Education (NASDAQ:STRA) last posted its quarterly earnings results on Wednesday, July 26th. The health services provider reported $0.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.05. Strayer Education had a return on equity of 17.27% and a net margin of 7.41%. The business had revenue of $112.70 million for the quarter, compared to analyst estimates of $113.68 million. During the same period last year, the company earned $0.72 EPS. The firm’s revenue was up 3.9% on a year-over-year basis. On average, equities analysts predict that Strayer Education will post $3.47 EPS for the current year.
STRA has been the topic of several recent research reports. Zacks Investment Research lowered Strayer Education from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. BMO Capital Markets reiterated a “buy” rating and set a $100.00 target price on shares of Strayer Education in a report on Thursday, May 4th. First Analysis lifted their target price on Strayer Education from $76.00 to $95.00 and gave the stock an “equal weight” rating in a report on Monday, May 15th. Finally, Piper Jaffray Companies reiterated a “hold” rating on shares of Strayer Education in a report on Friday, July 21st. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $82.67.
In other news, CEO Raymond Karl Mcdonnell sold 43,659 shares of the business’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $90.93, for a total value of $3,969,912.87. Following the sale, the chief executive officer now directly owns 193,764 shares in the company, valued at $17,618,960.52. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 6.70% of the company’s stock.
About Strayer Education
Strayer Education, Inc is an education services holding company. The Company provides post-secondary education and other academic programs, through its subsidiaries, Strayer University (the University) and New York Code and Design Academy (NYCDA). As of December 31, 2016, the University offered undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, nursing, public administration and criminal justice at 74 physical campuses located in the Mid-Atlantic and Southern regions of the United States, and online.
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