First Analysis Analysts Boost Earnings Estimates for Strayer Education, Inc. (NASDAQ:STRA)
Strayer Education, Inc. (NASDAQ:STRA) – Equities researchers at First Analysis upped their Q3 2017 earnings per share (EPS) estimates for shares of Strayer Education in a research report issued to clients and investors on Wednesday. First Analysis analyst C. Greendale now forecasts that the health services provider will post earnings of $0.45 per share for the quarter, up from their previous forecast of $0.44. First Analysis has a “Equal Weight” rating and a $95.00 price objective on the stock. First Analysis also issued estimates for Strayer Education’s Q4 2017 earnings at $1.24 EPS, FY2017 earnings at $3.37 EPS and FY2018 earnings at $3.72 EPS.
Strayer Education (NASDAQ:STRA) last issued its quarterly earnings data on Wednesday, July 26th. The health services provider reported $0.92 EPS for the quarter, topping the consensus estimate of $0.87 by $0.05. Strayer Education had a net margin of 7.90% and a return on equity of 17.65%. The firm had revenue of $112.70 million for the quarter, compared to analyst estimates of $113.68 million. During the same period in the prior year, the business posted $0.72 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. COPYRIGHT VIOLATION WARNING: “First Analysis Analysts Boost Earnings Estimates for Strayer Education, Inc. (NASDAQ:STRA)” was first posted by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international trademark & copyright law. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2017/07/28/first-analysis-analysts-boost-earnings-estimates-for-strayer-education-inc-nasdaqstra.html.
A number of other brokerages have also recently weighed in on STRA. Zacks Investment Research cut shares of Strayer Education from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. Piper Jaffray Companies reissued a “hold” rating on shares of Strayer Education in a research report on Friday, July 21st. BMO Capital Markets reissued a “buy” rating and set a $100.00 target price on shares of Strayer Education in a research report on Thursday, July 20th. Finally, BidaskClub cut shares of Strayer Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $83.75.
Shares of Strayer Education (NASDAQ STRA) traded down 0.43% during midday trading on Friday, reaching $78.67. 697 shares of the company traded hands. Strayer Education has a 12 month low of $44.58 and a 12 month high of $95.74. The company’s 50 day moving average is $91.70 and its 200-day moving average is $84.85. The stock has a market capitalization of $837.36 million, a price-to-earnings ratio of 26.08 and a beta of 0.92.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Tuesday, September 5th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Friday, September 1st. Strayer Education’s payout ratio is currently 31.15%.
In related news, CEO Raymond Karl Mcdonnell sold 43,659 shares of the company’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $90.93, for a total value of $3,969,912.87. Following the completion of the sale, the chief executive officer now owns 193,764 shares of the company’s stock, valued at $17,618,960.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.70% of the company’s stock.
A number of hedge funds have recently bought and sold shares of STRA. Quantbot Technologies LP purchased a new position in Strayer Education during the first quarter worth approximately $173,000. State of Alaska Department of Revenue increased its position in Strayer Education by 79.8% in the second quarter. State of Alaska Department of Revenue now owns 2,068 shares of the health services provider’s stock worth $192,000 after buying an additional 918 shares in the last quarter. Mason Street Advisors LLC increased its position in Strayer Education by 7.0% in the first quarter. Mason Street Advisors LLC now owns 2,438 shares of the health services provider’s stock worth $196,000 after buying an additional 159 shares in the last quarter. Stevens Capital Management LP purchased a new position in Strayer Education during the first quarter worth approximately $200,000. Finally, Karp Capital Management Corp purchased a new position in Strayer Education during the first quarter worth approximately $239,000. Hedge funds and other institutional investors own 92.44% 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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