First Analysis Equities Analysts Lift Earnings Estimates for Strayer Education, Inc. (STRA)
Strayer Education, Inc. (NASDAQ:STRA) – Stock analysts at First Analysis increased their Q4 2017 earnings per share estimates for shares of Strayer Education in a report issued on Sunday. First Analysis analyst C. Greendale now anticipates that the health services provider will post earnings per share of $1.40 for the quarter, up from their prior estimate of $1.24. First Analysis currently has a “Equal Weight” rating and a $95.00 price target on the stock.
STRA has been the subject of several other research reports. BMO Capital Markets reiterated a “buy” rating and issued a $100.00 price target on shares of Strayer Education in a report on Thursday, May 4th. Zacks Investment Research cut shares of Strayer Education from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. Piper Jaffray Companies reiterated a “hold” rating on shares of Strayer Education in a report on Friday, July 21st. Finally, BidaskClub cut shares of Strayer Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Strayer Education has a consensus rating of “Hold” and an average target price of $83.75.
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Shares of Strayer Education (NASDAQ:STRA) opened at 81.42 on Tuesday. The stock has a market cap of $871.28 million, a P/E ratio of 25.29 and a beta of 0.90. Strayer Education has a 52-week low of $44.58 and a 52-week high of $95.74. The firm has a 50-day moving average of $90.55 and a 200-day moving average of $84.85.
Strayer Education (NASDAQ:STRA) last released its earnings results on Wednesday, July 26th. The health services provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.05. Strayer Education had a net margin of 7.90% and a return on equity of 17.65%. The company had revenue of $112.70 million during the quarter, compared to the consensus estimate of $113.68 million. During the same quarter in the prior year, the firm earned $0.72 EPS. The company’s revenue was up 3.9% compared to the same quarter last year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Tuesday, September 5th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Friday, September 1st. Strayer Education’s dividend payout ratio (DPR) is presently 31.15%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in STRA. Karp Capital Management Corp bought a new position in Strayer Education during the first quarter valued at $239,000. Chicago Equity Partners LLC bought a new position in Strayer Education during the first quarter valued at $264,000. Arizona State Retirement System boosted its position in Strayer Education by 1.9% in the first quarter. Arizona State Retirement System now owns 5,419 shares of the health services provider’s stock valued at $436,000 after buying an additional 100 shares during the period. State of Tennessee Treasury Department boosted its position in Strayer Education by 12.5% in the first quarter. State of Tennessee Treasury Department now owns 9,792 shares of the health services provider’s stock valued at $788,000 after buying an additional 1,087 shares during the period. Finally, FMR LLC boosted its position in Strayer Education by 189.6% in the first quarter. FMR LLC now owns 510,907 shares of the health services provider’s stock valued at $41,123,000 after buying an additional 334,472 shares during the period. Institutional investors own 92.27% 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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