Strayer Education (STRA) – Analysts’ Weekly Ratings Changes
A number of firms have modified their ratings and price targets on shares of Strayer Education (NASDAQ: STRA) recently:
- 8/3/2017 – Strayer Education was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
- 7/28/2017 – Strayer Education was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Strayer Education’s revenue per student continue to decline in the second quarter as well, falling 1.8% from the prior-year quarter. Revenue per student is likely to decline between 1% and 2% in the next quarter as well. Tuition cuts and an unfavorable mix of students toward lower undergraduate tuition resulted in deteriorating revenue per student over the past few quarters. This trend is expected to persist in 2017. Notably, Strayer Education’s second-quarter earnings surpassed analysts' expectation by 4.5%. Also, earnings increased 28% year over year. Revenues increased 4% primarily buoyed by higher enrollment, which was partly offset by lower revenues per student. Total enrollment at Strayer University increased 6% to 43,411 students from 41,029 in the prior-year quarter. New student enrollments rose 8% and continuing student enrollments increased 5%.”
- 7/28/2017 – Strayer Education had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $87.00 price target on the stock.
- 7/27/2017 – Strayer Education was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
- 7/21/2017 – Strayer Education had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies.
- 7/20/2017 – Strayer Education had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $100.00 price target on the stock.
- 7/17/2017 – Strayer Education was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Tuition cuts and an unfavorable mix of students toward lower undergraduate tuition resulted in declining revenue per student over the past few quarters for Strayer Education. This trend is expected to continue in 2017. Revenue per student is expected to decrease between 1% and 2% in the second quarter of 2017. Also, shares of Strayer Education gained 12.7% year to date, underperforming 33.4% growth for the Zacks categorized School industry. However, Strayer University is reducing the cost of its programs in order to increase their affordability for students. Moreover, the acquisition of New York Code and Design Academy is encouraging, given the high demand for web and applications software development professionals. Strayer Education’s convenient, accessible and flexible educational programs is likely to boost enrollment and thereby revenues.”
Shares of Strayer Education, Inc. (NASDAQ:STRA) opened at 81.42 on Tuesday. The stock has a market cap of $871.28 million, a PE ratio of 25.29 and a beta of 0.90. Strayer Education, Inc. has a 12-month low of $44.58 and a 12-month high of $95.74. The firm has a 50-day moving average price of $90.55 and a 200 day moving average price of $84.85.
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, beating the Zacks’ consensus estimate of $0.87 by $0.05. The business had revenue of $112.70 million for the quarter, compared to analyst estimates of $113.68 million. Strayer Education had a return on equity of 17.65% and a net margin of 7.90%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.72 EPS. Equities research analysts predict that Strayer Education, Inc. will post $3.33 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Tuesday, September 5th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Friday, September 1st. Strayer Education’s dividend payout ratio is 31.15%.
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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