Zacks: Analysts Anticipate Strayer Education Inc (STRA) Will Announce Earnings of $0.37 Per Share
Brokerages expect Strayer Education Inc (NASDAQ:STRA) to post earnings per share of $0.37 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Strayer Education’s earnings, with estimates ranging from $0.32 to $0.41. Strayer Education reported earnings of $0.25 per share during the same quarter last year, which indicates a positive year over year growth rate of 48%. The company is scheduled to issue its next earnings results on Wednesday, October 25th.
On average, analysts expect that Strayer Education will report full year earnings of $3.39 per share for the current financial year, with EPS estimates ranging from $3.37 to $3.41. For the next year, analysts forecast that the business will post earnings of $3.82 per share, with EPS estimates ranging from $3.76 to $3.88. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Strayer Education.
Strayer Education (NASDAQ:STRA) last released its earnings results on Wednesday, July 26th. The health services provider reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.05. Strayer Education had a return on equity of 20.27% and a net margin of 9.14%. The firm had revenue of $112.70 million during the quarter, compared to analysts’ expectations of $113.68 million. During the same period in the prior year, the company earned $0.72 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis.
A number of research firms have recently issued reports on STRA. BMO Capital Markets reaffirmed a “buy” rating and set a $100.00 price objective on shares of Strayer Education in a report on Thursday, July 20th. BidaskClub downgraded shares of Strayer Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Piper Jaffray Companies restated a “hold” rating on shares of Strayer Education in a research report on Friday, July 21st. Finally, Zacks Investment Research upgraded shares of Strayer Education from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $94.00.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Karp Capital Management Corp purchased a new stake in Strayer Education in the first quarter worth about $239,000. Valley National Advisers Inc. grew its holdings in Strayer Education by 20.3% in the second quarter. Valley National Advisers Inc. now owns 4,842 shares of the health services provider’s stock worth $451,000 after purchasing an additional 816 shares during the period. Chicago Equity Partners LLC purchased a new stake in Strayer Education in the first quarter worth about $264,000. Ameriprise Financial Inc. grew its holdings in Strayer Education by 4.6% in the first quarter. Ameriprise Financial Inc. now owns 54,601 shares of the health services provider’s stock worth $4,395,000 after purchasing an additional 2,413 shares during the period. Finally, Arizona State Retirement System grew its holdings 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 worth $436,000 after purchasing an additional 100 shares during the period. Institutional investors own 93.04% of the company’s stock.
Strayer Education (NASDAQ:STRA) traded up 0.21% during midday trading on Friday, reaching $82.36. The company’s stock had a trading volume of 98,661 shares. The company has a market cap of $881.33 million, a PE ratio of 25.59 and a beta of 0.92. Strayer Education has a 12 month low of $44.63 and a 12 month high of $95.74. The stock has a 50-day moving average price of $79.46 and a 200 day moving average price of $84.55.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Tuesday, September 5th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Friday, September 1st. Strayer Education’s dividend payout ratio is currently 31.15%.
Strayer Education Company Profile
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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