$0.37 EPS Expected for Strayer Education, Inc. (STRA) This Quarter
Analysts forecast that Strayer Education, Inc. (NASDAQ:STRA) will report earnings per share of $0.37 for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Strayer Education’s earnings, with the lowest EPS estimate coming in at $0.32 and the highest estimate coming in at $0.41. Strayer Education posted earnings of $0.25 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 48%. The firm is scheduled to report its next earnings report before the market opens on Wednesday, November 1st.
According to Zacks, analysts expect that Strayer Education will report full year earnings of $3.39 per share for the current fiscal year, with EPS estimates ranging from $3.37 to $3.41. For the next financial year, analysts expect that the business will report 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 an average based on a survey of sell-side research firms that cover Strayer Education.
Strayer Education (NASDAQ:STRA) last posted its quarterly earnings results on Wednesday, July 26th. The health services provider reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.05. The firm 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%. Strayer Education’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.72 earnings per share.
Several research firms have recently issued reports on STRA. BMO Capital Markets restated a “buy” rating and issued a $100.00 price target on shares of Strayer Education in a research report on Thursday, July 20th. Piper Jaffray Companies reiterated a “hold” rating on shares of Strayer Education in a report on Friday, July 21st. Zacks Investment Research upgraded Strayer Education from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Finally, BidaskClub lowered Strayer Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $94.00.
A number of hedge funds have recently bought and sold shares of STRA. Victory Capital Management Inc. lifted its holdings in Strayer Education by 15.1% during the second quarter. Victory Capital Management Inc. now owns 1,680 shares of the health services provider’s stock worth $157,000 after acquiring an additional 221 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in Strayer Education by 79.8% during 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 acquiring an additional 918 shares in the last quarter. Mason Street Advisors LLC lifted its holdings in Strayer Education by 7.0% during the first quarter. Mason Street Advisors LLC now owns 2,438 shares of the health services provider’s stock worth $196,000 after acquiring an additional 159 shares in the last quarter. Stifel Financial Corp bought a new position in Strayer Education during the second quarter worth about $202,000. Finally, Piedmont Investment Advisors LLC bought a new position in Strayer Education during the second quarter worth about $211,000. Hedge funds and other institutional investors own 93.04% of the company’s stock.
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Strayer Education (NASDAQ STRA) opened at 89.24 on Monday. Strayer Education has a 52-week low of $45.49 and a 52-week high of $95.74. The firm has a market capitalization of $954.96 million, a price-to-earnings ratio of 27.72 and a beta of 0.95. The company’s 50-day moving average price is $85.09 and its 200 day moving average price is $86.03.
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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