Strayer Education, Inc. (STRA) Set to Announce Quarterly Earnings on Wednesday
Strayer Education, Inc. (NASDAQ:STRA) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.39 per share for the quarter.
Strayer Education (NASDAQ:STRA) last announced its earnings results on Wednesday, July 26th. The health services provider reported $0.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.05. The company had revenue of $112.70 million during the quarter, compared to analysts’ expectations of $113.68 million. Strayer Education had a net margin of 7.90% and a return on equity of 17.65%. Strayer Education’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.72 earnings per share. On average, analysts expect Strayer Education to post $3.39 EPS for the current fiscal year and $3.82 EPS for the next fiscal year.
Shares of Strayer Education, Inc. (NASDAQ:STRA) opened at 90.04 on Wednesday. The company has a market cap of $963.52 million, a PE ratio of 27.97 and a beta of 0.95. The stock has a 50 day moving average of $85.48 and a 200-day moving average of $86.28. Strayer Education, Inc. has a 12 month low of $48.68 and a 12 month high of $95.74.
STRA has been the subject of several recent research reports. Zacks Investment Research raised Strayer Education from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Piper Jaffray Companies reissued a “hold” rating on shares of Strayer Education in a report on Friday, July 21st. BidaskClub lowered Strayer Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $100.00 price objective on shares of Strayer Education in a report on Thursday, July 20th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Strayer Education has a consensus rating of “Hold” and an average price target of $94.00.
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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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