Strayer Education, Inc. (STRA) Releases Quarterly Earnings Results, Misses Estimates By $0.05 EPS
Strayer Education, Inc. (NASDAQ:STRA) released its quarterly earnings data on Monday. The health services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.05), Bloomberg Earnings reports. The firm had revenue of $108.50 million during the quarter, compared to analyst estimates of $107.54 million. Strayer Education had a net margin of 7.90% and a return on equity of 17.65%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.25 earnings per share.
Strayer Education (NASDAQ:STRA) opened at 100.00 on Tuesday. The company’s 50-day moving average price is $87.12 and its 200 day moving average price is $86.75. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 31.07 and a beta of 0.95. Strayer Education has a 52-week low of $57.02 and a 52-week high of $100.72.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Monday, December 4th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.00%. Strayer Education’s dividend payout ratio (DPR) is presently 31.15%.
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Several equities analysts have recently weighed in on STRA shares. Piper Jaffray Companies reaffirmed a “hold” rating on shares of Strayer Education in a research note on Friday, July 21st. Zacks Investment Research raised Strayer Education from a “sell” rating to a “buy” rating and set a $94.00 price objective on the stock in a research note on Tuesday, September 26th. BidaskClub lowered Strayer Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Strayer Education in a research note on Thursday, July 20th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $98.50.
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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