Wall Street brokerages forecast that Strayer Education Inc (NASDAQ:STRA) will report earnings of $1.07 per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Strayer Education’s earnings. Strayer Education posted earnings per share of $0.95 in the same quarter last year, which suggests a positive year-over-year growth rate of 12.6%. The company is expected to report its next quarterly earnings report on Wednesday, May 2nd.
On average, analysts expect that Strayer Education will report full-year earnings of $4.03 per share for the current year. For the next year, analysts anticipate that the business will post earnings of $4.70 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Strayer Education.
Strayer Education (NASDAQ:STRA) last posted its quarterly earnings results on Thursday, March 1st. The health services provider reported $1.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.29 by ($0.20). Strayer Education had a return on equity of 9.22% and a net margin of 4.11%. The business had revenue of $118.70 million during the quarter, compared to analysts’ expectations of $121.50 million. During the same quarter in the prior year, the firm earned $1.07 EPS. The firm’s revenue for the quarter was down .4% compared to the same quarter last year.
Strayer Education (NASDAQ STRA) opened at $101.53 on Tuesday. Strayer Education has a one year low of $75.84 and a one year high of $102.26. The firm has a market capitalization of $1,140.00, a price-to-earnings ratio of 35.25 and a beta of 0.92.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Monday, March 12th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Friday, March 9th. Strayer Education’s dividend payout ratio is currently 34.72%.
In related news, CFO Daniel Wayne Jackson sold 19,097 shares of the company’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $93.39, for a total transaction of $1,783,468.83. Following the completion of the sale, the chief financial officer now owns 58,015 shares in the company, valued at $5,418,020.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brian W. Jones sold 8,743 shares of the company’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $91.24, for a total value of $797,711.32. Following the sale, the insider now owns 40,325 shares of the company’s stock, valued at approximately $3,679,253. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,804 shares of company stock valued at $2,851,230. 6.70% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of the stock. MetLife Investment Advisors LLC purchased a new stake in Strayer Education during the fourth quarter valued at $453,000. Municipal Employees Retirement System of Michigan increased its position in Strayer Education by 25.1% during the fourth quarter. Municipal Employees Retirement System of Michigan now owns 4,930 shares of the health services provider’s stock valued at $442,000 after acquiring an additional 990 shares during the last quarter. Millennium Management LLC increased its position in Strayer Education by 278.7% during the fourth quarter. Millennium Management LLC now owns 12,489 shares of the health services provider’s stock valued at $1,119,000 after acquiring an additional 9,191 shares during the last quarter. HBK Investments L P purchased a new stake in Strayer Education during the fourth quarter valued at $278,000. Finally, Two Sigma Investments LP purchased a new stake in Strayer Education during the fourth quarter valued at $5,049,000. Institutional investors own 98.15% of the company’s stock.
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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