Strategic Education (STRA) to Release Quarterly Earnings on Thursday

Strategic Education (NASDAQ:STRA) is set to announce its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.74 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Strategic Education (NASDAQ:STRA) last posted its earnings results on Thursday, February 29th. The health services provider reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.34. The firm had revenue of $302.70 million during the quarter, compared to analysts’ expectations of $297.48 million. Strategic Education had a return on equity of 5.52% and a net margin of 6.16%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.78 earnings per share. On average, analysts expect Strategic Education to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Strategic Education Price Performance

STRA stock opened at $98.07 on Thursday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.04. Strategic Education has a fifty-two week low of $64.53 and a fifty-two week high of $111.95. The business has a 50 day moving average price of $100.79 and a 200 day moving average price of $92.97. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of 33.82, a PEG ratio of 1.16 and a beta of 0.50.

Strategic Education Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 11th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.45%. The ex-dividend date was Friday, March 8th. Strategic Education’s payout ratio is currently 82.76%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Bank of America increased their price target on Strategic Education from $104.00 to $124.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Truist Financial raised Strategic Education from a “hold” rating to a “buy” rating and increased their price target for the stock from $110.00 to $125.00 in a report on Wednesday. BMO Capital Markets increased their price target on Strategic Education from $103.00 to $123.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. StockNews.com downgraded Strategic Education from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. Finally, TheStreet raised Strategic Education from a “c+” rating to a “b” rating in a report on Thursday, February 29th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Strategic Education presently has an average rating of “Moderate Buy” and an average target price of $124.25.

Insider Buying and Selling

In related news, CEO Raymond Karl Mcdonnell sold 12,820 shares of Strategic Education stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $95.99, for a total transaction of $1,230,591.80. Following the completion of the sale, the chief executive officer now owns 161,359 shares in the company, valued at approximately $15,488,850.41. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Strategic Education news, CFO Daniel Wayne Jackson sold 3,713 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $95.95, for a total value of $356,262.35. Following the sale, the chief financial officer now directly owns 71,770 shares of the company’s stock, valued at approximately $6,886,331.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Raymond Karl Mcdonnell sold 12,820 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $95.99, for a total value of $1,230,591.80. Following the completion of the sale, the chief executive officer now directly owns 161,359 shares in the company, valued at $15,488,850.41. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by company insiders.

Institutional Trading of Strategic Education

A number of hedge funds have recently added to or reduced their stakes in STRA. State of Wyoming acquired a new position in shares of Strategic Education in the 4th quarter valued at about $33,000. Tower Research Capital LLC TRC lifted its stake in shares of Strategic Education by 140.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 656 shares of the health services provider’s stock valued at $49,000 after purchasing an additional 383 shares in the last quarter. Virtus Fund Advisers LLC acquired a new position in shares of Strategic Education in the 4th quarter valued at about $65,000. US Bancorp DE lifted its stake in shares of Strategic Education by 585.2% in the 1st quarter. US Bancorp DE now owns 1,295 shares of the health services provider’s stock valued at $86,000 after purchasing an additional 1,106 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Strategic Education by 16.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,441 shares of the health services provider’s stock valued at $95,000 after purchasing an additional 199 shares in the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.

About Strategic Education

Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. The company operates through U.S. Higher Education, Australia/New Zealand, and Education Technology Services segments. It operates Strayer University that offers undergraduate and graduate degree programs in business, criminal justice, education, health services, information technology, and public administration at physical campuses located in the eastern United States, as well as through online; non-degree web and mobile application development courses through Hackbright Academy and Devmountain; and MBA online through its Jack Welch Management Institute.