Zacks Research Brokers Increase Earnings Estimates for STRA

Strategic Education, Inc. (NASDAQ:STRA) – Equities researchers at Zacks Research boosted their Q4 2024 earnings estimates for shares of Strategic Education in a note issued to investors on Wednesday, January 15th. Zacks Research analyst R. Department now expects that the health services provider will post earnings per share of $1.18 for the quarter, up from their previous forecast of $1.17. The consensus estimate for Strategic Education’s current full-year earnings is $4.79 per share.

Several other research analysts have also weighed in on STRA. StockNews.com lowered shares of Strategic Education from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th. Truist Financial cut their price target on shares of Strategic Education from $145.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $135.00 price target on shares of Strategic Education in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $126.00.

Strategic Education Price Performance

Strategic Education stock opened at $97.21 on Monday. The company’s 50 day simple moving average is $96.23 and its 200 day simple moving average is $96.60. Strategic Education has a fifty-two week low of $85.11 and a fifty-two week high of $123.62. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 1.15 and a beta of 0.58.

Strategic Education (NASDAQ:STRA) last released its quarterly earnings data on Thursday, November 7th. The health services provider reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.35. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The business had revenue of $305.96 million for the quarter, compared to analyst estimates of $301.62 million. During the same quarter last year, the firm earned $0.97 EPS. Strategic Education’s quarterly revenue was up 7.0% compared to the same quarter last year.

Strategic Education Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were issued a $0.60 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.47%. Strategic Education’s dividend payout ratio (DPR) is presently 45.71%.

Institutional Trading of Strategic Education

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB acquired a new stake in shares of Strategic Education in the third quarter valued at approximately $37,000. Allspring Global Investments Holdings LLC acquired a new position in Strategic Education during the third quarter worth $55,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Strategic Education during the second quarter worth $107,000. CWM LLC increased its holdings in Strategic Education by 332.1% during the third quarter. CWM LLC now owns 1,426 shares of the health services provider’s stock worth $132,000 after buying an additional 1,096 shares during the last quarter. Finally, US Bancorp DE increased its holdings in Strategic Education by 12.8% during the third quarter. US Bancorp DE now owns 1,938 shares of the health services provider’s stock worth $179,000 after buying an additional 220 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Strategic Education Company Profile

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.