Strayer Education, Inc. (NASDAQ:STRA) – Stock analysts at First Analysis dropped their FY2017 EPS estimates for shares of Strayer Education in a note issued to investors on Tuesday. First Analysis analyst C. Greendale now anticipates that the health services provider will post earnings per share of $3.32 for the year, down from their prior estimate of $3.41. First Analysis also issued estimates for Strayer Education’s Q4 2017 earnings at $1.29 EPS.

Strayer Education (NASDAQ:STRA) last announced its quarterly earnings results on Monday, October 30th. The health services provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). 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 8.52% and a return on equity of 17.27%. The business’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 EPS.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Strayer Education from a “sell” rating to a “buy” rating and set a $94.00 price target for the company in a research note on Tuesday, September 26th. ValuEngine cut shares of Strayer Education from a “buy” rating to a “hold” rating in a research note on Friday. Piper Jaffray Companies reiterated a “hold” rating and issued a $87.00 price target on shares of Strayer Education in a research note on Tuesday, October 17th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $118.00 price target (up previously from $99.00) on shares of Strayer Education in a research note on Tuesday, October 31st. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $103.50.

Shares of Strayer Education (STRA) opened at $97.88 on Thursday. The company has a market cap of $1,061.87, a price-to-earnings ratio of 31.40 and a beta of 0.89. Strayer Education has a 12 month low of $71.31 and a 12 month high of $100.72.

Several institutional investors and hedge funds have recently modified their holdings of the company. Aperio Group LLC raised its position in shares of Strayer Education by 1.4% in the second quarter. Aperio Group LLC now owns 3,012 shares of the health services provider’s stock valued at $281,000 after purchasing an additional 42 shares during the period. Arizona State Retirement System raised its position in shares of Strayer Education by 1.8% in the second quarter. Arizona State Retirement System now owns 5,519 shares of the health services provider’s stock valued at $514,000 after purchasing an additional 100 shares during the period. Louisiana State Employees Retirement System raised its position in shares of Strayer Education by 2.4% in the second quarter. Louisiana State Employees Retirement System now owns 4,300 shares of the health services provider’s stock valued at $401,000 after purchasing an additional 100 shares during the period. Texas Permanent School Fund raised its position in shares of Strayer Education by 1.4% in the second quarter. Texas Permanent School Fund now owns 7,659 shares of the health services provider’s stock valued at $714,000 after purchasing an additional 109 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of Strayer Education by 15.1% in the second quarter. Victory Capital Management Inc. now owns 1,680 shares of the health services provider’s stock valued at $157,000 after purchasing an additional 221 shares during the period. 97.75% of the stock is currently owned by institutional investors.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Monday, December 4th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Friday, December 1st. Strayer Education’s dividend payout ratio is currently 28.57%.

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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.

Earnings History and Estimates for Strayer Education (NASDAQ:STRA)

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