Brokerages Expect Strayer Education Inc (STRA) Will Post Earnings of $1.11 Per Share
Wall Street analysts expect that Strayer Education Inc (NASDAQ:STRA) will report $1.11 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Strayer Education’s earnings, with the highest EPS estimate coming in at $1.15 and the lowest estimate coming in at $1.07. Strayer Education reported earnings of $0.95 per share in the same quarter last year, which would indicate a positive year over year growth rate of 16.8%. The firm is scheduled to issue its next earnings results on Wednesday, May 2nd.
On average, analysts expect that Strayer Education will report full-year earnings of $3.96 per share for the current fiscal year, with EPS estimates ranging from $3.88 to $4.03. For the next fiscal year, analysts expect that the business will report earnings of $4.52 per share, with EPS estimates ranging from $4.33 to $4.70. Zacks’ EPS averages are an average based on a survey of analysts that follow Strayer Education.
Strayer Education (NASDAQ:STRA) last issued its quarterly earnings results on Thursday, March 1st. The health services provider reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.20). Strayer Education had a return on equity of 17.75% and a net margin of 4.53%. 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 previous year, the company posted $1.07 earnings per share. The company’s quarterly revenue was down .4% compared to the same quarter last year.
In other Strayer Education news, CAO Thomas J. Aprahamian sold 2,964 shares of the firm’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $91.11, for a total transaction of $270,050.04. Following the transaction, the chief accounting officer now directly owns 13,980 shares in the company, valued at approximately $1,273,717.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian W. Jones sold 8,743 shares of the firm’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $91.24, for a total value of $797,711.32. Following the transaction, the insider now owns 40,325 shares in the company, valued at $3,679,253. The disclosure for this sale can be found here. Insiders have sold a total of 34,043 shares of company stock worth $3,181,155 over the last 90 days. 6.70% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC purchased a new position in Strayer Education during the 4th quarter worth $453,000. Municipal Employees Retirement System of Michigan increased its holdings in Strayer Education by 25.1% during the 4th quarter. Municipal Employees Retirement System of Michigan now owns 4,930 shares of the health services provider’s stock worth $442,000 after purchasing an additional 990 shares during the period. Millennium Management LLC increased its holdings in Strayer Education by 278.7% during the 4th quarter. Millennium Management LLC now owns 12,489 shares of the health services provider’s stock worth $1,119,000 after purchasing an additional 9,191 shares during the period. HBK Investments L P purchased a new position in shares of Strayer Education in the 4th quarter valued at $278,000. Finally, Two Sigma Investments LP purchased a new position in shares of Strayer Education in the 4th quarter valued at $5,049,000. Institutional investors own 98.15% of the company’s stock.
Shares of Strayer Education stock traded down $0.48 during midday trading on Tuesday, hitting $103.55. The stock had a trading volume of 96,343 shares, compared to its average volume of 97,960. Strayer Education has a 12-month low of $75.84 and a 12-month high of $104.85. The stock has a market capitalization of $1,138.90, a P/E ratio of 56.90, a price-to-earnings-growth ratio of 2.53 and a beta of 0.92.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 19th. Shareholders of record on Monday, March 12th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 9th. This represents a $1.00 annualized dividend and a yield of 0.97%. Strayer Education’s payout ratio is currently 54.95%.
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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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