Strategic Education (STRA) Announces Earnings Results
Strategic Education (NASDAQ:STRA) posted its quarterly earnings data on Thursday. The health services provider reported $0.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.24, MarketWatch Earnings reports. The firm had revenue of $160.90 million during the quarter, compared to the consensus estimate of $185.48 million. Strategic Education had a net margin of 3.14% and a return on equity of 18.39%. The business’s revenue for the quarter was up 48.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.34 EPS.
NASDAQ STRA opened at $140.33 on Friday. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 38.04, a price-to-earnings-growth ratio of 3.06 and a beta of 1.03. Strategic Education has a 12-month low of $80.75 and a 12-month high of $154.89.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Friday, November 30th. Strategic Education’s dividend payout ratio is currently 64.31%.
In other Strategic Education news, insider J Kevin Gilligan sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $135.79, for a total value of $678,950.00. Following the completion of the sale, the insider now owns 128,744 shares of the company’s stock, valued at approximately $17,482,147.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 65,000 shares of company stock valued at $8,613,200 in the last three months. Insiders own 3.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Strategic Education by 141.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,244 shares of the health services provider’s stock worth $170,000 after acquiring an additional 729 shares during the period. FMR LLC bought a new stake in shares of Strategic Education during the 3rd quarter worth approximately $2,169,000. American International Group Inc. lifted its holdings in shares of Strategic Education by 98.7% during the 3rd quarter. American International Group Inc. now owns 16,487 shares of the health services provider’s stock worth $2,259,000 after acquiring an additional 8,188 shares during the period. BlackRock Inc. lifted its holdings in shares of Strategic Education by 113.8% during the 3rd quarter. BlackRock Inc. now owns 3,154,624 shares of the health services provider’s stock worth $432,280,000 after acquiring an additional 1,679,027 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Strategic Education by 100.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 354,648 shares of the health services provider’s stock worth $48,597,000 after acquiring an additional 177,410 shares during the period. 99.93% of the stock is owned by hedge funds and other institutional investors.
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Strategic Education Company Profile
Strategic Education, Inc, through its subsidiaries, provides a range of post-secondary education and other academic programs in the United States. The company operates Strayer University and Capella University that provide undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, nursing, public administration, and criminal justice to working adult students through its 74 physical campuses primarily located in the Mid-Atlantic and Southern regions, as well as through online.
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