Equities Analysts Set Expectations for Strategic Education Inc’s FY2018 Earnings (STRA)
Strategic Education Inc (NASDAQ:STRA) – Equities researchers at Barrington Research upped their FY2018 earnings estimates for Strategic Education in a report issued on Thursday, November 8th. Barrington Research analyst A. Paris. Jr now forecasts that the health services provider will post earnings per share of $4.47 for the year, up from their prior forecast of $4.13. Barrington Research currently has a “Outperform” rating and a $175.00 price target on the stock. Barrington Research also issued estimates for Strategic Education’s Q4 2018 earnings at $1.36 EPS and FY2019 earnings at $5.90 EPS.
Strategic Education (NASDAQ:STRA) last issued its quarterly earnings data on Thursday, November 8th. The health services provider reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.24. The firm had revenue of $160.90 million during the quarter, compared to analysts’ expectations of $185.48 million. Strategic Education had a positive return on equity of 10.30% and a negative net margin of 8.74%. The firm’s quarterly revenue was up 48.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.34 EPS.
Shares of NASDAQ STRA opened at $142.56 on Monday. The firm has a market cap of $1.59 billion, a P/E ratio of 45.84, a P/E/G ratio of 3.12 and a beta of 1.03. Strategic Education has a 1-year low of $80.75 and a 1-year high of $154.89.
A number of large investors have recently made changes to their positions in STRA. BlackRock Inc. increased its position in Strategic Education by 113.8% during the 3rd quarter. BlackRock Inc. now owns 3,154,624 shares of the health services provider’s stock valued at $432,280,000 after buying an additional 1,679,027 shares in the last quarter. Renaissance Technologies LLC increased its position in Strategic Education by 655.8% during the 3rd quarter. Renaissance Technologies LLC now owns 946,321 shares of the health services provider’s stock valued at $129,674,000 after buying an additional 821,121 shares in the last quarter. Royce & Associates LP increased its position in Strategic Education by 314,542.5% during the 3rd quarter. Royce & Associates LP now owns 459,378 shares of the health services provider’s stock valued at $62,949,000 after buying an additional 459,232 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Strategic Education by 89.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 841,722 shares of the health services provider’s stock valued at $115,340,000 after buying an additional 396,684 shares in the last quarter. Finally, ValueAct Holdings L.P. acquired a new position in Strategic Education during the 2nd quarter valued at about $21,862,000. 99.93% of the stock is currently owned by institutional investors.
In related news, insider J Kevin Gilligan sold 5,000 shares of the company’s stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $124.61, for a total transaction of $623,050.00. Following the transaction, the insider now directly owns 78,594 shares of the company’s stock, valued at approximately $9,793,598.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 65,000 shares of company stock worth $8,613,200 over the last ninety days. 3.70% of the stock is currently owned by corporate insiders.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Friday, November 30th. Strategic Education’s dividend payout ratio (DPR) is currently 64.31%.
About Strategic Education
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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