Analysts Expect Stride, Inc. (NYSE:LRN) Will Announce Quarterly Sales of $395.35 Million

Wall Street brokerages expect that Stride, Inc. (NYSE:LRN) will report $395.35 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Stride’s earnings. The highest sales estimate is $395.70 million and the lowest is $395.00 million. Stride posted sales of $376.15 million during the same quarter last year, which suggests a positive year over year growth rate of 5.1%. The company is expected to report its next earnings results on Tuesday, January 25th.

According to Zacks, analysts expect that Stride will report full-year sales of $1.58 billion for the current fiscal year. For the next year, analysts anticipate that the company will report sales of $1.63 billion, with estimates ranging from $1.54 billion to $1.69 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Stride.

Stride (NYSE:LRN) last released its earnings results on Monday, October 18th. The company reported ($0.15) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.01). The company had revenue of $400.23 million for the quarter, compared to the consensus estimate of $356.03 million. Stride had a net margin of 3.38% and a return on equity of 6.91%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 EPS.

Several research firms have recently weighed in on LRN. Zacks Investment Research raised Stride from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Wednesday, November 17th. Citigroup assumed coverage on Stride in a research report on Tuesday, September 14th. They set a “buy” rating and a $65.00 target price on the stock.

A number of institutional investors and hedge funds have recently bought and sold shares of LRN. Comerica Bank purchased a new stake in shares of Stride in the 3rd quarter worth $875,000. Aurora Investment Counsel lifted its holdings in shares of Stride by 1.5% in the 3rd quarter. Aurora Investment Counsel now owns 43,114 shares of the company’s stock worth $1,550,000 after buying an additional 630 shares during the period. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Stride in the 3rd quarter worth $287,000. Voloridge Investment Management LLC purchased a new stake in shares of Stride in the 3rd quarter worth $1,124,000. Finally, Bleichroeder LP purchased a new stake in shares of Stride in the 3rd quarter worth $4,926,000. Institutional investors own 85.80% of the company’s stock.

Shares of NYSE LRN traded up $0.07 during trading hours on Thursday, hitting $35.57. 164,506 shares of the company traded hands, compared to its average volume of 633,079. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 28.01, a price-to-earnings-growth ratio of 0.90 and a beta of 0.50. The company has a current ratio of 3.01, a quick ratio of 2.93 and a debt-to-equity ratio of 0.63. The company’s 50 day moving average price is $35.36 and its 200 day moving average price is $32.45. Stride has a 12 month low of $20.39 and a 12 month high of $38.40.

Stride Company Profile

Stride, Inc is a technology-based educational company, which offers proprietary and third party curriculum, software systems and educational services. It also offers online curriculum and career services to middle and high school students, under the Destinations Career Academy brand name. The company was founded by Ronald J.

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