Strategic Education, Inc. Expected to Post Q1 2024 Earnings of $0.55 Per Share (NASDAQ:STRA)

Strategic Education, Inc. (NASDAQ:STRA) – Equities research analysts at Barrington Research decreased their Q1 2024 EPS estimates for shares of Strategic Education in a research note issued on Tuesday, April 9th. Barrington Research analyst A. Paris now expects that the health services provider will earn $0.55 per share for the quarter, down from their previous estimate of $0.98. Barrington Research currently has a “Outperform” rating and a $125.00 target price on the stock. The consensus estimate for Strategic Education’s current full-year earnings is $4.63 per share. Barrington Research also issued estimates for Strategic Education’s Q2 2024 earnings at $1.16 EPS, Q3 2024 earnings at $1.07 EPS, FY2024 earnings at $4.50 EPS and FY2025 earnings at $5.40 EPS.

Strategic Education (NASDAQ:STRA) last released its earnings results on Thursday, February 29th. The health services provider reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.34. Strategic Education had a return on equity of 5.52% and a net margin of 6.16%. The company had revenue of $302.70 million during the quarter, compared to the consensus estimate of $297.48 million. During the same quarter in the previous year, the company posted $0.78 earnings per share. The firm’s quarterly revenue was up 12.2% on a year-over-year basis.

Several other research firms have also recently weighed in on STRA. StockNews.com cut Strategic Education from a “buy” rating to a “hold” rating in a report on Tuesday. Bank of America increased their price objective on Strategic Education from $104.00 to $124.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. TheStreet upgraded Strategic Education from a “c+” rating to a “b” rating in a research note on Thursday, February 29th. Truist Financial lifted their price objective on shares of Strategic Education from $92.00 to $110.00 and gave the company a “hold” rating in a report on Friday, March 1st. Finally, BMO Capital Markets upped their target price on Strategic Education from $103.00 to $123.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $120.50.

Strategic Education Trading Down 2.6 %

Shares of NASDAQ STRA opened at $101.07 on Thursday. The company’s fifty day moving average is $100.53 and its 200-day moving average is $92.18. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 34.85, a P/E/G ratio of 1.24 and a beta of 0.50. Strategic Education has a twelve month low of $64.53 and a twelve month high of $111.95.

Strategic Education Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 11th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend was Friday, March 8th. Strategic Education’s payout ratio is currently 82.76%.

Insiders Place Their Bets

In other news, CEO Raymond Karl Mcdonnell sold 12,820 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $95.99, for a total value of $1,230,591.80. Following the completion of the sale, the chief executive officer now directly owns 161,359 shares of the company’s stock, valued at $15,488,850.41. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Daniel Wayne Jackson sold 3,713 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $95.95, for a total value of $356,262.35. Following the completion of the sale, the chief financial officer now directly owns 71,770 shares in the company, valued at approximately $6,886,331.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Raymond Karl Mcdonnell sold 12,820 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $95.99, for a total value of $1,230,591.80. Following the transaction, the chief executive officer now owns 161,359 shares in the company, valued at approximately $15,488,850.41. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On Strategic Education

Several institutional investors have recently made changes to their positions in the stock. State of Wyoming bought a new stake in Strategic Education during the fourth quarter worth $33,000. Tower Research Capital LLC TRC raised its holdings in shares of Strategic Education by 140.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 656 shares of the health services provider’s stock worth $49,000 after buying an additional 383 shares in the last quarter. Virtus Fund Advisers LLC acquired a new position in shares of Strategic Education during the 4th quarter worth $65,000. Russell Investments Group Ltd. bought a new stake in shares of Strategic Education during the 4th quarter worth $73,000. Finally, VisionPoint Advisory Group LLC acquired a new stake in Strategic Education in the second quarter valued at about $58,000. 93.27% of the stock is currently owned by institutional investors.

About Strategic Education

Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. The company operates through U.S. Higher Education, Australia/New Zealand, and Education Technology Services segments. It operates Strayer University that offers undergraduate and graduate degree programs in business, criminal justice, education, health services, information technology, and public administration at physical campuses located in the eastern United States, as well as through online; non-degree web and mobile application development courses through Hackbright Academy and Devmountain; and MBA online through its Jack Welch Management Institute.