Strategic Education (STRA) Set to Announce Quarterly Earnings on Thursday

Strategic Education (NASDAQ:STRA) will release its earnings data before the market opens on Thursday, April 25th. Analysts expect Strategic Education to post earnings of $0.74 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Strategic Education (NASDAQ:STRA) last released its quarterly earnings results on Thursday, February 29th. The health services provider reported $1.68 earnings per share (EPS) for the quarter, beating 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 business 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 business earned $0.78 EPS. The company’s quarterly revenue was up 12.2% on a year-over-year basis. On average, analysts expect Strategic Education to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Strategic Education Price Performance

Shares of NASDAQ STRA opened at $99.35 on Wednesday. Strategic Education has a fifty-two week low of $64.53 and a fifty-two week high of $111.95. The company has a 50 day simple moving average of $100.89 and a two-hundred day simple moving average of $93.69. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 34.26, a P/E/G ratio of 1.17 and a beta of 0.50. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.57 and a current ratio of 1.57.

Strategic Education Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 11th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Friday, March 8th. Strategic Education’s payout ratio is 82.76%.

Insider Activity at Strategic Education

In other news, CFO Daniel Wayne Jackson sold 3,713 shares of Strategic Education stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $95.95, for a total transaction 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Daniel Wayne Jackson sold 3,713 shares of the business’s stock in a transaction that occurred 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 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 this link. Also, CEO Raymond Karl Mcdonnell sold 12,820 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $95.99, for a total transaction of $1,230,591.80. Following the sale, the chief executive officer now directly owns 161,359 shares in the company, valued at approximately $15,488,850.41. The disclosure for this sale can be found here. 3.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

STRA has been the subject of a number of recent analyst reports. TheStreet upgraded Strategic Education from a “c+” rating to a “b” rating in a research report on Thursday, February 29th. Bank of America upped their target price on Strategic Education from $104.00 to $124.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Barrington Research reissued an “outperform” rating and set a $125.00 price objective on shares of Strategic Education in a research report on Tuesday, April 9th. BMO Capital Markets upped their target price on shares of Strategic Education from $103.00 to $123.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Finally, Truist Financial upgraded shares of Strategic Education from a “hold” rating to a “buy” rating and raised their price target for the stock from $110.00 to $125.00 in a report on Wednesday, April 17th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.25.

Strategic Education Company Profile

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.