Strategic Education Inc. (STRA) to Distribute Quarterly Dividend of $0.60 on September 14th

Strategic Education Inc. (NASDAQ:STRA) announced a quarterly dividend on Wednesday, July 29th. Stockholders of record on Friday, September 4th will be given a dividend of 0.60 per share by the health services provider on Monday, September 14th. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, September 4th.

Strategic Education has a payout ratio of 35.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Strategic Education to earn $8.12 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 29.6%.

Strategic Education Stock Performance

Shares of NASDAQ:STRA opened at $85.08 on Friday. The company has a market cap of $1.92 billion, a P/E ratio of 14.18, a PEG ratio of 0.81 and a beta of 0.50. Strategic Education has a one year low of $69.70 and a one year high of $89.73. The business’s 50-day simple moving average is $78.94 and its 200 day simple moving average is $80.17.

Strategic Education (NASDAQ:STRA) last released its quarterly earnings results on Wednesday, July 29th. The health services provider reported $1.76 EPS for the quarter, missing the consensus estimate of $1.80 by ($0.04). The company had revenue of $321.60 million for the quarter, compared to analyst estimates of $327.55 million. Strategic Education had a return on equity of 8.98% and a net margin of 10.46%.The business’s revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm posted $1.54 earnings per share. Analysts predict that Strategic Education will post 7.2 earnings per share for the current year.

Analysts Set New Price Targets

STRA has been the topic of a number of recent research reports. Barrington Research set a $105.00 target price on shares of Strategic Education in a research report on Wednesday. BMO Capital Markets raised their price target on shares of Strategic Education from $86.00 to $91.00 and gave the company an “outperform” rating in a report on Monday, July 6th. Truist Financial lifted their price target on shares of Strategic Education from $80.00 to $90.00 and gave the stock a “hold” rating in a research note on Thursday. Wall Street Zen lowered shares of Strategic Education from a “buy” rating to a “hold” rating in a report on Wednesday, June 24th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Strategic Education in a research report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $95.33.

About Strategic Education

Strategic Education, Inc is a publicly traded higher education services holding company headquartered in Herndon, Virginia. Through its primary operating subsidiaries, Strayer University and Capella University, the company delivers degree programs and professional development opportunities to working adults. Its offerings span undergraduate and graduate degrees, certificates, continuing education, and workforce training in fields such as business, technology, health services, education, and public administration.

Strayer University, with a network of physical campuses across the United States complemented by an online platform, provides associate’s through doctoral degrees designed to accommodate non-traditional students.