Strategic Education, Inc. (NASDAQ:STRA – Get Rating) – Equities researchers at Barrington Research raised their Q3 2023 earnings per share (EPS) estimates for shares of Strategic Education in a research report issued on Thursday, April 27th. Barrington Research analyst A. Paris now expects that the health services provider will post earnings of $0.72 per share for the quarter, up from their prior forecast of $0.70. Barrington Research has a “Outperform” rating and a $110.00 price target on the stock. The consensus estimate for Strategic Education’s current full-year earnings is $3.12 per share. Barrington Research also issued estimates for Strategic Education’s Q4 2023 earnings at $1.36 EPS, FY2023 earnings at $2.90 EPS and FY2024 earnings at $4.00 EPS.
Other analysts also recently issued research reports about the company. Truist Financial boosted their price objective on Strategic Education from $75.00 to $85.00 and gave the company a “hold” rating in a research report on Friday, February 24th. VNET Group reiterated a “reiterates” rating on shares of Strategic Education in a research report on Friday. Bank of America lowered their price objective on Strategic Education from $103.00 to $99.00 in a research report on Sunday. TheStreet raised Strategic Education from a “c” rating to a “b-” rating in a research note on Wednesday, February 1st. Finally, StockNews.com started coverage on Strategic Education in a research note on Thursday, March 16th. They set a “hold” rating on the stock. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Strategic Education has an average rating of “Hold” and a consensus target price of $95.50.
Strategic Education Stock Performance
Shares of STRA stock opened at $88.00 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.57 and a current ratio of 1.48. Strategic Education has a fifty-two week low of $59.43 and a fifty-two week high of $98.22. The stock has a 50 day moving average price of $88.73 and a two-hundred day moving average price of $83.94. The company has a market capitalization of $2.16 billion, a P/E ratio of 56.41, a PEG ratio of 1.47 and a beta of 0.63.
Strategic Education (NASDAQ:STRA – Get Rating) last released its earnings results on Thursday, April 27th. The health services provider reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. Strategic Education had a return on equity of 3.26% and a net margin of 3.54%. The company had revenue of $256.61 million during the quarter, compared to the consensus estimate of $259.34 million. During the same quarter in the previous year, the company posted $0.54 EPS. Strategic Education’s quarterly revenue was down .9% compared to the same quarter last year.
Institutional Investors Weigh In On Strategic Education
Several institutional investors have recently modified their holdings of STRA. Quadrant Capital Group LLC boosted its position in Strategic Education by 77.8% in the fourth quarter. Quadrant Capital Group LLC now owns 393 shares of the health services provider’s stock worth $31,000 after purchasing an additional 172 shares during the last quarter. State of Wyoming purchased a new position in Strategic Education in the fourth quarter worth about $33,000. Ronald Blue Trust Inc. boosted its position in Strategic Education by 156.1% in the first quarter. Ronald Blue Trust Inc. now owns 479 shares of the health services provider’s stock worth $38,000 after purchasing an additional 292 shares during the last quarter. Wipfli Financial Advisors LLC purchased a new position in Strategic Education in the third quarter worth about $47,000. Finally, Daiwa Securities Group Inc. purchased a new position in Strategic Education in the fourth quarter worth about $47,000. 95.33% of the stock is owned by hedge funds and other institutional investors.
Strategic Education Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 5th. Investors of record on Friday, May 26th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, May 25th. This represents a $2.40 annualized dividend and a dividend yield of 2.73%. Strategic Education’s dividend payout ratio (DPR) is presently 153.85%.
About Strategic Education
Strategic Education, Inc engages in the provision of educational services. It provides access to education through campus-based and online post-secondary education offerings, as well as through programs to develop job-ready skills. The firm operates through three segments: U.S. Higher Education, Education Technology Services and Australia/New Zealand.
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