Strategic Education (NASDAQ:STRA – Get Rating) posted its quarterly earnings results on Thursday. The health services provider reported $0.24 EPS for the quarter, topping the consensus estimate of $0.22 by $0.02, Briefing.com reports. The company had revenue of $256.61 million during the quarter, compared to analysts’ expectations of $259.34 million. Strategic Education had a net margin of 4.38% and a return on equity of 3.65%. The firm’s revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 EPS.
Strategic Education Trading Up 0.8 %
STRA traded up $0.72 during trading on Friday, hitting $90.70. The company’s stock had a trading volume of 16,610 shares, compared to its average volume of 114,592. Strategic Education has a twelve month low of $59.43 and a twelve month high of $98.22. The stock has a market cap of $2.23 billion, a PE ratio of 46.86, a PEG ratio of 1.51 and a beta of 0.63. The firm’s 50 day moving average price is $88.86 and its 200-day moving average price is $83.46. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.57 and a quick ratio of 1.57.
Strategic Education Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 5th. Stockholders of record on Friday, May 26th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Thursday, May 25th. Strategic Education’s dividend payout ratio is presently 123.71%.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the stock. Bank of America assumed coverage on shares of Strategic Education in a report on Thursday, April 13th. They set a “neutral” rating on the stock. Barrington Research reaffirmed an “outperform” rating and set a $110.00 price objective on shares of Strategic Education in a report on Friday, April 14th. StockNews.com assumed coverage on Strategic Education in a research report on Thursday, March 16th. They set a “hold” rating on the stock. Truist Financial upped their target price on Strategic Education from $75.00 to $85.00 and gave the company a “hold” rating in a research report on Friday, February 24th. Finally, TheStreet raised Strategic Education from a “c” rating to a “b-” rating in a research report on Wednesday, February 1st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Strategic Education currently has an average rating of “Hold” and a consensus price target of $94.33.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Rice Hall James & Associates LLC boosted its holdings in Strategic Education by 3.2% in the first quarter. Rice Hall James & Associates LLC now owns 276,273 shares of the health services provider’s stock valued at $18,339,000 after acquiring an additional 8,438 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Strategic Education by 3.1% during the 1st quarter. Bank of New York Mellon Corp now owns 420,922 shares of the health services provider’s stock worth $27,940,000 after buying an additional 12,646 shares during the period. US Bancorp DE lifted its holdings in Strategic Education by 585.2% in the 1st quarter. US Bancorp DE now owns 1,295 shares of the health services provider’s stock worth $86,000 after buying an additional 1,106 shares in the last quarter. Citigroup Inc. boosted its position in Strategic Education by 9.7% in the 1st quarter. Citigroup Inc. now owns 19,819 shares of the health services provider’s stock valued at $1,316,000 after buying an additional 1,746 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Strategic Education by 16.0% during the first quarter. PNC Financial Services Group Inc. now owns 1,441 shares of the health services provider’s stock valued at $95,000 after acquiring an additional 199 shares in the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Strategic Education, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Strategic Education wasn’t on the list.
While Strategic Education currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Source: marketbeat.com
