Strategic Education (STRA) Posts Earnings Results, Beats Estimates By $0.24 EPS

Strategic Education (NASDAQ:STRA) posted its quarterly earnings results on Thursday. The health services provider reported $0.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.24, MarketWatch Earnings reports. The company had revenue of $160.90 million for the quarter, compared to the consensus estimate of $185.48 million. Strategic Education had a return on equity of 18.39% and a net margin of 3.14%. The firm’s quarterly revenue was up 48.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.34 EPS.

Strategic Education stock traded up $15.76 during mid-day trading on Thursday, hitting $150.04. 16,827 shares of the company’s stock were exchanged, compared to its average volume of 114,016. The company has a market capitalization of $1.50 billion, a PE ratio of 48.30, a PEG ratio of 3.03 and a beta of 1.03. Strategic Education has a fifty-two week low of $80.75 and a fifty-two week high of $138.97.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.33%. Strategic Education’s dividend payout ratio (DPR) is currently 64.31%.

A number of research analysts have recently weighed in on the company. ValuEngine downgraded Strategic Education from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. BMO Capital Markets increased their price target on Strategic Education to $152.00 and gave the company an “outperform” rating in a research note on Friday, August 24th. Zacks Investment Research downgraded Strategic Education from a “buy” rating to a “hold” rating in a research note on Monday, July 30th. Barrington Research assumed coverage on Strategic Education in a research note on Tuesday, August 21st. They issued an “outperform” rating and a $160.00 price target on the stock. Finally, BidaskClub raised Strategic Education from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 18th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $144.40.

In related news, insider J Kevin Gilligan sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $135.79, for a total transaction of $678,950.00. Following the sale, the insider now owns 128,744 shares of the company’s stock, valued at approximately $17,482,147.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 60,000 shares of company stock worth $7,899,800 in the last ninety days. 3.70% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of STRA. ValueAct Holdings L.P. acquired a new stake in Strategic Education during the 2nd quarter worth $21,862,000. Handelsbanken Fonder AB acquired a new stake in Strategic Education during the 3rd quarter worth $24,665,000. Peregrine Capital Management LLC acquired a new stake in Strategic Education during the 3rd quarter worth $20,540,000. BlackRock Inc. raised its stake in Strategic Education by 9.8% during the 2nd quarter. BlackRock Inc. now owns 1,475,597 shares of the health services provider’s stock worth $166,758,000 after buying an additional 131,138 shares during the period. Finally, Castleark Management LLC acquired a new stake in Strategic Education during the 2nd quarter worth $10,526,000. 99.93% of the stock is currently owned by institutional investors and hedge funds.

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Strategic Education Company Profile

Strategic Education, Inc, through its subsidiaries, provides a range of post-secondary education and other academic programs in the United States. The company operates Strayer University and Capella University that provide undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, nursing, public administration, and criminal justice to working adult students through its 74 physical campuses primarily located in the Mid-Atlantic and Southern regions, as well as through online.

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Earnings History for Strategic Education (NASDAQ:STRA)

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