Zacks: Brokerages Anticipate Strategic Education Inc (STRA) to Post $1.50 Earnings Per Share

Analysts predict that Strategic Education Inc (NASDAQ:STRA) will announce earnings of $1.50 per share for the current quarter, according to Zacks. Two analysts have made estimates for Strategic Education’s earnings. The highest EPS estimate is $1.69 and the lowest is $1.36. Strategic Education posted earnings per share of $1.09 in the same quarter last year, which indicates a positive year-over-year growth rate of 37.6%. The business is scheduled to announce its next earnings results on Thursday, March 7th.

According to Zacks, analysts expect that Strategic Education will report full year earnings of $4.57 per share for the current year, with EPS estimates ranging from $4.47 to $4.66. For the next financial year, analysts expect that the business will report earnings of $6.10 per share, with EPS estimates ranging from $5.90 to $6.27. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Strategic Education.

Strategic Education (NASDAQ:STRA) last issued its quarterly earnings data on Thursday, November 8th. The health services provider reported $0.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.24. The business had revenue of $160.90 million for the quarter, compared to the consensus estimate of $185.48 million. Strategic Education had a positive return on equity of 10.30% and a negative net margin of 8.74%. The firm’s revenue was up 48.3% compared to the same quarter last year. During the same period last year, the business earned $0.34 EPS.

STRA has been the topic of several recent analyst reports. Zacks Investment Research downgraded Strategic Education from a “buy” rating to a “hold” rating in a research report on Monday, July 30th. Piper Jaffray Companies lifted their price target on Strategic Education to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, August 2nd. ValuEngine downgraded Strategic Education from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Barrington Research initiated coverage on Strategic Education in a research report on Tuesday, August 21st. They issued an “outperform” rating and a $160.00 price target on the stock. Finally, BMO Capital Markets lifted their price target on Strategic Education to $152.00 and gave the stock an “outperform” rating in a research report on Friday, August 24th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $148.60.

In other news, insider J Kevin Gilligan sold 5,000 shares of Strategic Education stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $136.55, for a total transaction of $682,750.00. Following the sale, the insider now owns 126,237 shares of the company’s stock, valued at approximately $17,237,662.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert R. Grusky sold 507 shares of Strategic Education stock in a transaction that occurred on Monday, November 12th. The stock was sold at an average price of $144.05, for a total value of $73,033.35. Following the sale, the director now directly owns 12,567 shares in the company, valued at approximately $1,810,276.35. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 60,507 shares of company stock worth $8,050,733. Company insiders own 3.70% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Morgan Stanley grew its holdings in shares of Strategic Education by 93.5% during the 3rd quarter. Morgan Stanley now owns 69,910 shares of the health services provider’s stock worth $9,581,000 after purchasing an additional 33,778 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Strategic Education by 117.2% during the 3rd quarter. Legal & General Group Plc now owns 50,227 shares of the health services provider’s stock worth $6,862,000 after purchasing an additional 27,098 shares in the last quarter. Sawgrass Asset Management LLC grew its holdings in shares of Strategic Education by 31.0% during the 3rd quarter. Sawgrass Asset Management LLC now owns 3,680 shares of the health services provider’s stock worth $504,000 after purchasing an additional 870 shares in the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of Strategic Education by 180.6% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 67,348 shares of the health services provider’s stock worth $9,229,000 after purchasing an additional 43,348 shares in the last quarter. Finally, Teachers Advisors LLC grew its holdings in shares of Strategic Education by 688.9% during the 3rd quarter. Teachers Advisors LLC now owns 156,819 shares of the health services provider’s stock worth $21,489,000 after purchasing an additional 136,942 shares in the last quarter.

NASDAQ STRA traded down $1.81 during trading on Friday, hitting $128.43. The company’s stock had a trading volume of 26,186 shares, compared to its average volume of 174,183. The company has a market cap of $2.83 billion, a P/E ratio of 41.30, a P/E/G ratio of 2.85 and a beta of 1.03. Strategic Education has a 52 week low of $80.75 and a 52 week high of $154.89.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.56%. The ex-dividend date is Friday, November 30th. Strategic Education’s dividend payout ratio is currently 64.31%.

About Strategic Education

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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