Strategic Education (NASDAQ:STRA) Issues Earnings Results, Beats Expectations By $0.37 EPS

Strategic Education (NASDAQ:STRA) announced its quarterly earnings data on Wednesday. The health services provider reported $2.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.37, MarketWatch Earnings reports. Strategic Education had a net margin of 11.16% and a return on equity of 11.43%. The company had revenue of $255.80 million during the quarter, compared to analyst estimates of $246.54 million. The business’s revenue was up 4.4% compared to the same quarter last year.

Shares of Strategic Education stock traded down $8.19 on Friday, reaching $126.21. The stock had a trading volume of 272,270 shares, compared to its average volume of 135,669. The company has a 50 day moving average price of $156.32 and a 200 day moving average price of $154.96. Strategic Education has a 1 year low of $108.90 and a 1 year high of $188.64. The stock has a market capitalization of $2.99 billion, a P/E ratio of 17.73, a P/E/G ratio of 1.21 and a beta of 0.63.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Friday, September 4th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Thursday, September 3rd. Strategic Education’s payout ratio is currently 35.98%.

In other news, Director Robert R. Grusky sold 1,362 shares of Strategic Education stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $165.05, for a total value of $224,798.10. Following the transaction, the director now owns 7,322 shares of the company’s stock, valued at approximately $1,208,496.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert R. Grusky sold 705 shares of Strategic Education stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $155.05, for a total transaction of $109,310.25. Following the completion of the transaction, the director now directly owns 8,684 shares in the company, valued at approximately $1,346,454.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,139 shares of company stock worth $957,117. Insiders own 2.00% of the company’s stock.

A number of equities research analysts recently weighed in on STRA shares. Barrington Research reiterated a “buy” rating and set a $185.00 price objective on shares of Strategic Education in a report on Thursday, July 9th. Zacks Investment Research downgraded shares of Strategic Education from a “hold” rating to a “sell” rating and set a $158.00 target price on the stock. in a research report on Thursday, June 18th. BMO Capital Markets raised their target price on shares of Strategic Education from $180.00 to $188.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Sidoti raised shares of Strategic Education from a “neutral” rating to a “buy” rating in a research report on Thursday. Finally, BidaskClub downgraded shares of Strategic Education from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $179.50.

Strategic Education Company Profile

Strategic Education, Inc, through its subsidiaries, provides a range of post-secondary education and non-degree programs in the United States. The company operates through three segments: Strayer University, Capella University, and Non-Degree Programs. It operates Strayer University that provides undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration, and criminal justice for working adult students through its 74 physical campuses located in the eastern United States, as well as through online; and an executive MBA online through its Jack Welch Management Institute.

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Earnings History for Strategic Education (NASDAQ:STRA)

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