Strategic Education (NASDAQ:STRA) Issues Earnings Results

Strategic Education (NASDAQ:STRA) issued its quarterly earnings data on Thursday. The health services provider reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.35, Briefing.com reports. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The business had revenue of $305.96 million during the quarter, compared to the consensus estimate of $301.62 million. During the same period in the prior year, the firm posted $0.97 EPS. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year.

Strategic Education Trading Up 1.4 %

Shares of STRA stock opened at $99.91 on Friday. The company has a 50 day moving average of $90.74 and a 200-day moving average of $103.11. The company has a quick ratio of 1.57, a current ratio of 1.34 and a debt-to-equity ratio of 0.04. Strategic Education has a 12-month low of $85.11 and a 12-month high of $123.62. The firm has a market cap of $2.46 billion, a P/E ratio of 19.03, a PEG ratio of 1.43 and a beta of 0.57.

Strategic Education Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.40%. Strategic Education’s payout ratio is currently 45.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on STRA shares. Barrington Research reaffirmed an “outperform” rating and issued a $135.00 price objective on shares of Strategic Education in a research report on Thursday. BMO Capital Markets reduced their price objective on shares of Strategic Education from $130.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, August 1st. StockNews.com lowered shares of Strategic Education from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th. Finally, Truist Financial decreased their price target on shares of Strategic Education from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $126.00.

About Strategic Education

Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. The company operates through U.S. Higher Education, Australia/New Zealand, and Education Technology Services segments. It operates Strayer University that offers undergraduate and graduate degree programs in business, criminal justice, education, health services, information technology, and public administration at physical campuses located in the eastern United States, as well as through online; non-degree web and mobile application development courses through Hackbright Academy and Devmountain; and MBA online through its Jack Welch Management Institute.