Stride (LRN) Scheduled to Post Quarterly Earnings on Tuesday

Stride (NYSE:LRN) will release its earnings data after the market closes on Tuesday, October 22nd. Analysts expect Stride to post earnings of $0.20 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Stride (NYSE:LRN) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.27 by $0.15. Stride had a net margin of 10.01% and a return on equity of 19.12%. The company had revenue of $534.18 million for the quarter, compared to analyst estimates of $525.89 million. During the same quarter last year, the business earned $1.01 earnings per share. Stride’s revenue was up 10.5% compared to the same quarter last year. On average, analysts expect Stride to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Stride Stock Performance

Shares of LRN stock opened at $64.52 on Friday. Stride has a 12-month low of $43.77 and a 12-month high of $88.02. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.10 and a quick ratio of 4.95. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 15.15, a price-to-earnings-growth ratio of 0.74 and a beta of 0.26. The business has a 50 day simple moving average of $79.82 and a 200 day simple moving average of $72.35.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LRN. Citigroup cut shares of Stride from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $77.00 to $90.00 in a research note on Tuesday, August 20th. Barrington Research reiterated an “outperform” rating and issued a $90.00 price objective on shares of Stride in a report on Friday, October 11th. Canaccord Genuity Group assumed coverage on Stride in a report on Thursday, August 8th. They set a “buy” rating and a $94.00 target price on the stock. StockNews.com raised Stride from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Finally, Canaccord Genuity Group assumed coverage on Stride in a research note on Thursday, August 8th. They issued a “buy” rating and a $94.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $85.83.

About Stride

Stride, Inc, a technology-based education service company, engages in the provision of proprietary and third-party online curriculum, software systems, and educational services in the United States and internationally. Its technology-based products and services enable clients to attract, enroll, educate, track progress, support, and facilitate individualized learning for students.