Zacks Research Has Bullish Estimate for STRA FY2024 Earnings

Strategic Education, Inc. (NASDAQ:STRA) – Equities research analysts at Zacks Research boosted their FY2024 EPS estimates for Strategic Education in a report released on Thursday, November 21st. Zacks Research analyst R. Department now anticipates that the health services provider will earn $4.77 per share for the year, up from their previous forecast of $4.69. The consensus estimate for Strategic Education’s current full-year earnings is $4.76 per share. Zacks Research also issued estimates for Strategic Education’s Q4 2024 earnings at $1.17 EPS, Q1 2025 earnings at $1.08 EPS, Q2 2025 earnings at $1.44 EPS, Q3 2025 earnings at $1.37 EPS, Q4 2025 earnings at $1.74 EPS, FY2025 earnings at $5.64 EPS, Q1 2026 earnings at $1.29 EPS, Q2 2026 earnings at $1.63 EPS and Q3 2026 earnings at $1.53 EPS.

Other equities research analysts also recently issued reports about the company. StockNews.com downgraded Strategic Education from a “buy” rating to a “hold” rating in a report on Saturday, October 5th. 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. Barrington Research restated an “outperform” rating and issued a $135.00 price objective on shares of Strategic Education in a research note on Thursday, November 7th. Finally, BMO Capital Markets reduced their target price on shares of Strategic Education from $130.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, August 1st. One equities research 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 company currently has an average rating of “Moderate Buy” and an average target price of $126.00.

Strategic Education Stock Performance

STRA opened at $99.40 on Monday. Strategic Education has a one year low of $85.11 and a one year high of $123.62. The stock has a market capitalization of $2.44 billion, a P/E ratio of 18.93, a price-to-earnings-growth ratio of 1.35 and a beta of 0.57. The business’s 50-day simple moving average is $91.32 and its 200-day simple moving average is $101.56.

Strategic Education (NASDAQ:STRA) last announced its quarterly earnings results on Thursday, November 7th. The health services provider reported $1.16 EPS for the quarter, topping the consensus estimate of $0.81 by $0.35. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The firm had revenue of $305.96 million for the quarter, compared to analyst estimates of $301.62 million. During the same period last year, the business earned $0.97 EPS. Strategic Education’s revenue for the quarter was up 7.0% compared to the same quarter last year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in STRA. Wedge Capital Management L L P NC purchased a new stake in Strategic Education during the second quarter worth about $1,357,000. Quadrature Capital Ltd acquired a new position in Strategic Education during the first quarter worth $738,000. Envestnet Asset Management Inc. boosted its position in Strategic Education by 7.4% during the second quarter. Envestnet Asset Management Inc. now owns 369,728 shares of the health services provider’s stock worth $40,914,000 after purchasing an additional 25,455 shares in the last quarter. Beck Bode LLC purchased a new stake in Strategic Education during the second quarter worth $1,028,000. Finally, AQR Capital Management LLC grew its holdings in Strategic Education by 531.8% in the second quarter. AQR Capital Management LLC now owns 42,980 shares of the health services provider’s stock valued at $4,726,000 after purchasing an additional 36,177 shares during the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Strategic Education Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, December 2nd will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Monday, December 2nd. Strategic Education’s payout ratio is 45.71%.

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.