Q4 EPS Forecast for Strategic Education Increased by Analyst

Strategic Education, Inc. (NASDAQ:STRA) – Zacks Research boosted their Q4 2024 earnings per share (EPS) estimates for Strategic Education in a research note issued on Wednesday, January 15th. Zacks Research analyst R. Department now anticipates that the health services provider will earn $1.18 per share for the quarter, up from their prior forecast of $1.17. The consensus estimate for Strategic Education’s current full-year earnings is $4.79 per share.

Several other research firms also recently issued reports on STRA. StockNews.com downgraded Strategic Education from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th. Truist Financial cut their target price on Strategic Education from $145.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Finally, Barrington Research reissued an “outperform” rating and issued a $135.00 target price on shares of Strategic Education in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $126.00.

Strategic Education Trading Down 0.2 %

Shares of STRA opened at $96.98 on Monday. Strategic Education has a 12 month low of $85.11 and a 12 month high of $123.62. The stock has a fifty day moving average price of $96.24 and a 200-day moving average price of $96.68. The firm has a market cap of $2.38 billion, a PE ratio of 18.47, a P/E/G ratio of 1.08 and a beta of 0.58.

Strategic Education (NASDAQ:STRA) last posted its earnings results on Thursday, November 7th. The health services provider reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.35. The company had revenue of $305.96 million during the quarter, compared to analyst estimates of $301.62 million. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. During the same quarter in the prior year, the business earned $0.97 earnings per share. Strategic Education’s revenue was up 7.0% on a year-over-year basis.

Institutional Investors Weigh In On Strategic Education

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC boosted its stake in shares of Strategic Education by 10,374.4% during the 3rd quarter. International Assets Investment Management LLC now owns 199,538 shares of the health services provider’s stock worth $18,467,000 after acquiring an additional 197,633 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Strategic Education by 76.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 399,144 shares of the health services provider’s stock worth $36,941,000 after acquiring an additional 173,225 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Strategic Education during the 2nd quarter worth about $12,231,000. Weiss Asset Management LP purchased a new stake in shares of Strategic Education during the 3rd quarter worth about $5,635,000. Finally, State Street Corp boosted its stake in shares of Strategic Education by 6.1% during the 3rd quarter. State Street Corp now owns 890,133 shares of the health services provider’s stock worth $82,382,000 after acquiring an additional 50,980 shares in the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.

Strategic Education Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.47%. The ex-dividend date was Monday, December 2nd. Strategic Education’s dividend payout ratio is currently 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.