Capella Education Company Announces Quarterly Dividend of $0.41 (NASDAQ:CPLA)
Capella Education Company (NASDAQ:CPLA) announced a quarterly dividend on Friday, August 4th, Wall Street Journal reports. Shareholders of record on Friday, August 25th will be paid a dividend of 0.41 per share on Friday, October 13th. This represents a $1.64 annualized dividend and a yield of 2.35%. The ex-dividend date is Wednesday, August 23rd.
Shares of Capella Education (NASDAQ CPLA) opened at 69.65 on Friday. The firm has a 50-day moving average of $84.07 and a 200 day moving average of $84.90. The company has a market cap of $812.89 million, a P/E ratio of 17.98 and a beta of 0.49. Capella Education has a 52 week low of $56.88 and a 52 week high of $99.25.
Capella Education (NASDAQ:CPLA) last posted its quarterly earnings results on Tuesday, July 25th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.10. Capella Education had a net margin of 10.49% and a return on equity of 20.23%. The business had revenue of $109.60 million during the quarter, compared to analysts’ expectations of $109.89 million. During the same quarter in the prior year, the company posted $0.93 EPS. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities analysts expect that Capella Education will post $3.54 EPS for the current fiscal year.
Several research firms have recently weighed in on CPLA. BidaskClub cut shares of Capella Education from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Zacks Investment Research cut shares of Capella Education from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 27th. BMO Capital Markets dropped their price target on shares of Capella Education from $86.00 to $79.45 and set an “outperform” rating for the company in a research note on Wednesday, July 26th. Finally, Barrington Research dropped their price target on shares of Capella Education from $98.00 to $90.00 and set an “outperform” rating for the company in a research note on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $87.69.
In related news, CEO J Kevin Gilligan sold 2,000 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $86.31, for a total transaction of $172,620.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steven L. Polacek sold 3,576 shares of the stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $93.51, for a total transaction of $334,391.76. The disclosure for this sale can be found here. Insiders have sold a total of 21,576 shares of company stock valued at $1,878,152 in the last ninety days. 3.56% of the stock is currently owned by corporate insiders.
Capella Education Company Profile
Capella Education Company is an education services company. The Company provides direct path between learning and employment through its online postsecondary education offerings and through programs to develop job-ready skills for demand markets. The company’s segments include post-secondary segment and job-ready skills segment.
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