Zacks: Analysts Expect Strategic Education, Inc. (NASDAQ:STRA) Will Post Quarterly Sales of $299.08 Million

Equities research analysts expect that Strategic Education, Inc. (NASDAQ:STRA) will announce sales of $299.08 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Strategic Education’s earnings, with estimates ranging from $298.04 million to $300.11 million. Strategic Education reported sales of $255.83 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 16.9%. The firm is expected to report its next quarterly earnings results before the market opens on Wednesday, July 28th.

On average, analysts expect that Strategic Education will report full year sales of $1.17 billion for the current fiscal year. For the next fiscal year, analysts anticipate that the business will post sales of $1.20 billion, with estimates ranging from $1.19 billion to $1.20 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Strategic Education.

Strategic Education (NASDAQ:STRA) last announced its quarterly earnings results on Thursday, April 29th. The health services provider reported $1.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.56 by ($0.03). Strategic Education had a net margin of 5.76% and a return on equity of 8.59%. The company had revenue of $290.34 million during the quarter, compared to analyst estimates of $300.90 million.

STRA has been the topic of a number of analyst reports. Bank of America restated a “neutral” rating and set a $85.00 target price (down from $103.00) on shares of Strategic Education in a research report on Thursday, May 6th. BMO Capital Markets decreased their target price on Strategic Education from $130.00 to $98.00 and set an “outperform” rating on the stock in a research report on Monday, May 3rd. Truist reduced their price objective on shares of Strategic Education from $100.00 to $85.00 in a research report on Monday, May 3rd. Barrington Research reiterated an “outperform” rating and issued a $90.00 target price (down previously from $120.00) on shares of Strategic Education in a research report on Thursday, April 29th. Finally, Zacks Investment Research upgraded shares of Strategic Education from a “strong sell” rating to a “hold” rating and set a $80.00 price target for the company in a research report on Wednesday, June 30th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Strategic Education has an average rating of “Buy” and a consensus target price of $87.60.

Hedge funds have recently made changes to their positions in the business. Captrust Financial Advisors lifted its stake in Strategic Education by 2,055.0% during the fourth quarter. Captrust Financial Advisors now owns 431 shares of the health services provider’s stock worth $41,000 after purchasing an additional 411 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Strategic Education by 147.3% during the first quarter. International Assets Investment Management LLC now owns 1,083 shares of the health services provider’s stock worth $101,000 after acquiring an additional 645 shares during the period. ETF Managers Group LLC raised its stake in shares of Strategic Education by 9.7% in the fourth quarter. ETF Managers Group LLC now owns 1,993 shares of the health services provider’s stock valued at $191,000 after acquiring an additional 176 shares in the last quarter. 6 Meridian acquired a new stake in shares of Strategic Education in the first quarter valued at approximately $212,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of Strategic Education in the 1st quarter valued at $234,000. 90.11% of the stock is owned by institutional investors.

STRA traded down $0.48 on Friday, reaching $70.88. The stock had a trading volume of 3,869 shares, compared to its average volume of 192,675. The company has a 50-day moving average price of $75.11. The company has a market cap of $1.75 billion, a P/E ratio of 11.58, a P/E/G ratio of 1.30 and a beta of 0.42. Strategic Education has a 12-month low of $69.25 and a 12-month high of $173.65. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.08.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 7th. Investors of record on Friday, May 28th were given a $0.60 dividend. The ex-dividend date was Thursday, May 27th. This represents a $2.40 annualized dividend and a yield of 3.39%. Strategic Education’s payout ratio is 35.93%.

Strategic Education Company Profile

Strategic Education, Inc, through its subsidiaries, provides post-secondary education and non-degree programs. It operates in three segments: Strayer University, Capella University, and Australia/New Zealand. The company operates Strayer University that provides undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration, and criminal justice for working adult students through its 64 physical campuses located in the eastern United States, as well as through online; and an executive MBA online through its Jack Welch Management Institute.

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