Stride, Inc. (NYSE:LRN) to Post FY2024 Earnings of $4.52 Per Share, Barrington Research Forecasts

Stride, Inc. (NYSE:LRN) – Stock analysts at Barrington Research boosted their FY2024 earnings estimates for shares of Stride in a research note issued on Wednesday, April 24th. Barrington Research analyst A. Paris now anticipates that the company will earn $4.52 per share for the year, up from their prior forecast of $4.25. Barrington Research has a “Outperform” rating and a $75.00 price target on the stock. The consensus estimate for Stride’s current full-year earnings is $4.31 per share. Barrington Research also issued estimates for Stride’s Q4 2024 earnings at $1.28 EPS and FY2025 earnings at $5.00 EPS.

Stride (NYSE:LRN) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.13. The firm had revenue of $520.84 million during the quarter, compared to analyst estimates of $507.89 million. Stride had a return on equity of 18.86% and a net margin of 9.29%. Stride’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the company earned $1.30 EPS.

LRN has been the topic of a number of other reports. Citigroup raised their target price on shares of Stride from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. BMO Capital Markets raised their price objective on Stride from $71.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Wedbush reiterated an “outperform” rating on shares of Stride in a report on Wednesday, January 24th. StockNews.com raised Stride from a “hold” rating to a “buy” rating in a research report on Tuesday, April 2nd. Finally, Morgan Stanley lifted their price objective on Stride from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $71.75.

Stride Trading Up 8.6 %

LRN stock opened at $63.20 on Thursday. The company has a market capitalization of $2.74 billion, a PE ratio of 14.84, a P/E/G ratio of 0.67 and a beta of 0.26. The company has a debt-to-equity ratio of 0.43, a current ratio of 4.52 and a quick ratio of 4.44. Stride has a 12 month low of $35.61 and a 12 month high of $69.70. The firm’s 50-day moving average is $60.26 and its 200 day moving average is $58.25.

Hedge Funds Weigh In On Stride

A number of large investors have recently added to or reduced their stakes in the company. Ronald Blue Trust Inc. boosted its holdings in shares of Stride by 348.1% in the 3rd quarter. Ronald Blue Trust Inc. now owns 578 shares of the company’s stock valued at $26,000 after buying an additional 449 shares in the last quarter. McGlone Suttner Wealth Management Inc. purchased a new stake in Stride during the fourth quarter valued at approximately $29,000. McIlrath & Eck LLC purchased a new position in Stride in the third quarter worth $31,000. Strs Ohio acquired a new position in shares of Stride during the fourth quarter worth $47,000. Finally, GAMMA Investing LLC acquired a new position in shares of Stride during the fourth quarter worth $65,000. 98.24% of the stock is currently owned by institutional investors.

Stride Company Profile

Stride, Inc, a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally.