Stride (NYSE:LRN) Announces Quarterly Earnings Results

Stride (NYSE:LRN) issued its quarterly earnings data on Tuesday. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.30, FiscalAI reports. Stride had a net margin of 13.43% and a return on equity of 23.49%. The firm had revenue of $639.38 million during the quarter, compared to the consensus estimate of $612.25 million.

Stride Stock Performance

NYSE LRN traded down $2.46 during trading on Tuesday, reaching $78.53. The company’s stock had a trading volume of 1,391,049 shares, compared to its average volume of 923,868. The firm has a 50 day moving average price of $82.10 and a 200 day moving average price of $87.35. Stride has a 12 month low of $60.61 and a 12 month high of $155.06. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 10.91, a price-to-earnings-growth ratio of 0.48 and a beta of 0.14. The company has a current ratio of 5.94, a quick ratio of 5.81 and a debt-to-equity ratio of 0.29.

Wall Street Analyst Weigh In

LRN has been the topic of several research reports. William Blair downgraded Stride from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 30th. BMO Capital Markets dropped their price target on Stride from $93.00 to $90.00 and set a “market perform” rating for the company in a report on Monday, October 5th. Finally, Weiss Ratings upgraded Stride from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $108.75.

About Stride

Stride, Inc is an education technology company that provides online and blended learning programs for K-12 students. The company partners with public school districts, charter schools and other education organizations to deliver digital curricula, instructional software, teaching support and student services. Its offerings are designed to support full-time virtual schools, supplemental courses and traditional schools incorporating online learning.

Stride also provides career-focused education through programs that combine academic instruction with career exploration, technical training and industry-aligned learning opportunities.