Barrington Research Has Weak Forecast for STRA Q4 Earnings

Strategic Education, Inc. (NASDAQ:STRA) – Equities researchers at Barrington Research lowered their Q4 2024 earnings per share estimates for Strategic Education in a research report issued on Thursday, November 7th. Barrington Research analyst A. Paris now forecasts that the health services provider will earn $1.23 per share for the quarter, down from their prior estimate of $1.39. Barrington Research has a “Outperform” rating and a $135.00 price target on the stock. The consensus estimate for Strategic Education’s current full-year earnings is $4.69 per share.

Several other brokerages also recently weighed in on STRA. Truist Financial reduced their price target on Strategic Education from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. BMO Capital Markets dropped their target price on Strategic Education from $130.00 to $125.00 and set an “outperform” rating on the stock in a research report on Thursday, August 1st. Finally, StockNews.com cut Strategic Education from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $126.00.

Strategic Education Price Performance

Shares of Strategic Education stock opened at $97.97 on Monday. Strategic Education has a 12 month low of $85.11 and a 12 month high of $123.62. The company has a current ratio of 1.34, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04. The stock has a 50 day moving average of $90.77 and a 200 day moving average of $102.99. The firm has a market cap of $2.41 billion, a PE ratio of 18.66, a PEG ratio of 1.43 and a beta of 0.57.

Strategic Education (NASDAQ:STRA) last released its quarterly earnings data 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 firm 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%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.97 earnings per share.

Hedge Funds Weigh In On Strategic Education

Institutional investors and hedge funds have recently modified their holdings of the company. Intech Investment Management LLC purchased a new position in Strategic Education during the third quarter worth about $702,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Strategic Education by 38.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 33,577 shares of the health services provider’s stock worth $3,108,000 after purchasing an additional 9,277 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Strategic Education by 19.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 43,755 shares of the health services provider’s stock worth $4,050,000 after purchasing an additional 7,203 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Strategic Education by 51.5% during the 3rd quarter. Victory Capital Management Inc. now owns 57,345 shares of the health services provider’s stock worth $5,307,000 after purchasing an additional 19,483 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of Strategic Education during the 3rd quarter worth approximately $323,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Strategic Education Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 2nd will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Monday, December 2nd. Strategic Education’s dividend payout ratio is presently 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.