Zacks Research Issues Optimistic Estimate for STRA Earnings

Strategic Education, Inc. (NASDAQ:STRA) – Equities research analysts at Zacks Research boosted their FY2024 earnings estimates for shares of Strategic Education in a research report issued on Thursday, November 21st. Zacks Research analyst R. Department now anticipates that the health services provider will post earnings of $4.77 per share for the year, up from their previous forecast of $4.69. The consensus estimate for Strategic Education’s current full-year earnings is $4.79 per share. Zacks Research also issued estimates for Strategic Education’s Q4 2024 earnings at $1.17 EPS, Q1 2025 earnings at $1.08 EPS, Q2 2025 earnings at $1.44 EPS, Q3 2025 earnings at $1.37 EPS, Q4 2025 earnings at $1.74 EPS, FY2025 earnings at $5.64 EPS, Q1 2026 earnings at $1.29 EPS, Q2 2026 earnings at $1.63 EPS and Q3 2026 earnings at $1.53 EPS.

Strategic Education (NASDAQ:STRA) last issued its quarterly earnings data on Thursday, November 7th. The health services provider reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.35. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The firm had revenue of $305.96 million for the quarter, compared to analyst estimates of $301.62 million. During the same quarter last year, the firm earned $0.97 earnings per share. The company’s revenue for the quarter was up 7.0% on a year-over-year basis.

Other equities analysts have also recently issued research reports about the company. StockNews.com cut Strategic Education from a “buy” rating to a “hold” rating in a report on Saturday, October 5th. BMO Capital Markets decreased their price objective on Strategic Education from $130.00 to $125.00 and set an “outperform” rating on the stock in a report on Thursday, August 1st. Barrington Research reissued an “outperform” rating and issued a $135.00 target price on shares of Strategic Education in a report on Thursday, November 7th. Finally, Truist Financial decreased their price target on Strategic Education from $145.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $126.00.

Strategic Education Stock Performance

STRA opened at $98.92 on Monday. The firm has a market cap of $2.43 billion, a P/E ratio of 18.84, a price-to-earnings-growth ratio of 1.38 and a beta of 0.57. The business has a 50 day moving average price of $91.42 and a 200 day moving average price of $101.41. Strategic Education has a twelve month low of $85.11 and a twelve month high of $123.62.

Institutional Trading of Strategic Education

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Strategic Education during the second quarter worth approximately $36,000. Meeder Asset Management Inc. acquired a new stake in shares of Strategic Education during the second quarter worth $36,000. CWM LLC increased its holdings in Strategic Education by 2,650.0% in the second quarter. CWM LLC now owns 330 shares of the health services provider’s stock valued at $37,000 after purchasing an additional 318 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Strategic Education during the 3rd quarter worth about $37,000. Finally, Innealta Capital LLC acquired a new position in Strategic Education during the second quarter valued at approximately $38,000. 93.27% of the stock is owned by institutional investors.

Strategic Education Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, December 2nd will be paid a $0.60 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.43%. Strategic Education’s dividend payout ratio (DPR) is currently 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.