Strategic Education (NASDAQ:STRA) announced its earnings results on Thursday. The health services provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.08, RTT News reports. Strategic Education had a return on equity of 8.65% and a net margin of 0.62%. The company had revenue of $241.70 million during the quarter, compared to analysts’ expectations of $237.24 million. During the same period last year, the business posted $0.92 EPS. Strategic Education’s revenue for the quarter was up 50.2% on a year-over-year basis.
Shares of STRA opened at $133.88 on Friday. The stock has a 50-day simple moving average of $133.67 and a 200-day simple moving average of $163.29. Strategic Education has a 1 year low of $102.21 and a 1 year high of $189.79. The stock has a market capitalization of $2.71 billion, a PE ratio of 28.19, a PEG ratio of 1.24 and a beta of 0.47.
A number of equities analysts recently commented on STRA shares. ValuEngine upgraded Strategic Education from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Zacks Investment Research cut Strategic Education from a “hold” rating to a “sell” rating and set a $143.00 target price for the company. in a report on Tuesday, October 15th. Barrington Research set a $175.00 target price on Strategic Education and gave the company a “buy” rating in a report on Monday, October 21st. Finally, BidaskClub cut Strategic Education from a “sell” rating to a “strong sell” rating in a report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Strategic Education has a consensus rating of “Hold” and a consensus target price of $182.00.
Strategic Education, Inc, through its subsidiaries, provides a range of post-secondary education and non-degree programs in the United States. The company operates through three segments: Strayer University, Capella University, and Non-Degree Programs. It 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 74 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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