Strategic Education (STRA) Set to Announce Quarterly Earnings on Wednesday

Strategic Education (NASDAQ:STRA) will be posting its quarterly earnings results before the market opens on Wednesday, July 31st. Analysts expect Strategic Education to post earnings of $1.20 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Strategic Education Price Performance

Shares of NASDAQ:STRA opened at $118.85 on Tuesday. The company has a market cap of $2.92 billion, a P/E ratio of 28.16, a P/E/G ratio of 1.17 and a beta of 0.57. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.04. Strategic Education has a 52 week low of $72.44 and a 52 week high of $123.62. The business has a fifty day simple moving average of $112.63 and a 200-day simple moving average of $106.44.

Strategic Education Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 24th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date was Thursday, May 23rd. Strategic Education’s dividend payout ratio is currently 56.87%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on STRA shares. Barrington Research boosted their price target on Strategic Education from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. StockNews.com raised Strategic Education from a “hold” rating to a “buy” rating in a research report on Friday, April 26th. BMO Capital Markets reissued an “outperform” rating and set a $130.00 price target on shares of Strategic Education in a research report on Monday, July 15th. Finally, Truist Financial boosted their price target on Strategic Education from $125.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $133.50.

Insider Transactions at Strategic Education

In other news, Director Robert R. Grusky sold 250 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $118.55, for a total value of $29,637.50. Following the completion of the sale, the director now owns 11,695 shares of the company’s stock, valued at $1,386,442.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Robert R. Grusky sold 250 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $118.55, for a total value of $29,637.50. Following the completion of the sale, the director now owns 11,695 shares of the company’s stock, valued at $1,386,442.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert R. Grusky sold 350 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $122.50, for a total value of $42,875.00. Following the completion of the sale, the director now directly owns 11,345 shares of the company’s stock, valued at approximately $1,389,762.50. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.

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.