Strategic Education, Inc. (NASDAQ:STRA) Given Average Recommendation of “Buy” by Analysts

Shares of Strategic Education, Inc. (NASDAQ:STRA) have been assigned an average recommendation of “Buy” from the four research firms that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have covered the stock in the last year is $132.25.

A number of brokerages have issued reports on STRA. StockNews.com lowered shares of Strategic Education from a “buy” rating to a “hold” rating in a research note on Thursday. Truist Financial upped their target price on shares of Strategic Education from $125.00 to $145.00 and gave the company a “buy” rating in a report on Friday, April 26th. BMO Capital Markets dropped their price target on Strategic Education from $130.00 to $125.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Barrington Research boosted their price objective on Strategic Education from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th.

Strategic Education Trading Down 2.1 %

STRA opened at $94.84 on Wednesday. The business’s 50 day moving average price is $111.73 and its 200 day moving average price is $106.80. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.49 and a current ratio of 1.57. The stock has a market capitalization of $2.33 billion, a PE ratio of 22.47, a P/E/G ratio of 0.94 and a beta of 0.57. Strategic Education has a one year low of $72.44 and a one year high of $123.62.

Strategic Education (NASDAQ:STRA) last released its quarterly earnings results on Wednesday, July 31st. The health services provider reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.14. Strategic Education had a net margin of 9.84% and a return on equity of 7.47%. The business had revenue of $312.30 million for the quarter, compared to the consensus estimate of $308.16 million. During the same period in the previous year, the firm earned $0.82 EPS. The business’s revenue was up 8.6% on a year-over-year basis. As a group, equities research analysts expect that Strategic Education will post 4.96 EPS for the current year.

Strategic Education Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, September 6th will be paid a dividend of $0.60 per share. The ex-dividend date is Friday, September 6th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.53%. Strategic Education’s dividend payout ratio (DPR) is 56.87%.

Hedge Funds Weigh In On Strategic Education

A number of large investors have recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Strategic Education in the 2nd quarter valued at approximately $36,000. CWM LLC grew its stake in Strategic Education by 2,650.0% in the 2nd quarter. CWM LLC now owns 330 shares of the health services provider’s stock worth $37,000 after acquiring an additional 318 shares during the period. Innealta Capital LLC acquired a new position in Strategic Education in the 2nd quarter valued at $38,000. Rothschild Investment LLC purchased a new position in shares of Strategic Education during the 2nd quarter worth $38,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Strategic Education during the fourth quarter worth $73,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Strategic Education Company Profile

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.