FY2024 EPS Estimates for Strategic Education, Inc. Reduced by Zacks Research (NASDAQ:STRA)

Strategic Education, Inc. (NASDAQ:STRA) – Investment analysts at Zacks Research dropped their FY2024 earnings per share estimates for Strategic Education in a research report issued to clients and investors on Wednesday, August 14th. Zacks Research analyst S. Singha now forecasts that the health services provider will earn $4.69 per share for the year, down from their prior forecast of $4.82. The consensus estimate for Strategic Education’s current full-year earnings is $4.71 per share. Zacks Research also issued estimates for Strategic Education’s Q2 2026 earnings at $1.50 EPS and FY2026 earnings at $5.78 EPS.

Strategic Education (NASDAQ:STRA) last issued its quarterly earnings data 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 return on equity of 7.47% and a net margin of 9.84%. 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 prior year, the business posted $0.82 earnings per share. The company’s quarterly revenue was up 8.6% compared to the same quarter last year.

A number of other brokerages also recently issued reports on STRA. StockNews.com downgraded Strategic Education from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. 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 research report on Thursday, August 1st. Barrington Research increased their price target on Strategic Education from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Finally, Truist Financial increased their price target on Strategic Education from $125.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, April 26th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $132.25.

Strategic Education Trading Down 0.3 %

Shares of STRA stock opened at $96.17 on Monday. Strategic Education has a 1 year low of $73.87 and a 1 year high of $123.62. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.57 and a quick ratio of 1.57. The stock’s 50 day simple moving average is $107.28 and its two-hundred day simple moving average is $106.71. The company has a market cap of $2.37 billion, a PE ratio of 22.79, a price-to-earnings-growth ratio of 1.05 and a beta of 0.57.

Strategic Education Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, September 6th will be issued a $0.60 dividend. The ex-dividend date is Friday, September 6th. This represents a $2.40 annualized dividend and a dividend yield of 2.50%. Strategic Education’s payout ratio is 56.87%.

Insider Transactions at Strategic Education

In other news, Director Viet D. Dinh acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average price of $95.59 per share, with a total value of $477,950.00. Following the completion of the purchase, the director now directly owns 20,020 shares in the company, valued at $1,913,711.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 Asset Management L.P. bought a new position in Strategic Education in the second quarter worth approximately $609,000. Wellington Wealth Strategies LLC. bought a new stake in Strategic Education during the 2nd quarter valued at $298,000. Creative Planning boosted its position in Strategic Education by 16.9% during the 2nd quarter. Creative Planning now owns 2,630 shares of the health services provider’s stock valued at $291,000 after acquiring an additional 381 shares in the last quarter. Disciplined Growth Investors Inc. MN boosted its position in Strategic Education by 0.6% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 450,928 shares of the health services provider’s stock valued at $49,900,000 after acquiring an additional 2,749 shares in the last quarter. Finally, Algert Global LLC boosted its position in Strategic Education by 570.1% during the 2nd quarter. Algert Global LLC now owns 55,991 shares of the health services provider’s stock valued at $6,196,000 after acquiring an additional 47,635 shares in the last quarter. Institutional investors own 93.27% of the company’s stock.

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.