Strategic Education (NASDAQ:STRA) Posts Earnings Results, Beats Expectations By $0.35 EPS

Strategic Education (NASDAQ:STRA) released its quarterly earnings data on Thursday. The health services provider reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.35, Briefing.com reports. The business had revenue of $305.96 million during the quarter, compared to analysts’ expectations of $301.62 million. Strategic Education had a net margin of 9.84% and a return on equity of 7.47%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.97 EPS.

Strategic Education Trading Up 1.4 %

STRA stock traded up $1.37 during midday trading on Friday, hitting $99.88. The stock had a trading volume of 182,296 shares, compared to its average volume of 129,888. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04. The business has a fifty day moving average price of $90.67 and a two-hundred day moving average price of $103.07. Strategic Education has a 1-year low of $85.11 and a 1-year high of $123.62. The firm has a market cap of $2.46 billion, a P/E ratio of 20.23, a price-to-earnings-growth ratio of 1.38 and a beta of 0.57.

Strategic Education Dividend Announcement

The company also recently disclosed 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. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Monday, December 2nd. Strategic Education’s dividend payout ratio is currently 49.28%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on STRA. Barrington Research reiterated an “outperform” rating and issued a $135.00 price target on shares of Strategic Education in a research note on Thursday. Truist Financial cut 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. BMO Capital Markets reduced their price target on Strategic Education from $130.00 to $125.00 and set an “outperform” rating on the stock in a report on Thursday, August 1st. Finally, StockNews.com downgraded shares of Strategic Education from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $126.00.

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.