$299.08 Million in Sales Expected for Strategic Education, Inc. (NASDAQ:STRA) This Quarter

Equities research analysts predict that Strategic Education, Inc. (NASDAQ:STRA) will announce $299.08 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Strategic Education’s earnings. The highest sales estimate is $300.11 million and the lowest is $298.04 million. Strategic Education reported sales of $255.83 million during the same quarter last year, which would suggest a positive year over year growth rate of 16.9%. The firm is scheduled to report its next earnings results before the market opens on Wednesday, July 28th.

On average, analysts expect that Strategic Education will report full year sales of $1.17 billion for the current fiscal year. For the next year, analysts anticipate that the firm will post sales of $1.20 billion, with estimates ranging from $1.19 billion to $1.20 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Strategic Education.

Strategic Education (NASDAQ:STRA) last released its quarterly earnings results on Thursday, April 29th. The health services provider reported $1.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.56 by ($0.03). Strategic Education had a return on equity of 8.59% and a net margin of 5.76%. The firm had revenue of $290.34 million for the quarter, compared to analysts’ expectations of $300.90 million.

A number of equities research analysts recently weighed in on STRA shares. Truist cut their price objective on shares of Strategic Education from $100.00 to $85.00 in a research note on Monday, May 3rd. Bank of America reiterated a “neutral” rating and set a $85.00 price objective (down previously from $103.00) on shares of Strategic Education in a research note on Thursday, May 6th. Barrington Research restated an “outperform” rating and issued a $90.00 target price (down from $120.00) on shares of Strategic Education in a research report on Thursday, April 29th. Zacks Investment Research raised Strategic Education from a “strong sell” rating to a “hold” rating and set a $80.00 price objective on the stock in a research note on Wednesday, June 30th. Finally, BMO Capital Markets cut their price objective on Strategic Education from $130.00 to $98.00 and set an “outperform” rating for the company in a report on Monday, May 3rd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $87.60.

A number of hedge funds and other institutional investors have recently bought and sold shares of STRA. Pacer Advisors Inc. grew its holdings in Strategic Education by 4.5% during the first quarter. Pacer Advisors Inc. now owns 2,602 shares of the health services provider’s stock valued at $239,000 after purchasing an additional 111 shares during the last quarter. ETF Managers Group LLC grew its stake in Strategic Education by 9.7% in the 4th quarter. ETF Managers Group LLC now owns 1,993 shares of the health services provider’s stock valued at $191,000 after buying an additional 176 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in Strategic Education by 3.3% in the 1st quarter. Louisiana State Employees Retirement System now owns 6,300 shares of the health services provider’s stock valued at $579,000 after buying an additional 200 shares during the last quarter. UBS Asset Management Americas Inc. raised its holdings in Strategic Education by 0.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 28,175 shares of the health services provider’s stock worth $2,590,000 after acquiring an additional 230 shares during the period. Finally, American International Group Inc. grew its position in shares of Strategic Education by 0.5% in the first quarter. American International Group Inc. now owns 58,011 shares of the health services provider’s stock valued at $5,332,000 after purchasing an additional 264 shares during the last quarter. Institutional investors own 90.11% of the company’s stock.

NASDAQ:STRA traded down $0.48 during mid-day trading on Friday, reaching $70.88. The stock had a trading volume of 3,869 shares, compared to its average volume of 192,675. The stock has a market cap of $1.75 billion, a P/E ratio of 11.58, a price-to-earnings-growth ratio of 1.30 and a beta of 0.42. The business has a 50 day simple moving average of $75.11. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.08. Strategic Education has a 1-year low of $69.25 and a 1-year high of $173.65.

The firm also recently declared a quarterly dividend, which was paid on Monday, June 7th. Stockholders of record on Friday, May 28th were paid a dividend of $0.60 per share. The ex-dividend date was Thursday, May 27th. This represents a $2.40 annualized dividend and a dividend yield of 3.39%. Strategic Education’s dividend payout ratio (DPR) is 35.93%.

About Strategic Education

Strategic Education, Inc, through its subsidiaries, provides post-secondary education and non-degree programs. It operates in three segments: Strayer University, Capella University, and Australia/New Zealand. The company 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 64 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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