$300.90 Million in Sales Expected for Strategic Education, Inc. (NASDAQ:STRA) This Quarter


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Equities analysts forecast that Strategic Education, Inc. (NASDAQ:STRA) will post sales of $300.90 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Strategic Education’s earnings, with estimates ranging from $299.79 million to $302.00 million. Strategic Education reported sales of $265.30 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.4%. The company is scheduled to announce its next earnings report before the market opens on Thursday, April 29th.

On average, analysts expect that Strategic Education will report full-year sales of $1.19 billion for the current financial year, with estimates ranging from $1.19 billion to $1.20 billion. For the next fiscal year, analysts forecast that the business will report sales of $1.23 billion, with estimates ranging from $1.23 billion to $1.24 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Strategic Education.

Strategic Education (NASDAQ:STRA) last announced its quarterly earnings data on Thursday, February 25th. The health services provider reported $1.39 EPS for the quarter, missing the Zacks’ consensus estimate of $1.50 by ($0.11). Strategic Education had a net margin of 10.63% and a return on equity of 10.88%. The business had revenue of $267.50 million during the quarter, compared to analysts’ expectations of $273.70 million. During the same period in the prior year, the firm earned $2.13 EPS. Strategic Education’s revenue for the quarter was up 1.4% on a year-over-year basis.

Separately, Barrington Research decreased their target price on Strategic Education from $130.00 to $120.00 and set an “outperform” rating for the company in a research report on Monday, March 8th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Strategic Education currently has an average rating of “Buy” and an average price target of $133.67.

In other Strategic Education news, Chairman Robert S. Silberman purchased 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 3rd. The shares were acquired at an average price of $77.64 per share, for a total transaction of $310,560.00. Also, CFO Daniel Wayne Jackson sold 6,682 shares of the business’s stock in a transaction dated Tuesday, February 16th. The stock was sold at an average price of $93.82, for a total value of $626,905.24. Following the completion of the transaction, the chief financial officer now owns 33,487 shares in the company, valued at approximately $3,141,750.34. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC raised its stake in Strategic Education by 147.3% during the first quarter. International Assets Investment Management LLC now owns 1,083 shares of the health services provider’s stock valued at $101,000 after buying an additional 645 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in Strategic Education by 3.3% during the first 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 in the last quarter. Carolina Wealth Advisors LLC acquired a new stake in Strategic Education during the first quarter valued at approximately $3,515,000. Pacer Advisors Inc. raised its stake 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 buying an additional 111 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Strategic Education during the fourth quarter valued at approximately $557,000. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Shares of NASDAQ STRA traded down $3.34 on Wednesday, hitting $85.92. The company had a trading volume of 186,813 shares, compared to its average volume of 212,582. Strategic Education has a 12-month low of $76.77 and a 12-month high of $187.98. The business has a 50 day moving average of $88.14 and a two-hundred day moving average of $91.36. The firm has a market capitalization of $2.12 billion, a P/E ratio of 17.50, a PEG ratio of 1.46 and a beta of 0.57.

The firm also recently declared a quarterly dividend, which was paid on Monday, March 15th. Investors of record on Monday, March 8th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend was Friday, March 5th. Strategic Education’s dividend payout ratio (DPR) is 35.98%.

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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