FY2024 EPS Estimates for Stride, Inc. Increased by Barrington Research (NYSE:LRN)

Stride, Inc. (NYSE:LRN) – Investment analysts at Barrington Research raised their FY2024 earnings estimates for Stride in a note issued to investors on Wednesday, April 24th. Barrington Research analyst A. Paris now forecasts that the company will post earnings of $4.52 per share for the year, up from their prior forecast of $4.25. Barrington Research has a “Outperform” rating and a $75.00 price objective on the stock. The consensus estimate for Stride’s current full-year earnings is $4.52 per share. Barrington Research also issued estimates for Stride’s Q4 2024 earnings at $1.28 EPS and FY2025 earnings at $5.00 EPS.

A number of other equities research analysts have also commented on LRN. StockNews.com lowered Stride from a “buy” rating to a “hold” rating in a research report on Thursday. Wedbush reissued an “outperform” rating on shares of Stride in a research report on Wednesday, January 24th. Citigroup lifted their target price on Stride from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, January 29th. Morgan Stanley raised their target price on shares of Stride from $60.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Finally, BMO Capital Markets increased their price objective on shares of Stride from $72.00 to $73.00 and gave the company an “outperform” rating in a research report on Thursday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Stride has an average rating of “Moderate Buy” and a consensus price target of $72.00.

Stride Price Performance

Stride stock opened at $67.08 on Thursday. The firm has a market capitalization of $2.91 billion, a P/E ratio of 15.73, a PEG ratio of 0.70 and a beta of 0.26. The business has a 50-day moving average of $60.45 and a 200-day moving average of $58.34. The company has a current ratio of 4.29, a quick ratio of 4.44 and a debt-to-equity ratio of 0.40. Stride has a 1 year low of $35.61 and a 1 year high of $69.70.

Stride (NYSE:LRN) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.13. Stride had a return on equity of 18.29% and a net margin of 9.29%. The firm had revenue of $520.84 million for the quarter, compared to analyst estimates of $507.89 million. During the same period last year, the company earned $1.30 EPS. The business’s quarterly revenue was up 10.7% compared to the same quarter last year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. SummerHaven Investment Management LLC lifted its holdings in shares of Stride by 0.9% in the fourth quarter. SummerHaven Investment Management LLC now owns 20,081 shares of the company’s stock worth $1,192,000 after buying an additional 182 shares in the last quarter. New York State Teachers Retirement System lifted its stake in Stride by 0.9% in the 1st quarter. New York State Teachers Retirement System now owns 22,879 shares of the company’s stock worth $1,443,000 after purchasing an additional 200 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in Stride by 13.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 1,760 shares of the company’s stock valued at $104,000 after purchasing an additional 215 shares during the period. GAMMA Investing LLC grew its position in shares of Stride by 25.9% during the 1st quarter. GAMMA Investing LLC now owns 1,372 shares of the company’s stock valued at $87,000 after purchasing an additional 282 shares in the last quarter. Finally, Ronald Blue Trust Inc. increased its holdings in shares of Stride by 348.1% in the third quarter. Ronald Blue Trust Inc. now owns 578 shares of the company’s stock worth $26,000 after purchasing an additional 449 shares during the period. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Stride Company Profile

Stride, Inc, a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally.