Zacks Research Has Bullish Forecast for STRA FY2024 Earnings

Strategic Education, Inc. (NASDAQ:STRA) – Equities research analysts at Zacks Research boosted their FY2024 earnings estimates for Strategic Education in a research note issued to investors on Thursday, November 21st. Zacks Research analyst R. Department now expects that the health services provider will post earnings of $4.77 per share for the year, up from their prior forecast of $4.69. The consensus estimate for Strategic Education’s current full-year earnings is $4.79 per share. Zacks Research also issued estimates for Strategic Education’s Q4 2024 earnings at $1.17 EPS, Q1 2025 earnings at $1.08 EPS, Q2 2025 earnings at $1.44 EPS, Q3 2025 earnings at $1.37 EPS, Q4 2025 earnings at $1.74 EPS, FY2025 earnings at $5.64 EPS, Q1 2026 earnings at $1.29 EPS, Q2 2026 earnings at $1.63 EPS and Q3 2026 earnings at $1.53 EPS.

Several other research firms have also recently issued reports on STRA. Barrington Research reissued an “outperform” rating and issued a $135.00 target price on shares of Strategic Education in a research report on Thursday, November 7th. Truist Financial decreased their target price on Strategic Education from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. BMO Capital Markets lowered their price objective on shares of Strategic Education from $130.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, August 1st. Finally, StockNews.com cut shares of Strategic Education from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Strategic Education currently has an average rating of “Moderate Buy” and a consensus target price of $126.00.

Strategic Education Trading Down 0.6 %

Strategic Education stock opened at $98.92 on Monday. The stock has a market cap of $2.43 billion, a PE ratio of 18.84, a P/E/G ratio of 1.38 and a beta of 0.57. Strategic Education has a 52 week low of $85.11 and a 52 week high of $123.62. The stock has a 50-day moving average price of $91.42 and a 200 day moving average price of $101.41.

Strategic Education (NASDAQ:STRA) last announced its quarterly earnings results on Thursday, November 7th. The health services provider reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.35. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The business had revenue of $305.96 million during the quarter, compared to analysts’ expectations of $301.62 million. During the same quarter last year, the business posted $0.97 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis.

Strategic Education Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 2nd will be paid a dividend of $0.60 per share. The ex-dividend date is Monday, December 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 2.43%. Strategic Education’s payout ratio is currently 45.71%.

Institutional Trading of Strategic Education

A number of hedge funds and other institutional investors have recently made changes to their positions in STRA. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Strategic Education in the second quarter worth approximately $36,000. Meeder Asset Management Inc. bought a new stake in shares of Strategic Education in the 2nd quarter worth approximately $36,000. CWM LLC lifted its stake in Strategic Education by 2,650.0% during the second quarter. CWM LLC now owns 330 shares of the health services provider’s stock valued at $37,000 after purchasing an additional 318 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Strategic Education in the third quarter worth approximately $37,000. Finally, Innealta Capital LLC bought a new position in shares of Strategic Education in the second quarter valued at $38,000. 93.27% of the stock is currently owned by institutional investors.

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.