Strategic Education, Inc. (NASDAQ:STRA) Expected to Post Quarterly Sales of $301.52 Million


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Wall Street analysts expect Strategic Education, Inc. (NASDAQ:STRA) to announce sales of $301.52 million for the current quarter, according to Zacks. Two analysts have provided estimates for Strategic Education’s earnings, with the highest sales estimate coming in at $305.00 million and the lowest estimate coming in at $298.04 million. Strategic Education posted sales of $255.83 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 17.9%. The company is expected to issue its next earnings report on Wednesday, August 4th.

According to Zacks, analysts expect that Strategic Education will report full-year sales of $1.18 billion for the current financial year, with estimates ranging from $1.17 billion to $1.20 billion. For the next financial year, analysts forecast that the company will post sales of $1.22 billion, with estimates ranging from $1.20 billion to $1.24 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that follow Strategic Education.

Strategic Education (NASDAQ:STRA) last announced its quarterly earnings results on Thursday, April 29th. The health services provider reported $1.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.56 by ($0.03). Strategic Education had a return on equity of 10.88% and a net margin of 10.63%.

STRA has been the subject of several analyst reports. Bank of America downgraded Strategic Education from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $103.00 to $85.00 in a research report on Friday. Barrington Research reaffirmed an “outperform” rating and issued a $90.00 target price (down previously from $120.00) on shares of Strategic Education in a research report on Thursday, April 29th. Truist decreased their target price on Strategic Education from $100.00 to $85.00 in a research report on Monday. Finally, BMO Capital Markets decreased their target price on Strategic Education from $130.00 to $98.00 and set an “outperform” rating for the company in a research report on Monday. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $106.67.

NASDAQ:STRA traded up $0.54 on Friday, hitting $77.50. 15,772 shares of the stock were exchanged, compared to its average volume of 211,111. The stock has a market cap of $1.91 billion, a PE ratio of 15.78, a PEG ratio of 1.46 and a beta of 0.57. The stock has a fifty day moving average of $87.69 and a 200-day moving average of $90.50. Strategic Education has a fifty-two week low of $74.60 and a fifty-two week high of $187.98.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 7th. Investors of record on Friday, May 28th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend is Thursday, May 27th. Strategic Education’s dividend payout ratio is currently 35.98%.

In other Strategic Education news, CFO Daniel Wayne Jackson sold 6,682 shares of the company’s stock in a transaction that occurred on Tuesday, February 16th. The stock was sold at an average price of $93.82, for a total transaction of $626,905.24. Following the sale, the chief financial officer now owns 33,487 shares in the company, valued at $3,141,750.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Raymond Karl Mcdonnell sold 11,656 shares of the company’s stock in a transaction that occurred on Tuesday, February 16th. The shares were sold at an average price of $93.81, for a total value of $1,093,449.36. Following the sale, the chief executive officer now owns 108,925 shares in the company, valued at approximately $10,218,254.25. The disclosure for this sale can be found here. Corporate 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 STRA. Norges Bank acquired a new stake in Strategic Education during the fourth quarter valued at approximately $36,755,000. FMR LLC raised its stake in Strategic Education by 694,279.2% during the first quarter. FMR LLC now owns 166,651 shares of the health services provider’s stock valued at $21,883,000 after buying an additional 166,627 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Strategic Education by 5.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,875,710 shares of the health services provider’s stock worth $274,141,000 after purchasing an additional 139,728 shares during the period. Kempen Capital Management N.V. raised its position in shares of Strategic Education by 57.0% during the 4th quarter. Kempen Capital Management N.V. now owns 227,064 shares of the health services provider’s stock worth $21,646,000 after purchasing an additional 82,460 shares during the period. Finally, Nordea Investment Management AB acquired a new stake in shares of Strategic Education during the 4th quarter worth approximately $5,851,000. Hedge funds and other institutional investors own 87.78% of the company’s stock.

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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