Strategic Education (NASDAQ:STRA) Releases Quarterly Earnings Results, Beats Estimates By $0.35 EPS

Strategic Education (NASDAQ:STRA) announced its quarterly earnings results on Thursday. The health services provider reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.35, Briefing.com reports. Strategic Education had a return on equity of 7.47% and a net margin of 9.84%. The firm had revenue of $305.96 million for the quarter, compared to analysts’ expectations of $301.62 million. During the same period in the prior year, the business posted $0.97 earnings per share. The business’s revenue was up 7.0% compared to the same quarter last year.

Strategic Education Trading Up 1.4 %

Shares of STRA stock traded up $1.37 on Friday, hitting $99.88. The stock had a trading volume of 182,296 shares, compared to its average volume of 129,888. Strategic Education has a twelve month low of $85.11 and a twelve month high of $123.62. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04. The company has a fifty day moving average price of $90.67 and a two-hundred day moving average price of $103.07. The firm has a market cap of $2.46 billion, a P/E ratio of 20.23, a PEG ratio of 1.38 and a beta of 0.57.

Strategic Education Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, December 2nd will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.40%. The ex-dividend date is Monday, December 2nd. Strategic Education’s payout ratio is presently 49.28%.

Analyst Ratings Changes

STRA has been the subject of several research analyst reports. Barrington Research reiterated an “outperform” rating and issued a $135.00 price objective on shares of Strategic Education in a research report on Thursday. StockNews.com cut Strategic Education from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th. Truist Financial cut their price target on Strategic Education from $145.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Finally, BMO Capital Markets lowered their price objective on Strategic Education from $130.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $126.00.

About Strategic Education

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.