Strategic Education (NASDAQ:STRA) Issues Quarterly Earnings Results

Strategic Education (NASDAQ:STRA) posted its earnings results on Wednesday. The health services provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.19 by $0.14, Briefing.com reports. The company had revenue of $312.30 million during the quarter, compared to the consensus estimate of $308.16 million. Strategic Education had a net margin of 8.70% and a return on equity of 6.78%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 earnings per share.

Strategic Education Stock Down 8.9 %

STRA stock traded down $10.77 during mid-day trading on Wednesday, hitting $110.06. 27,347 shares of the company were exchanged, compared to its average volume of 118,802. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.49 and a current ratio of 1.49. The firm has a market cap of $2.71 billion, a P/E ratio of 26.03, a P/E/G ratio of 1.15 and a beta of 0.57. The firm’s 50 day simple moving average is $112.71 and its 200 day simple moving average is $106.64. Strategic Education has a 1-year low of $72.44 and a 1-year high of $123.62.

Strategic Education Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 24th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.18%. The ex-dividend date was Thursday, May 23rd. Strategic Education’s payout ratio is 56.87%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on STRA shares. Barrington Research upped their price objective on shares of Strategic Education from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. BMO Capital Markets restated an “outperform” rating and issued a $130.00 price objective on shares of Strategic Education in a research note on Monday, July 15th. Truist Financial increased their target price on shares of Strategic Education from $125.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, StockNews.com upgraded shares of Strategic Education from a “hold” rating to a “buy” rating in a research report on Friday, April 26th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $133.50.

Insiders Place Their Bets

In other news, Director Robert R. Grusky sold 250 shares of Strategic Education stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $118.55, for a total value of $29,637.50. Following the sale, the director now directly owns 11,695 shares in the company, valued at $1,386,442.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Robert R. Grusky sold 250 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $118.55, for a total transaction of $29,637.50. Following the transaction, the director now directly owns 11,695 shares in the company, valued at $1,386,442.25. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert R. Grusky sold 350 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $122.50, for a total transaction of $42,875.00. Following the completion of the sale, the director now directly owns 11,345 shares of the company’s stock, valued at approximately $1,389,762.50. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company’s stock.

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.