Strategic Education, Inc. (STRA) To Go Ex-Dividend on March 10th

Strategic Education, Inc. (NASDAQ:STRA) announced a quarterly dividend on Friday, March 7th, RTT News reports. Shareholders of record on Monday, March 10th will be given a dividend of 0.60 per share by the health services provider on Monday, March 17th. This represents a $2.40 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend is Monday, March 10th.

Strategic Education has a dividend payout ratio of 37.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Strategic Education to earn $5.64 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 42.6%.

Strategic Education Price Performance

STRA opened at $83.33 on Friday. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 15.87, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. Strategic Education has a 12 month low of $78.43 and a 12 month high of $123.62. The business has a 50-day moving average of $95.41 and a two-hundred day moving average of $94.39.

Strategic Education (NASDAQ:STRA) last released its quarterly earnings data on Thursday, February 27th. The health services provider reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.10). The firm had revenue of $311.46 million during the quarter, compared to analyst estimates of $315.18 million. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. Equities research analysts anticipate that Strategic Education will post 4.79 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on STRA. BMO Capital Markets reduced their price objective on Strategic Education from $114.00 to $97.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. Barrington Research reduced their price objective on Strategic Education from $135.00 to $120.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. Finally, StockNews.com lowered Strategic Education from a “buy” rating to a “hold” rating in a research note on Thursday.

Insider Buying and Selling

In other Strategic Education news, CFO Daniel Wayne Jackson sold 6,025 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $97.83, for a total value of $589,425.75. Following the transaction, the chief financial officer now directly owns 81,756 shares of the company’s stock, valued at $7,998,189.48. This represents a 6.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Raymond Karl Mcdonnell sold 31,855 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $97.83, for a total value of $3,116,374.65. Following the completion of the transaction, the chief executive officer now directly owns 140,281 shares in the company, valued at approximately $13,723,690.23. The trade was a 18.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by corporate insiders.

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.