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

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

Strategic Education Trading Up 1.4 %

STRA stock opened at $99.91 on Friday. 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 firm has a market cap of $2.46 billion, a P/E ratio of 20.52, a P/E/G ratio of 1.38 and a beta of 0.57. Strategic Education has a 1-year low of $85.11 and a 1-year high of $123.62. The business’s 50 day moving average is $90.74 and its 200-day moving average is $103.08.

Strategic Education Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 2nd will be given 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 dividend payout ratio (DPR) is presently 49.28%.

Analysts Set New Price Targets

Several equities analysts have commented on STRA shares. Barrington Research reissued an “outperform” rating and set a $135.00 target price on shares of Strategic Education in a research report on Thursday. StockNews.com downgraded Strategic Education from a “buy” rating to a “hold” rating in a report on Saturday, October 5th. BMO Capital Markets decreased their price objective on shares of Strategic Education from $130.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, August 1st. Finally, Truist Financial dropped their target price on shares of Strategic Education from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $126.00.

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.