$236.20 Million in Sales Expected for Strategic Education Inc (STRA) This Quarter

Wall Street analysts predict that Strategic Education Inc (NASDAQ:STRA) will report $236.20 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Strategic Education’s earnings, with estimates ranging from $230.00 million to $242.40 million. Strategic Education reported sales of $118.71 million during the same quarter last year, which indicates a positive year-over-year growth rate of 99%. The company is expected to issue its next earnings report before the market opens on Friday, March 1st.

According to Zacks, analysts expect that Strategic Education will report full-year sales of $654.50 million for the current year, with estimates ranging from $648.30 million to $660.70 million. For the next financial year, analysts expect that the firm will report sales of $969.15 million, with estimates ranging from $960.00 million to $978.30 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Strategic Education.

Strategic Education (NASDAQ:STRA) last issued its earnings results on Thursday, November 8th. The health services provider reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.24. The company had revenue of $160.90 million during the quarter, compared to analyst estimates of $185.48 million. Strategic Education had a negative net margin of 8.74% and a positive return on equity of 10.30%. The company’s revenue for the quarter was up 48.3% on a year-over-year basis. During the same quarter last year, the business posted $0.34 EPS.

STRA has been the subject of several analyst reports. BidaskClub lowered shares of Strategic Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 4th. ValuEngine raised shares of Strategic Education from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. Zacks Investment Research raised shares of Strategic Education from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a research note on Tuesday, January 15th. BMO Capital Markets lifted their price objective on shares of Strategic Education to $158.00 and gave the company an “outperform” rating in a research note on Monday, November 12th. Finally, Barrington Research lifted their price objective on shares of Strategic Education to $175.00 and gave the company an “outperform” rating in a research note on Thursday, November 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $149.00.

In other Strategic Education news, insider J Kevin Gilligan sold 5,000 shares of the business’s stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $142.68, for a total transaction of $713,400.00. Following the completion of the transaction, the insider now owns 77,096 shares of the company’s stock, valued at approximately $11,000,057.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert R. Grusky sold 507 shares of the business’s stock in a transaction on Monday, November 12th. The stock was sold at an average price of $144.05, for a total transaction of $73,033.35. Following the transaction, the director now directly owns 12,567 shares of the company’s stock, valued at approximately $1,810,276.35. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,850 shares of company stock valued at $3,183,345. 3.70% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in STRA. State of Alaska Department of Revenue increased its holdings in shares of Strategic Education by 1.4% during the 4th quarter. State of Alaska Department of Revenue now owns 7,258 shares of the health services provider’s stock worth $823,000 after purchasing an additional 100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Strategic Education by 12.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,397 shares of the health services provider’s stock worth $158,000 after purchasing an additional 153 shares during the period. Bank of Montreal Can increased its holdings in shares of Strategic Education by 18.2% during the 4th quarter. Bank of Montreal Can now owns 1,401 shares of the health services provider’s stock worth $159,000 after purchasing an additional 216 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Strategic Education by 9.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 6,706 shares of the health services provider’s stock worth $758,000 after purchasing an additional 584 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Strategic Education by 141.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,244 shares of the health services provider’s stock worth $170,000 after purchasing an additional 729 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

Shares of STRA stock traded up $0.41 on Friday, hitting $109.76. The company’s stock had a trading volume of 1,025 shares, compared to its average volume of 119,378. Strategic Education has a fifty-two week low of $80.75 and a fifty-two week high of $154.89. The firm has a market cap of $2.41 billion, a PE ratio of 35.29, a PEG ratio of 1.46 and a beta of 1.27.

Strategic Education Company Profile

Strategic Education, Inc, through its subsidiaries, provides a range of post-secondary education and other academic programs in the United States. The company operates Strayer University and Capella University that provide undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, nursing, public administration, and criminal justice to working adult students through its 74 physical campuses primarily located in the Mid-Atlantic and Southern regions, as well as through online.

Further Reading: Fundamental Analysis

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Earnings History and Estimates for Strategic Education (NASDAQ:STRA)

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