Strategic Education Inc Plans Quarterly Dividend of $0.50 (STRA)

Strategic Education Inc (NASDAQ:STRA) declared a quarterly dividend on Wednesday, May 1st, RTT News reports. Shareholders of record on Tuesday, May 28th will be paid a dividend of 0.50 per share by the health services provider on Monday, June 10th. This represents a $2.00 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Friday, May 24th.

Strategic Education has a payout ratio of 44.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Strategic Education to earn $7.49 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 26.7%.

Shares of Strategic Education stock opened at $176.87 on Thursday. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of 37.24, a P/E/G ratio of 1.81 and a beta of 1.01. Strategic Education has a 52 week low of $102.21 and a 52 week high of $178.42.

Strategic Education (NASDAQ:STRA) last announced its quarterly earnings results on Wednesday, May 1st. The health services provider reported $1.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.23. The company had revenue of $246.50 million for the quarter, compared to analyst estimates of $240.71 million. Strategic Education had a negative net margin of 1.78% and a positive return on equity of 8.74%. The firm’s revenue was up 111.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.23 earnings per share. As a group, equities research analysts anticipate that Strategic Education will post 6.47 EPS for the current fiscal year.

In other news, insider Thomas J. Aprahamian sold 2,650 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $138.24, for a total transaction of $366,336.00. Following the transaction, the insider now directly owns 11,877 shares in the company, valued at $1,641,876.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider J Kevin Gilligan sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $131.30, for a total transaction of $984,750.00. Following the transaction, the insider now owns 67,252 shares in the company, valued at $8,830,187.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 71,363 shares of company stock worth $10,463,325. Insiders own 3.60% of the company’s stock.

Several equities analysts have commented on the stock. BidaskClub upgraded shares of Strategic Education from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 18th. Zacks Investment Research lowered shares of Strategic Education from a “buy” rating to a “hold” rating in a research note on Wednesday, February 13th. Barrington Research reiterated an “outperform” rating and issued a $185.00 price target (up from $175.00) on shares of Strategic Education in a research note on Wednesday, May 1st. ValuEngine upgraded shares of Strategic Education from a “hold” rating to a “buy” rating in a research note on Friday, February 22nd. Finally, BMO Capital Markets increased their price target on shares of Strategic Education from $131.00 to $162.00 and gave the company an “outperform” rating in a research note on Monday, March 4th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Strategic Education currently has an average rating of “Buy” and an average price target of $176.00.

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Strategic Education Company Profile

Strategic Education, Inc, through its subsidiaries, provides a range of post-secondary education and non-degree programs in the United States. The company operates through three segments: Strayer University, Capella University, and Non-Degree Programs. It operates Strayer University that provides undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration, and criminal justice for working adult students through its 74 physical campuses located in the eastern United States, as well as through online; and an executive MBA online through its Jack Welch Management Institute.

Further Reading: Buy-Side Analysts

Dividend History for Strategic Education (NASDAQ:STRA)

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