Strategic Education Inc (NASDAQ:STRA) – Research analysts at First Analysis dropped their Q3 2019 earnings estimates for Strategic Education in a report issued on Wednesday, July 31st. First Analysis analyst C. Greendale now expects that the health services provider will post earnings per share of $1.25 for the quarter, down from their prior forecast of $1.29. First Analysis has a “Strong-Buy” rating and a $216.00 price objective on the stock. First Analysis also issued estimates for Strategic Education’s Q4 2019 earnings at $2.19 EPS, FY2019 earnings at $6.69 EPS and FY2020 earnings at $7.46 EPS.
Strategic Education (NASDAQ:STRA) last issued its quarterly earnings data on Wednesday, July 31st. The health services provider reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.12. Strategic Education had a positive return on equity of 8.74% and a negative net margin of 1.78%. The business had revenue of $245.10 million during the quarter, compared to analyst estimates of $240.79 million. During the same period in the prior year, the company posted $0.87 EPS. The business’s revenue for the quarter was up 113.7% compared to the same quarter last year.
Shares of STRA stock opened at $175.29 on Thursday. Strategic Education has a 12-month low of $102.21 and a 12-month high of $189.79. The company has a market cap of $3.84 billion, a price-to-earnings ratio of 36.90, a price-to-earnings-growth ratio of 1.88 and a beta of 0.62. The business has a 50 day simple moving average of $181.76.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Friday, August 30th. Strategic Education’s payout ratio is 42.11%.
In other Strategic Education news, Director Todd A. Milano sold 6,449 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $180.47, for a total value of $1,163,851.03. Following the transaction, the director now directly owns 7,543 shares of the company’s stock, valued at $1,361,285.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director G Thomas Waite III sold 3,000 shares of the firm’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $178.59, for a total transaction of $535,770.00. Following the completion of the transaction, the director now directly owns 11,951 shares in the company, valued at $2,134,329.09. The disclosure for this sale can be found here. Insiders sold 34,400 shares of company stock valued at $5,805,217 over the last 90 days. Corporate insiders own 3.60% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in STRA. Steward Partners Investment Advisory LLC bought a new position in shares of Strategic Education during the second quarter valued at about $31,000. Quantamental Technologies LLC acquired a new position in shares of Strategic Education during the 1st quarter worth approximately $42,000. Advisor Group Inc. raised its stake in shares of Strategic Education by 17.8% during the 2nd quarter. Advisor Group Inc. now owns 676 shares of the health services provider’s stock worth $119,000 after buying an additional 102 shares during the period. NEXT Financial Group Inc acquired a new position in shares of Strategic Education during the 2nd quarter worth approximately $170,000. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in shares of Strategic Education during the 4th quarter worth approximately $204,000. 96.27% of the stock is currently owned by hedge funds and other institutional investors.
About Strategic Education
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.
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