FY2024 Earnings Forecast for STRA Issued By Zacks Research

Strategic Education, Inc. (NASDAQ:STRA) – Equities research analysts at Zacks Research increased their FY2024 EPS estimates for shares of Strategic Education in a report released on Thursday, November 21st. Zacks Research analyst R. Department now forecasts that the health services provider will post earnings of $4.77 per share for the year, up from their previous estimate of $4.69. The consensus estimate for Strategic Education’s current full-year earnings is $4.79 per share. Zacks Research also issued estimates for Strategic Education’s Q4 2024 earnings at $1.17 EPS, Q1 2025 earnings at $1.08 EPS, Q2 2025 earnings at $1.44 EPS, Q3 2025 earnings at $1.37 EPS, Q4 2025 earnings at $1.74 EPS, FY2025 earnings at $5.64 EPS, Q1 2026 earnings at $1.29 EPS, Q2 2026 earnings at $1.63 EPS and Q3 2026 earnings at $1.53 EPS.

Strategic Education (NASDAQ:STRA) last posted its quarterly earnings data on Thursday, November 7th. The health services provider reported $1.16 EPS for the quarter, beating the consensus estimate of $0.81 by $0.35. The business had revenue of $305.96 million during the quarter, compared to analyst estimates of $301.62 million. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.97 earnings per share.

STRA has been the subject of several other reports. StockNews.com cut Strategic Education from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th. BMO Capital Markets dropped their price target on shares of Strategic Education from $130.00 to $125.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. Truist Financial cut their price objective 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. Finally, Barrington Research restated an “outperform” rating and issued a $135.00 target price on shares of Strategic Education in a report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $126.00.

Strategic Education Price Performance

STRA opened at $99.52 on Monday. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 1.38 and a beta of 0.57. The business has a fifty day moving average price of $91.42 and a 200 day moving average price of $101.41. Strategic Education has a 12 month low of $85.11 and a 12 month high of $123.62.

Institutional Investors Weigh In On Strategic Education

Several institutional investors have recently bought and sold shares of STRA. Daiwa Securities Group Inc. increased its holdings in Strategic Education by 46.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 395 shares of the health services provider’s stock worth $44,000 after purchasing an additional 125 shares during the last quarter. Arizona State Retirement System grew its position in shares of Strategic Education by 2.6% in the 2nd quarter. Arizona State Retirement System now owns 6,199 shares of the health services provider’s stock worth $686,000 after acquiring an additional 160 shares in the last quarter. Evergreen Capital Management LLC increased its holdings in shares of Strategic Education by 8.7% in the 2nd quarter. Evergreen Capital Management LLC now owns 2,160 shares of the health services provider’s stock valued at $239,000 after acquiring an additional 172 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Strategic Education by 1.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the health services provider’s stock valued at $1,217,000 after acquiring an additional 200 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in Strategic Education by 9.8% during the third quarter. HighTower Advisors LLC now owns 2,448 shares of the health services provider’s stock worth $228,000 after purchasing an additional 218 shares during the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Strategic Education Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 2nd will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Monday, December 2nd. Strategic Education’s payout ratio is currently 45.71%.

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.