Strategic Education (STRA) Reports Q2 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Strategic Education (STRA) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Strategic Education (STRA) Q2 Earnings and Revenues Surpass Estimates
Strategic Education (STRA) came out with quarterly earnings of $1.33 per share, beating the Zacks Consensus Estimate of $1.20 per share. This compares to earnings of $0.82 per share a year ago.
Strategic Education (STRA) Gains 19% YTD: Is It Time to Buy?
Strategic Education, Inc. STRA has gained 18.5% in the year-to-date period, outperforming the Zacks Schools industry's 3.3% growth. The company's stock also seemed to have fared better than some of the well-known players in the industry including Stride, Inc. LRN, Adtalem Global Education Inc. ATGE, and Grand Canyon Education, Inc. LOPE, whose shares gained 15.8%, 15.3%, and 8.4%, respectively, in the same time frame.
Why Strategic Education (STRA) is a Top Momentum Stock for the Long-Term
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Are Consumer Discretionary Stocks Lagging Strategic Education (STRA) This Year?
Here is how Strategic Education (STRA) and iPower Inc. (IPW) have performed compared to their sector so far this year.
Strategic Education (STRA) Up 30% YTD: More Upside Left?
Strategic Education (STRA) benefits from robust enrollment growth trends across its USHE and ANZ segments along with its diversified product portfolio.
Swiss National Bank Has $4.01 Million Stake in Strategic Education, Inc. (NASDAQ:STRA)
Swiss National Bank cut its position in Strategic Education, Inc. (NASDAQ:STRA – Free Report) by 10.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,438 shares of the health services provider’s stock after selling 5,200 shares during the quarter. Swiss National Bank owned 0.18% of Strategic Education worth $4,012,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its stake in Strategic Education by 155.7% during the third quarter. Envestnet Asset Management Inc. now owns 396,049 shares of the health services provider’s stock worth $29,803,000 after acquiring an additional 241,168 shares in the last quarter. International Assets Investment Management LLC increased its position in Strategic Education by 6,377.0% during the 4th quarter. International Assets Investment Management LLC now owns 178,182 shares of the health services provider’s stock worth $16,459,000 after purchasing an additional 175,431 shares in the last quarter. Tudor Investment Corp Et Al lifted its stake in Strategic Education by 160.0% in the 3rd quarter. Tudor Investment Corp Et Al now owns 38,471 shares of the health services provider’s stock valued at $2,895,000 after purchasing an additional 23,673 shares during the last quarter. Trexquant Investment LP acquired a new stake in Strategic Education in the third quarter valued at approximately $1,723,000. Finally, WINTON GROUP Ltd bought a new stake in shares of Strategic Education during the third quarter worth $1,659,000. Institutional investors own 93.27% of the company’s stock. Wall Street Analyst Weigh In A number of research analysts have recently commented on STRA shares. StockNews.com upgraded Strategic Education from a “hold” rating to a “buy” rating in a research note on Friday, April 26th. Truist Financial increased their price objective on shares of Strategic Education from $125.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. BMO Capital Markets boosted their target price on shares of Strategic Education from $123.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, April 29th. Barrington Research increased their price target on Strategic Education from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Finally, Bank of America lifted their price objective on Strategic Education from $104.00 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $133.50. Get Our Latest Report on Strategic Education Insider Activity In related news, CEO Raymond Karl Mcdonnell sold 12,820 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $95.99, for a total value of $1,230,591.80. Following the transaction, the chief executive officer now directly owns 161,359 shares in the company, valued at approximately $15,488,850.41. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO Daniel Wayne Jackson sold 3,713 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $95.95, for a total value of $356,262.35. Following the completion of the sale, the chief financial officer now directly owns 71,770 shares of the company’s stock, valued at $6,886,331.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Raymond Karl Mcdonnell sold 12,820 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $95.99, for a total value of $1,230,591.80. Following the completion of the transaction, the chief executive officer now owns 161,359 shares in the company, valued at approximately $15,488,850.41. The disclosure for this sale can be found here. Insiders sold a total of 17,595 shares of company stock worth $1,715,264 over the last quarter. 3.10% of the stock is currently owned by corporate insiders. Strategic Education Stock Down 0.6 % Shares of NASDAQ STRA opened at $119.09 on Monday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.04. The firm has a market cap of $2.93 billion, a PE ratio of 28.22, a P/E/G ratio of 1.22 and a beta of 0.45. The company’s fifty day simple moving average is $107.64 and its 200 day simple moving average is $98.47. Strategic Education, Inc. has a 12-month low of $64.53 and a 12-month high of $123.62. Strategic Education (NASDAQ:STRA – Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The health services provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.51. The company had revenue of $290.25 million for the quarter, compared to analysts’ expectations of $274.02 million. Strategic Education had a net margin of 8.70% and a return on equity of 6.78%. As a group, sell-side analysts forecast that Strategic Education, Inc. will post 4.96 earnings per share for the current fiscal year. Strategic Education Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 24th will be paid a $0.60 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $2.40 dividend on an annualized basis and a yield of 2.02%. Strategic Education’s dividend payout ratio (DPR) is presently 56.87%. About Strategic Education (Free Report) 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.
