A number of other equities analysts also recently weighed in on STRA. BMO Capital Markets boosted their target price on Strategic Education from $180.00 to $194.00 and gave the stock an outperform rating in a research note on Monday, June 3rd. Zacks Investment Research downgraded Strategic Education from a buy rating to a hold rating and set a $154.00 target price on the stock. in a research note on Monday, July 8th. ValuEngine downgraded Strategic Education from a buy rating to a hold rating in a research note on Wednesday, September 4th. First Analysis restated a strong-buy rating and issued a $216.00 target price (up previously from $210.00) on shares of Strategic Education in a research note on Friday, June 28th. Finally, Barrington Research restated an outperform rating and issued a $210.00 target price (up previously from $185.00) on shares of Strategic Education in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $189.80.
STRA stock opened at $156.40 on Friday. The company has a market capitalization of $3.52 billion, a P/E ratio of 32.93, a price-to-earnings-growth ratio of 1.60 and a beta of 0.57. Strategic Education has a 52-week low of $102.21 and a 52-week high of $189.79. The business has a 50-day simple moving average of $170.77 and a two-hundred day simple moving average of $163.80.
Strategic Education (NASDAQ:STRA) last released its quarterly earnings results on Wednesday, July 31st. The health services provider reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.12. The business had revenue of $245.10 million during the quarter, compared to the consensus estimate of $240.79 million. Strategic Education had a return on equity of 8.65% and a net margin of 0.62%. The company’s quarterly revenue was up 113.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.87 EPS. Equities research analysts expect that Strategic Education will post 6.68 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were paid a $0.50 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.28%. Strategic Education’s payout ratio is presently 42.11%.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Atria Investments LLC purchased a new position in shares of Strategic Education in the 2nd quarter worth approximately $728,000. Chartwell Investment Partners LLC boosted its stake in shares of Strategic Education by 1.1% in the 2nd quarter. Chartwell Investment Partners LLC now owns 67,355 shares of the health services provider’s stock worth $11,989,000 after buying an additional 761 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Strategic Education by 7.7% in the 2nd quarter. Royal Bank of Canada now owns 38,507 shares of the health services provider’s stock worth $6,856,000 after buying an additional 2,749 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Strategic Education by 134.4% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 701 shares of the health services provider’s stock worth $126,000 after purchasing an additional 402 shares during the period. Finally, Amundi Pioneer Asset Management Inc. raised its holdings in shares of Strategic Education by 136.8% in the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 14,054 shares of the health services provider’s stock worth $2,502,000 after purchasing an additional 8,120 shares during the period. Hedge funds and other institutional investors own 94.86% of the company’s stock.
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.
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