Stride (NYSE:LRN – Get Free Report) released its quarterly earnings data on Tuesday. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.30, FiscalAI reports. The firm had revenue of $639.38 million for the quarter, compared to the consensus estimate of $612.25 million. Stride had a net margin of 13.43% and a return on equity of 23.49%.
Stride Stock Down 3.0%
NYSE LRN traded down $2.46 on Tuesday, hitting $78.53. The stock had a trading volume of 1,412,386 shares, compared to its average volume of 926,441. The business’s fifty day moving average price is $82.10 and its 200 day moving average price is $87.35. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 10.91, a price-to-earnings-growth ratio of 0.48 and a beta of 0.14. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.94 and a quick ratio of 5.81. Stride has a 52-week low of $60.61 and a 52-week high of $155.06.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the stock. William Blair downgraded shares of Stride from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 30th. Weiss Ratings raised Stride from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday. Finally, BMO Capital Markets cut their price target on Stride from $93.00 to $90.00 and set a “market perform” rating on the stock in a report on Monday, October 5th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Stride presently has a consensus rating of “Hold” and a consensus target price of $108.75.
View Our Latest Research Report on Stride
Stride Company Profile
Stride, Inc is an education technology company that provides online and blended learning programs for K-12 students. The company partners with public school districts, charter schools and other education organizations to deliver digital curricula, instructional software, teaching support and student services. Its offerings are designed to support full-time virtual schools, supplemental courses and traditional schools incorporating online learning.
Stride also provides career-focused education through programs that combine academic instruction with career exploration, technical training and industry-aligned learning opportunities.
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