Brokers Issue Forecasts for Strategic Education, Inc.'s Q4 2024 Earnings (NASDAQ:STRA)

Strategic Education, Inc. (NASDAQ:STRA - Free Report) - Equities researchers at Barrington Research boosted their Q4 2024 earnings per share (EPS) estimates for Strategic Education in a report issued on Tuesday, April 9th. Barrington Research analyst A. Paris now forecasts that the health services provider will post earnings per share of $1.70 for the quarter, up from their previous forecast of $1.63. Barrington Research currently has a "Outperform" rating and a $125.00 price target on the stock. The consensus estimate for Strategic Education's current full-year earnings is $4.63 per share.

Several other research analysts also recently commented on the company. TheStreet raised Strategic Education from a "c+" rating to a "b" rating in a research note on Thursday, February 29th. Bank of America raised their price objective on Strategic Education from $104.00 to $124.00 and gave the stock a "buy" rating in a research note on Tuesday, March 5th. Truist Financial raised their price objective on Strategic Education from $92.00 to $110.00 and gave the stock a "hold" rating in a research note on Friday, March 1st. StockNews.com downgraded Strategic Education from a "buy" rating to a "hold" rating in a research note on Tuesday. Finally, BMO Capital Markets raised their price objective on Strategic Education from $103.00 to $123.00 and gave the stock an "outperform" rating in a research note on Friday, March 1st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Strategic Education currently has an average rating of "Moderate Buy" and a consensus price target of $120.50.

Strategic Education Stock Performance

NASDAQ:STRA traded down $2.75 on Wednesday, hitting $101.07. The stock had a trading volume of 81,965 shares, compared to its average volume of 88,379. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 34.85, a price-to-earnings-growth ratio of 1.24 and a beta of 0.50. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.04. The business's 50-day simple moving average is $100.53 and its two-hundred day simple moving average is $92.18. Strategic Education has a 52-week low of $64.53 and a 52-week high of $111.95.

Strategic Education (NASDAQ:STRA - Get Free Report) last announced its earnings results on Thursday, February 29th. The health services provider reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.34. The business had revenue of $302.70 million for the quarter, compared to analysts' expectations of $297.48 million. Strategic Education had a return on equity of 5.52% and a net margin of 6.16%. The business's revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the firm posted $0.78 earnings per share.

Hedge Funds Weigh In On Strategic Education

Institutional investors and hedge funds have recently modified their holdings of the stock. Rice Hall James & Associates LLC boosted its holdings in Strategic Education by 3.2% during the 1st quarter. Rice Hall James & Associates LLC now owns 276,273 shares of the health services provider's stock valued at $18,339,000 after acquiring an additional 8,438 shares during the period. Bank of New York Mellon Corp raised its position in Strategic Education by 3.1% during the 1st quarter. Bank of New York Mellon Corp now owns 420,922 shares of the health services provider's stock valued at $27,940,000 after purchasing an additional 12,646 shares in the last quarter. US Bancorp DE raised its position in Strategic Education by 585.2% during the 1st quarter. US Bancorp DE now owns 1,295 shares of the health services provider's stock valued at $86,000 after purchasing an additional 1,106 shares in the last quarter. Citigroup Inc. raised its position in Strategic Education by 9.7% during the 1st quarter. Citigroup Inc. now owns 19,819 shares of the health services provider's stock valued at $1,316,000 after purchasing an additional 1,746 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Strategic Education by 16.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,441 shares of the health services provider's stock valued at $95,000 after purchasing an additional 199 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company's stock.

Insider Activity at Strategic Education

In related news, CFO Daniel Wayne Jackson sold 3,713 shares of Strategic Education stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $95.95, for a total transaction of $356,262.35. Following the sale, the chief financial officer now owns 71,770 shares of the company's stock, valued at approximately $6,886,331.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Strategic Education news, CFO Daniel Wayne Jackson sold 3,713 shares of the firm's stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $95.95, for a total transaction of $356,262.35. Following the completion of the transaction, the chief financial officer now owns 71,770 shares in the company, valued at approximately $6,886,331.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction, the chief executive officer now owns 161,359 shares of the company's stock, valued at approximately $15,488,850.41. The disclosure for this sale can be found here. 3.10% of the stock is owned by corporate insiders.

Strategic Education Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 11th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend was Friday, March 8th. Strategic Education's dividend payout ratio (DPR) is presently 82.76%.

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.