Q1 2024 EPS Estimates for Strategic Education, Inc. (NASDAQ:STRA) Reduced by Analyst

Strategic Education, Inc. (NASDAQ:STRA - Free Report) - Analysts at Barrington Research decreased their Q1 2024 earnings estimates for shares of Strategic Education in a report issued on Tuesday, April 9th. Barrington Research analyst A. Paris now expects that the health services provider will earn $0.55 per share for the quarter, down from their previous estimate of $0.98. Barrington Research currently has a "Outperform" rating and a $125.00 target price on the stock. The consensus estimate for Strategic Education's current full-year earnings is $4.63 per share. Barrington Research also issued estimates for Strategic Education's Q2 2024 earnings at $1.16 EPS, Q3 2024 earnings at $1.07 EPS, FY2024 earnings at $4.50 EPS and FY2025 earnings at $5.40 EPS.

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

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

Strategic Education Stock Performance

NASDAQ:STRA traded down $0.56 during trading hours on Thursday, reaching $100.51. 81,348 shares of the company's stock were exchanged, compared to its average volume of 88,280. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 34.66, a P/E/G ratio of 1.24 and a beta of 0.50. The company has a 50-day moving average of $100.62 and a 200 day moving average of $92.24. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.04. Strategic Education has a 1-year low of $64.53 and a 1-year high of $111.95.

Strategic Education Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 11th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $2.40 dividend on an annualized basis and a yield of 2.39%. Strategic Education's payout ratio is currently 82.76%.

Insiders Place Their Bets

In other news, CEO Raymond Karl Mcdonnell sold 12,820 shares of the stock in a transaction dated 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Daniel Wayne Jackson sold 3,713 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $95.95, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Raymond Karl Mcdonnell sold 12,820 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $95.99, for a total transaction of $1,230,591.80. Following the completion of 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 insiders.

Hedge Funds Weigh In On Strategic Education

Hedge funds have recently added to or reduced their stakes in the business. GSA Capital Partners LLP increased its holdings in Strategic Education by 88.4% during the 3rd quarter. GSA Capital Partners LLP now owns 26,938 shares of the health services provider's stock valued at $2,027,000 after acquiring an additional 12,636 shares in the last quarter. Dark Forest Capital Management LP boosted its stake in shares of Strategic Education by 152.9% during the 3rd quarter. Dark Forest Capital Management LP now owns 9,965 shares of the health services provider's stock worth $750,000 after purchasing an additional 6,024 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Strategic Education by 3.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 11,676 shares of the health services provider's stock worth $879,000 after purchasing an additional 349 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Strategic Education by 0.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 17,924 shares of the health services provider's stock worth $1,656,000 after purchasing an additional 142 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in shares of Strategic Education during the 3rd quarter worth about $915,000. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

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.