FY2024 EPS Estimates for Stride, Inc. Boosted by Analyst (NYSE:LRN)

Stride, Inc. (NYSE:LRN - Free Report) - Investment analysts at Barrington Research upped their FY2024 earnings estimates for Stride in a research report issued on Wednesday, April 24th. Barrington Research analyst A. Paris now expects that the company will post earnings per share of $4.52 for the year, up from their previous forecast of $4.25. Barrington Research currently has a "Outperform" rating and a $75.00 target price on the stock. The consensus estimate for Stride's current full-year earnings is $4.31 per share. Barrington Research also issued estimates for Stride's Q4 2024 earnings at $1.28 EPS and FY2025 earnings at $5.00 EPS.

A number of other brokerages also recently commented on LRN. BMO Capital Markets lifted their target price on shares of Stride from $72.00 to $73.00 and gave the stock an "outperform" rating in a research note on Thursday. StockNews.com raised shares of Stride from a "hold" rating to a "buy" rating in a research note on Tuesday, April 2nd. Morgan Stanley boosted their price target on shares of Stride from $60.00 to $65.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 24th. Wedbush reissued an "outperform" rating on shares of Stride in a research note on Wednesday, January 24th. Finally, Citigroup boosted their price target on shares of Stride from $70.00 to $75.00 and gave the company a "buy" rating in a research note on Monday, January 29th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Stride presently has a consensus rating of "Moderate Buy" and an average target price of $72.00.

Stride Trading Up 4.9 %

LRN stock traded up $3.12 during trading on Thursday, reaching $66.35. 1,295,046 shares of the stock were exchanged, compared to its average volume of 783,515. The company has a current ratio of 4.52, a quick ratio of 4.44 and a debt-to-equity ratio of 0.43. The business has a 50 day moving average price of $60.32 and a 200-day moving average price of $58.29. Stride has a 1 year low of $35.61 and a 1 year high of $69.70. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 15.35, a P/E/G ratio of 0.67 and a beta of 0.26.

Stride (NYSE:LRN - Get Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.60 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.13. The firm had revenue of $520.84 million for the quarter, compared to analyst estimates of $507.89 million. Stride had a net margin of 9.29% and a return on equity of 18.86%. Stride's quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.30 earnings per share.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Stride by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 4,969,506 shares of the company's stock worth $223,777,000 after acquiring an additional 28,661 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Stride by 148.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 27,731 shares of the company's stock worth $1,646,000 after acquiring an additional 16,579 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Stride by 89.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 118,047 shares of the company's stock worth $5,316,000 after acquiring an additional 55,641 shares in the last quarter. Weil Company Inc. grew its holdings in Stride by 38.1% during the 3rd quarter. Weil Company Inc. now owns 48,315 shares of the company's stock worth $2,176,000 after acquiring an additional 13,324 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Stride by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 531,030 shares of the company's stock valued at $23,912,000 after buying an additional 8,754 shares in the last quarter. Institutional investors and hedge funds own 98.24% of the company's stock.

About Stride

Stride, Inc, a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally.