Stride (NYSE:LRN - Get Free Report) announced its earnings results on Tuesday. The company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.13, Briefing.com reports. Stride had a net margin of 8.80% and a return on equity of 17.77%. The company had revenue of $520.84 million during the quarter, compared to analyst estimates of $507.89 million. During the same period in the previous year, the business earned $1.30 earnings per share. The firm's quarterly revenue was up 10.7% compared to the same quarter last year. Stride updated its FY 2024 guidance to EPS.
Stride Trading Up 8.6 %
Shares of Stride stock traded up $5.00 during trading on Wednesday, reaching $63.20. 2,176,894 shares of the stock were exchanged, compared to its average volume of 776,449. The company has a quick ratio of 4.44, a current ratio of 4.52 and a debt-to-equity ratio of 0.43. The stock's fifty day moving average is $60.26 and its 200 day moving average is $58.25. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 15.96, a price-to-earnings-growth ratio of 0.67 and a beta of 0.26. Stride has a 1 year low of $35.61 and a 1 year high of $69.70.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on LRN. Citigroup upped their target price on shares of Stride from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Monday, January 29th. Barrington Research restated an "outperform" rating and set a $75.00 price target on shares of Stride in a research report on Wednesday. BMO Capital Markets upped their price target on shares of Stride from $71.00 to $72.00 and gave the company an "outperform" rating in a research report on Thursday, January 25th. StockNews.com upgraded shares of Stride from a "hold" rating to a "buy" rating in a research report on Tuesday, April 2nd. Finally, Morgan Stanley upped their price target on shares of Stride from $60.00 to $65.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 24th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $71.75.
Read Our Latest Stock Report on LRN
About Stride
(
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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.
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