Wall Street analysts forecast that Strategic Education Inc (NASDAQ:STRA) will announce sales of $240.95 million for the current quarter, Zacks reports. Two analysts have issued estimates for Strategic Education’s earnings. The lowest sales estimate is $240.90 million and the highest is $241.00 million. Strategic Education reported sales of $114.67 million during the same quarter last year, which indicates a positive year-over-year growth rate of 110.1%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Wednesday, July 31st.
According to Zacks, analysts expect that Strategic Education will report full-year sales of $987.31 million for the current fiscal year, with estimates ranging from $984.51 million to $990.10 million. For the next fiscal year, analysts forecast that the firm will post sales of $1.06 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Strategic Education.
Strategic Education (NASDAQ:STRA) last posted its quarterly earnings results on Wednesday, May 1st. The health services provider reported $1.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.23. Strategic Education had a positive return on equity of 8.74% and a negative net margin of 1.78%. The firm had revenue of $246.50 million for the quarter, compared to the consensus estimate of $240.71 million. During the same period in the previous year, the business earned $1.23 earnings per share. The company’s revenue for the quarter was up 111.6% compared to the same quarter last year.
STRA has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research report on Monday, July 8th. BidaskClub upgraded Zynerba Pharmaceuticals from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 18th. BMO Capital Markets set a C$106.00 target price on FirstService and gave the stock a “market perform” rating in a research report on Monday, June 3rd. First Analysis reiterated a “strong-buy” rating and set a $216.00 target price (up from $210.00) on shares of Strategic Education in a research report on Friday, June 28th. Finally, Barrington Research reissued an “outperform” rating and issued a $185.00 price target (up from $175.00) on shares of Strategic Education in a report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $184.80.
Shares of Strategic Education stock traded down $1.44 during trading on Friday, reaching $180.99. The company’s stock had a trading volume of 435,895 shares, compared to its average volume of 155,155. Strategic Education has a 12-month low of $102.21 and a 12-month high of $186.95. The firm has a market capitalization of $4.00 billion, a P/E ratio of 38.10, a P/E/G ratio of 1.88 and a beta of 0.62. The business’s 50 day simple moving average is $180.11.
In other news, Director Todd A. Milano sold 6,449 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $180.47, for a total value of $1,163,851.03. Following the completion of the transaction, the director now directly owns 7,543 shares of the company’s stock, valued at $1,361,285.21. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Raymond Karl Mcdonnell sold 22,436 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $164.25, for a total value of $3,685,113.00. Following the completion of the transaction, the chief executive officer now directly owns 157,423 shares of the company’s stock, valued at $25,856,727.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 48,249 shares of company stock valued at $7,728,921. Insiders own 3.60% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in STRA. Quantamental Technologies LLC acquired a new position in shares of Strategic Education in the first quarter worth $42,000. Flinton Capital Management LLC increased its stake in Strategic Education by 118.5% in the fourth quarter. Flinton Capital Management LLC now owns 1,652 shares of the health services provider’s stock valued at $187,000 after purchasing an additional 896 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in Strategic Education in the fourth quarter valued at $204,000. Bank of Montreal Can increased its stake in Strategic Education by 12.9% in the first quarter. Bank of Montreal Can now owns 1,582 shares of the health services provider’s stock valued at $208,000 after purchasing an additional 181 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new position in Strategic Education in the fourth quarter valued at $214,000. 97.07% of the stock is owned by institutional investors.
About Strategic Education
Strategic Education, Inc, through its subsidiaries, provides a range of post-secondary education and non-degree programs in the United States. The company operates through three segments: Strayer University, Capella University, and Non-Degree Programs. It operates Strayer University that provides undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration, and criminal justice for working adult students through its 74 physical campuses located in the eastern United States, as well as through online; and an executive MBA online through its Jack Welch Management Institute.
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