Analysts Expect Stride, Inc. (NYSE:LRN) Will Post Quarterly Sales of $395.35 Million

Brokerages expect Stride, Inc. (NYSE:LRN) to announce $395.35 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Stride’s earnings. The lowest sales estimate is $395.00 million and the highest is $395.70 million. Stride reported sales of $376.15 million in the same quarter last year, which indicates a positive year-over-year growth rate of 5.1%. The business is scheduled to issue its next earnings results on Tuesday, January 25th.

On average, analysts expect that Stride will report full year sales of $1.58 billion for the current fiscal year. For the next fiscal year, analysts expect that the company will report sales of $1.63 billion, with estimates ranging from $1.54 billion to $1.69 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Stride.

Stride (NYSE:LRN) last announced its quarterly earnings data on Monday, October 18th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.01). The firm had revenue of $400.23 million during the quarter, compared to the consensus estimate of $356.03 million. Stride had a return on equity of 6.91% and a net margin of 3.38%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.30 EPS.

Several analysts have issued reports on LRN shares. Citigroup started coverage on shares of Stride in a research note on Tuesday, September 14th. They issued a “buy” rating and a $65.00 price objective for the company. Zacks Investment Research raised shares of Stride from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research note on Wednesday, November 17th.

Hedge funds have recently modified their holdings of the stock. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Stride by 38.3% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 61,000 shares of the company’s stock valued at $1,960,000 after buying an additional 16,900 shares during the period. Squarepoint Ops LLC grew its holdings in Stride by 268.1% in the second quarter. Squarepoint Ops LLC now owns 71,292 shares of the company’s stock worth $2,291,000 after purchasing an additional 51,922 shares during the last quarter. Citigroup Inc. grew its holdings in Stride by 63.6% in the second quarter. Citigroup Inc. now owns 9,943 shares of the company’s stock worth $320,000 after purchasing an additional 3,865 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in Stride by 8.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 19,126 shares of the company’s stock worth $615,000 after purchasing an additional 1,426 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Stride by 3.3% during the second quarter. Goldman Sachs Group Inc. now owns 161,544 shares of the company’s stock worth $5,190,000 after buying an additional 5,158 shares during the period. 85.80% of the stock is currently owned by institutional investors.

NYSE LRN traded up $0.07 during trading on Thursday, hitting $35.57. The stock had a trading volume of 164,506 shares, compared to its average volume of 633,079. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.93 and a current ratio of 3.01. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 28.01, a P/E/G ratio of 0.90 and a beta of 0.50. Stride has a one year low of $20.39 and a one year high of $38.40. The stock has a 50 day simple moving average of $35.36 and a 200 day simple moving average of $32.45.

About Stride

Stride, Inc is a technology-based educational company, which offers proprietary and third party curriculum, software systems and educational services. It also offers online curriculum and career services to middle and high school students, under the Destinations Career Academy brand name. The company was founded by Ronald J.

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