William Blair Comments on Stride, Inc.’s FY2024 Earnings (NYSE:LRN)

Stride, Inc. (NYSE:LRN) – Research analysts at William Blair increased their FY2024 EPS estimates for shares of Stride in a report issued on Wednesday, April 24th. William Blair analyst S. Sheldon now expects that the company will post earnings per share of $4.60 for the year, up from their prior estimate of $4.25. The consensus estimate for Stride’s current full-year earnings is $4.31 per share. William Blair also issued estimates for Stride’s Q4 2024 earnings at $1.34 EPS, Q1 2025 earnings at $0.23 EPS, Q2 2025 earnings at $1.67 EPS, Q3 2025 earnings at $1.73 EPS and Q4 2025 earnings at $1.41 EPS.

Other research analysts have also recently issued reports about the stock. Wedbush reissued an “outperform” rating on shares of Stride in a research note on Wednesday, January 24th. StockNews.com raised shares of Stride from a “hold” rating to a “buy” rating in a research note on Tuesday, April 2nd. Barrington Research reissued an “outperform” rating and set a $75.00 price objective on shares of Stride in a research note on Wednesday. Morgan Stanley raised their price objective on shares of Stride from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Finally, BMO Capital Markets raised their price objective on shares of Stride from $71.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $71.75.

Stride Price Performance

LRN stock opened at $63.20 on Thursday. The firm has a 50 day moving average of $60.26 and a 200-day moving average of $58.25. Stride has a 12-month low of $35.61 and a 12-month high of $69.70. 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 company has a market cap of $2.74 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 0.67 and a beta of 0.26.

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

Institutional Trading of Stride

Several hedge funds and other institutional investors have recently bought and sold shares of LRN. Ronald Blue Trust Inc. grew its stake in Stride by 348.1% in the 3rd quarter. Ronald Blue Trust Inc. now owns 578 shares of the company’s stock worth $26,000 after acquiring an additional 449 shares during the period. SG Americas Securities LLC grew its stake in shares of Stride by 18.5% during the 3rd quarter. SG Americas Securities LLC now owns 19,987 shares of the company’s stock valued at $900,000 after buying an additional 3,119 shares during the period. Exchange Traded Concepts LLC grew its stake in shares of Stride by 126.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 34,169 shares of the company’s stock valued at $1,539,000 after buying an additional 19,068 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Stride during the 3rd quarter valued at $428,000. Finally, TD Asset Management Inc purchased a new stake in shares of Stride during the 3rd quarter valued at $207,000. 98.24% of the stock is owned by hedge funds and other institutional investors.

Stride Company Profile

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.