Strategic Education, Inc. (STRA) to Issue Quarterly Dividend of $0.60 on June 3rd

Strategic Education, Inc. (NASDAQ:STRA) announced a quarterly dividend on Thursday, April 25th, RTT News reports. Investors of record on Friday, May 24th will be paid a dividend of 0.60 per share by the health services provider on Monday, June 3rd. This represents a $2.40 annualized dividend and a yield of 1.98%. The ex-dividend date is Thursday, May 23rd.

Strategic Education has a payout ratio of 43.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Strategic Education to earn $5.54 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 43.3%.

Strategic Education Trading Up 3.4 %

Shares of STRA opened at $121.06 on Friday. The business has a 50-day moving average of $101.89 and a 200 day moving average of $94.19. Strategic Education has a fifty-two week low of $64.53 and a fifty-two week high of $121.29. The firm has a market cap of $2.98 billion, a P/E ratio of 28.69, a price-to-earnings-growth ratio of 1.40 and a beta of 0.50. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.57 and a current ratio of 1.49.

Strategic Education (NASDAQ:STRA) last announced its quarterly earnings data on Thursday, April 25th. The health services provider reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.51. Strategic Education had a return on equity of 6.78% and a net margin of 8.70%. The company had revenue of $290.25 million during the quarter, compared to analyst estimates of $274.02 million. As a group, research analysts forecast that Strategic Education will post 4.61 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on STRA shares. Truist Financial lifted their price objective on Strategic Education from $125.00 to $145.00 and gave the stock a “buy” rating in a report on Friday. BMO Capital Markets lifted their price objective on Strategic Education from $103.00 to $123.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Barrington Research lifted their target price on Strategic Education from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday. Bank of America lifted their target price on Strategic Education from $104.00 to $124.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Finally, StockNews.com raised Strategic Education from a “hold” rating to a “buy” rating in a report on Friday. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Strategic Education currently has an average rating of “Buy” and an average price target of $131.75.

Insider Buying and Selling at Strategic Education

In other Strategic Education news, CEO Raymond Karl Mcdonnell sold 12,820 shares of Strategic Education stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $95.99, for a total transaction of $1,230,591.80. Following the completion of the transaction, the chief executive officer now owns 161,359 shares of the company’s stock, valued at approximately $15,488,850.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Raymond Karl Mcdonnell sold 12,820 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $95.99, for a total transaction of $1,230,591.80. Following the completion of the transaction, the chief executive officer now owns 161,359 shares of the company’s stock, valued at $15,488,850.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Daniel Wayne Jackson sold 3,713 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $95.95, for a total value of $356,262.35. Following the transaction, the chief financial officer now directly owns 71,770 shares of the company’s stock, valued at approximately $6,886,331.50. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

About Strategic Education

Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. The company operates through U.S. Higher Education, Australia/New Zealand, and Education Technology Services segments. It operates Strayer University that offers undergraduate and graduate degree programs in business, criminal justice, education, health services, information technology, and public administration at physical campuses located in the eastern United States, as well as through online; non-degree web and mobile application development courses through Hackbright Academy and Devmountain; and MBA online through its Jack Welch Management Institute.