What is Zacks Research’s Estimate for STRA FY2024 Earnings?

Strategic Education, Inc. (NASDAQ:STRA) – Investment analysts at Zacks Research upped their FY2024 EPS estimates for shares of Strategic Education in a note issued to investors on Wednesday, January 15th. Zacks Research analyst R. Department now expects that the health services provider will post earnings of $4.78 per share for the year, up from their previous estimate of $4.77. The consensus estimate for Strategic Education’s current full-year earnings is $4.79 per share.

STRA has been the subject of a number of other research reports. Truist Financial decreased their target price on shares of Strategic Education from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. StockNews.com downgraded Strategic Education from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th. Finally, Barrington Research reiterated an “outperform” rating and set a $135.00 price target on shares of Strategic Education in a report on Thursday, November 7th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Strategic Education has a consensus rating of “Moderate Buy” and a consensus price target of $126.00.

Strategic Education Stock Performance

STRA stock opened at $97.14 on Friday. The stock has a market cap of $2.39 billion, a P/E ratio of 18.50, a P/E/G ratio of 1.08 and a beta of 0.58. The firm has a 50 day simple moving average of $96.32 and a 200 day simple moving average of $97.03. Strategic Education has a 52 week low of $85.11 and a 52 week high of $123.62.

Strategic Education (NASDAQ:STRA) last announced its quarterly earnings data on Thursday, November 7th. The health services provider reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.35. The firm had revenue of $305.96 million during the quarter, compared to the consensus estimate of $301.62 million. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.97 EPS.

Strategic Education Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend was Monday, December 2nd. Strategic Education’s payout ratio is 45.71%.

Institutional Trading of Strategic Education

Institutional investors and hedge funds have recently made changes to their positions in the stock. Marshfield Associates increased its holdings in shares of Strategic Education by 0.5% during the 3rd quarter. Marshfield Associates now owns 1,829,622 shares of the health services provider’s stock valued at $169,332,000 after acquiring an additional 9,001 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Strategic Education by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,447,810 shares of the health services provider’s stock valued at $160,212,000 after purchasing an additional 48,462 shares during the last quarter. Burgundy Asset Management Ltd. raised its position in shares of Strategic Education by 2.1% in the second quarter. Burgundy Asset Management Ltd. now owns 1,209,100 shares of the health services provider’s stock valued at $133,799,000 after purchasing an additional 25,269 shares during the period. State Street Corp lifted its stake in shares of Strategic Education by 6.1% in the third quarter. State Street Corp now owns 890,133 shares of the health services provider’s stock worth $82,382,000 after buying an additional 50,980 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Strategic Education by 5.3% during the 3rd quarter. Geode Capital Management LLC now owns 561,274 shares of the health services provider’s stock worth $51,956,000 after buying an additional 28,082 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.

Strategic Education Company Profile

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.