$236.20 Million in Sales Expected for Strategic Education Inc (STRA) This Quarter
Equities research analysts expect Strategic Education Inc (NASDAQ:STRA) to report sales of $236.20 million for the current quarter, Zacks reports. Two analysts have issued estimates for Strategic Education’s earnings, with estimates ranging from $230.00 million to $242.40 million. Strategic Education posted sales of $118.71 million during the same quarter last year, which suggests a positive year-over-year growth rate of 99%. The company is scheduled to issue its next earnings report on Thursday, March 7th.
On average, analysts expect that Strategic Education will report full year sales of $654.50 million for the current fiscal year, with estimates ranging from $648.30 million to $660.70 million. For the next year, analysts forecast that the company will post sales of $969.15 million, with estimates ranging from $960.00 million to $978.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Strategic Education.
Strategic Education (NASDAQ:STRA) last issued its earnings results on Thursday, November 8th. The health services provider reported $0.92 EPS for the quarter, beating the consensus estimate of $0.68 by $0.24. The company had revenue of $160.90 million during the quarter, compared to analysts’ expectations of $185.48 million. Strategic Education had a negative net margin of 8.74% and a positive return on equity of 10.30%. The business’s revenue for the quarter was up 48.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 EPS.
In related news, Director Todd A. Milano acquired 280 shares of the stock in a transaction that occurred on Wednesday, December 12th. The stock was acquired at an average cost of $122.53 per share, for a total transaction of $34,308.40. Following the transaction, the director now directly owns 23,093 shares in the company, valued at $2,829,585.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider J Kevin Gilligan sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, October 25th. The stock was sold at an average price of $124.76, for a total transaction of $623,800.00. Following the transaction, the insider now owns 87,894 shares of the company’s stock, valued at $10,965,655.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,850 shares of company stock valued at $4,459,145. 3.70% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. C M Bidwell & Associates Ltd. acquired a new position in Strategic Education during the 3rd quarter worth approximately $129,000. Bank of Montreal Can grew its holdings in Strategic Education by 87.2% during the 3rd quarter. Bank of Montreal Can now owns 1,185 shares of the health services provider’s stock worth $163,000 after acquiring an additional 552 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Strategic Education by 141.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,244 shares of the health services provider’s stock worth $170,000 after acquiring an additional 729 shares during the last quarter. CIBC Asset Management Inc bought a new stake in Strategic Education during the 3rd quarter worth approximately $204,000. Finally, Rothschild Investment Corp IL bought a new stake in Strategic Education during the 3rd quarter worth approximately $206,000. Institutional investors and hedge funds own 91.70% of the company’s stock.
Shares of NASDAQ:STRA traded up $1.14 during midday trading on Friday, hitting $110.49. The stock had a trading volume of 164,100 shares, compared to its average volume of 141,600. The stock has a market capitalization of $2.37 billion, a PE ratio of 35.53, a PEG ratio of 1.43 and a beta of 1.27. Strategic Education has a fifty-two week low of $80.75 and a fifty-two week high of $154.89.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 17th. Investors of record on Monday, December 3rd were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend was Friday, November 30th. Strategic Education’s dividend payout ratio is 64.31%.
About Strategic Education
Strategic Education, Inc, through its subsidiaries, provides a range of post-secondary education and other academic programs in the United States. The company operates Strayer University and Capella University that provide undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, nursing, public administration, and criminal justice to working adult students through its 74 physical campuses primarily located in the Mid-Atlantic and Southern regions, as well as through online.
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