Equities analysts forecast that Strayer Education Inc (NASDAQ:STRA) will post $185.40 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Strayer Education’s earnings, with estimates ranging from $185.00 million to $185.80 million. Strayer Education posted sales of $108.51 million in the same quarter last year, which would indicate a positive year over year growth rate of 70.9%. The business is scheduled to issue its next earnings results on Monday, October 29th.
According to Zacks, analysts expect that Strayer Education will report full-year sales of $654.92 million for the current year, with estimates ranging from $651.14 million to $658.70 million. For the next year, analysts forecast that the company will report sales of $972.70 million per share, with estimates ranging from $970.00 million to $975.40 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Strayer Education.
Strayer Education (NASDAQ:STRA) last released its earnings results on Wednesday, August 1st. The health services provider reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.03. Strayer Education had a net margin of 3.14% and a return on equity of 18.39%. The business had revenue of $114.70 million for the quarter, compared to analysts’ expectations of $115.65 million. During the same period last year, the company earned $0.92 earnings per share. The company’s quarterly revenue was up 1.8% on a year-over-year basis.
Several research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Strayer Education from a “buy” rating to a “hold” rating in a report on Friday, June 1st. ValuEngine cut shares of Strayer Education from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. Barrington Research began coverage on shares of Strayer Education in a research note on Tuesday, August 21st. They set an “outperform” rating and a $160.00 price target for the company. Piper Jaffray Companies increased their price target on shares of Strayer Education to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, August 2nd. Finally, BidaskClub cut shares of Strayer Education from a “buy” rating to a “hold” rating in a research note on Wednesday, May 9th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Strayer Education currently has an average rating of “Buy” and an average target price of $142.40.
In other news, Director William E. Brock sold 4,100 shares of the firm’s stock in a transaction on Friday, June 15th. The shares were sold at an average price of $109.91, for a total value of $450,631.00. Following the completion of the sale, the director now owns 4,739 shares in the company, valued at approximately $520,863.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider J Kevin Gilligan sold 5,000 shares of the stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $136.55, for a total transaction of $682,750.00. Following the completion of the transaction, the insider now owns 126,237 shares of the company’s stock, valued at approximately $17,237,662.35. The disclosure for this sale can be found here. Insiders sold a total of 187,238 shares of company stock valued at $23,217,063 in the last 90 days. Company insiders own 6.70% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in STRA. Poplar Forest Capital LLC purchased a new position in Strayer Education during the 1st quarter valued at about $213,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Strayer Education during the 2nd quarter worth about $226,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Strayer Education during the 2nd quarter worth about $235,000. Yorktown Management & Research Co Inc acquired a new stake in shares of Strayer Education during the 2nd quarter worth about $238,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Strayer Education during the 2nd quarter worth about $257,000. Institutional investors and hedge funds own 99.92% of the company’s stock.
Shares of NASDAQ:STRA traded down $1.48 during trading hours on Monday, reaching $135.14. The stock had a trading volume of 818 shares, compared to its average volume of 141,954. Strayer Education has a 1 year low of $77.00 and a 1 year high of $138.97. The company has a market cap of $1.57 billion, a PE ratio of 43.61, a P/E/G ratio of 3.06 and a beta of 0.89.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 7th. Stockholders of record on Friday, August 31st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Thursday, August 30th. This is a boost from Strayer Education’s previous quarterly dividend of $0.25. Strayer Education’s dividend payout ratio (DPR) is 64.31%.
Strayer Education Company Profile
Strayer 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 that provides 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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