Strategic Education, Inc. (NASDAQ:STRA) Expected to Announce Quarterly Sales of $258.41 Million


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Wall Street analysts predict that Strategic Education, Inc. (NASDAQ:STRA) will announce $258.41 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Strategic Education’s earnings. The highest sales estimate is $276.82 million and the lowest is $240.00 million. Strategic Education reported sales of $263.77 million in the same quarter last year, which indicates a negative year over year growth rate of 2%. The business is scheduled to issue its next quarterly earnings report on Friday, February 26th.

According to Zacks, analysts expect that Strategic Education will report full year sales of $1.02 billion for the current financial year, with estimates ranging from $1.00 billion to $1.04 billion. For the next year, analysts expect that the business will report sales of $1.17 billion, with estimates ranging from $1.15 billion to $1.19 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Strategic Education.

Strategic Education (NASDAQ:STRA) last issued its earnings results on Thursday, November 5th. The health services provider reported $1.18 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.02). Strategic Education had a return on equity of 11.43% and a net margin of 11.16%. The firm had revenue of $239.00 million during the quarter, compared to analysts’ expectations of $241.13 million. During the same period in the previous year, the firm earned $1.28 earnings per share. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year.

Several brokerages recently commented on STRA. Bank of America began coverage on shares of Strategic Education in a research note on Wednesday, December 2nd. They issued a “buy” rating and a $107.00 target price on the stock. Zacks Investment Research raised shares of Strategic Education from a “sell” rating to a “hold” rating and set a $95.00 price objective on the stock in a research report on Wednesday, November 25th. BidaskClub downgraded shares of Strategic Education from a “sell” rating to a “strong sell” rating in a research report on Saturday. Truist began coverage on shares of Strategic Education in a research report on Friday, September 18th. They set a “hold” rating and a $105.00 price objective on the stock. Finally, Barrington Research reissued an “outperform” rating and set a $130.00 price objective (down from $165.00) on shares of Strategic Education in a research report on Thursday, November 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. Strategic Education currently has an average rating of “Hold” and a consensus target price of $135.33.

In related news, CEO Raymond Karl Mcdonnell sold 396 shares of the company’s stock in a transaction dated Friday, November 13th. The shares were sold at an average price of $87.73, for a total value of $34,741.08. Following the transaction, the chief executive officer now owns 115,638 shares in the company, valued at approximately $10,144,921.74. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John T. Casteen III sold 2,378 shares of the company’s stock in a transaction dated Thursday, December 10th. The stock was sold at an average price of $95.78, for a total transaction of $227,764.84. Following the completion of the transaction, the director now owns 4,960 shares in the company, valued at approximately $475,068.80. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

A number of institutional investors have recently made changes to their positions in STRA. Eudaimonia Partners LLC bought a new position in Strategic Education in the 3rd quarter worth about $47,000. Securian Asset Management Inc boosted its stake in Strategic Education by 5.3% in the 3rd quarter. Securian Asset Management Inc now owns 2,370 shares of the health services provider’s stock worth $217,000 after purchasing an additional 120 shares in the last quarter. XTX Markets LLC bought a new position in Strategic Education in the 3rd quarter worth about $237,000. Aigen Investment Management LP purchased a new position in Strategic Education in the 3rd quarter worth about $245,000. Finally, Marshall Wace LLP purchased a new position in Strategic Education in the 2nd quarter worth about $288,000. Institutional investors own 94.99% of the company’s stock.

Shares of NASDAQ STRA traded down $1.63 during mid-day trading on Wednesday, hitting $89.42. The stock had a trading volume of 267,364 shares, compared to its average volume of 254,196. Strategic Education has a 1 year low of $81.83 and a 1 year high of $187.98. The business has a 50 day moving average price of $94.24 and a two-hundred day moving average price of $106.93. The firm has a market cap of $2.18 billion, a P/E ratio of 17.23, a price-to-earnings-growth ratio of 0.97 and a beta of 0.41.

Strategic Education Company Profile

Strategic Education, Inc, through its subsidiaries, provides a range of post-secondary education and non-degree programs in the United States. The company operates through three segments: Strayer University, Capella University, and Non-Degree Programs. It operates Strayer University that provides undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration, and criminal justice for working adult students through its 77 physical campuses located in the eastern United States, as well as through online; and an executive MBA online through its Jack Welch Management Institute.

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