Strayer Education Inc (STRA) Expected to Announce Earnings of $1.28 Per Share

Brokerages expect Strayer Education Inc (NASDAQ:STRA) to post earnings per share (EPS) of $1.28 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Strayer Education’s earnings. The lowest EPS estimate is $1.27 and the highest is $1.29. Strayer Education reported earnings per share of $0.95 during the same quarter last year, which indicates a positive year over year growth rate of 34.7%. The firm is scheduled to announce its next earnings results on Thursday, February 15th.

On average, analysts expect that Strayer Education will report full-year earnings of $3.35 per share for the current fiscal year, with EPS estimates ranging from $3.32 to $3.37. For the next fiscal year, analysts anticipate that the firm will post earnings of $3.96 per share, with EPS estimates ranging from $3.88 to $4.03. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Strayer Education.

Strayer Education (NASDAQ:STRA) last issued its quarterly earnings results on Monday, October 30th. The health services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). Strayer Education had a return on equity of 17.27% and a net margin of 8.52%. The business had revenue of $108.50 million for the quarter, compared to analyst estimates of $107.54 million. During the same quarter in the prior year, the firm earned $0.25 EPS. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year.

STRA has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Strayer Education from a “sell” rating to a “buy” rating and set a $94.00 price target for the company in a research report on Tuesday, September 26th. BidaskClub cut shares of Strayer Education from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Piper Jaffray Companies reiterated a “hold” rating and set a $96.00 price target on shares of Strayer Education in a research report on Monday, December 4th. ValuEngine cut shares of Strayer Education from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $118.00 price target (up previously from $99.00) on shares of Strayer Education in a research report on Tuesday, October 31st. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $104.75.

A number of institutional investors have recently added to or reduced their stakes in STRA. Victory Capital Management Inc. boosted its stake in Strayer Education by 15.1% during the 2nd quarter. Victory Capital Management Inc. now owns 1,680 shares of the health services provider’s stock worth $157,000 after acquiring an additional 221 shares during the last quarter. Stifel Financial Corp bought a new position in Strayer Education during the 2nd quarter worth approximately $202,000. Crossmark Global Holdings Inc. bought a new position in Strayer Education during the 3rd quarter worth approximately $203,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in Strayer Education during the 3rd quarter worth approximately $208,000. Finally, Piedmont Investment Advisors LLC bought a new position in Strayer Education during the 2nd quarter worth approximately $211,000. 97.76% of the stock is currently owned by institutional investors and hedge funds.

Shares of Strayer Education (NASDAQ STRA) traded up $2.03 during trading hours on Monday, hitting $92.74. 71,193 shares of the stock traded hands, compared to its average volume of 80,173. Strayer Education has a 12 month low of $71.31 and a 12 month high of $100.72. The firm has a market cap of $1,012.96, a PE ratio of 28.71 and a beta of 0.89.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Monday, December 4th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Friday, December 1st. Strayer Education’s dividend payout ratio is 28.57%.

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Strayer Education Company Profile

Strayer Education, Inc is an education services holding company. The Company provides post-secondary education and other academic programs, through its subsidiaries, Strayer University (the University) and New York Code and Design Academy (NYCDA). As of December 31, 2016, the University offered undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, nursing, public administration and criminal justice at 74 physical campuses located in the Mid-Atlantic and Southern regions of the United States, and online.

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Earnings History and Estimates for Strayer Education (NASDAQ:STRA)

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