Zacks: Analysts Expect Strayer Education Inc (STRA) Will Announce Earnings of $1.28 Per Share

Brokerages expect Strayer Education Inc (NASDAQ:STRA) to announce earnings of $1.28 per share for the current quarter, according to Zacks. Zero analysts have provided estimates for Strayer Education’s earnings, with the lowest EPS estimate coming in at $1.27 and the highest estimate coming in at $1.29. Strayer Education reported earnings of $0.95 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 34.7%. The business is expected to report its next quarterly earnings results on Thursday, February 15th.

According to Zacks, analysts expect that Strayer Education will report full year earnings of $3.35 per share for the current year, with EPS estimates ranging from $3.32 to $3.37. For the next fiscal year, analysts expect that the business will post earnings of $3.96 per share, with EPS estimates ranging from $3.88 to $4.03. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Strayer Education.

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

Several brokerages recently issued reports on STRA. BMO Capital Markets restated an “outperform” rating and set a $118.00 price target (up from $99.00) on shares of Strayer Education in a research note on Tuesday, October 31st. ValuEngine lowered Strayer Education from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Piper Jaffray Companies restated a “hold” rating and set a $87.00 price target on shares of Strayer Education in a research note on Tuesday, October 17th. Zacks Investment Research lowered Strayer Education from a “buy” rating to a “hold” rating in a research note on Friday, October 6th. Finally, BidaskClub lowered Strayer Education from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Strayer Education currently has an average rating of “Hold” and a consensus price target of $104.75.

Institutional investors and hedge funds have recently modified their holdings of the stock. TimesSquare Capital Management LLC bought a new stake in shares of Strayer Education in the 2nd quarter valued at approximately $21,483,000. Chartwell Investment Partners LLC bought a new stake in shares of Strayer Education in the 3rd quarter valued at approximately $4,138,000. Vanguard Group Inc. grew its stake in shares of Strayer Education by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 1,143,120 shares of the health services provider’s stock valued at $106,562,000 after purchasing an additional 35,328 shares during the period. Lord Abbett & CO. LLC bought a new stake in shares of Strayer Education in the 2nd quarter valued at approximately $2,424,000. Finally, Granahan Investment Management Inc. MA grew its stake in shares of Strayer Education by 12.8% in the 3rd quarter. Granahan Investment Management Inc. MA now owns 214,302 shares of the health services provider’s stock valued at $18,702,000 after purchasing an additional 24,302 shares during the period. Hedge funds and other institutional investors own 93.73% of the company’s stock.

Strayer Education (STRA) opened at $90.57 on Thursday. Strayer Education has a 12 month low of $71.31 and a 12 month high of $100.72. The company has a market capitalization of $1,018.36, a PE ratio of 25.88 and a beta of 0.90.

The company also recently declared a quarterly dividend, which was paid on Monday, December 18th. Investors of record on Monday, December 4th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, December 1st. This represents a $1.00 annualized dividend and a yield of 1.10%. Strayer Education’s dividend payout ratio is 28.57%.

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About Strayer Education

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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