Strayer Education, Inc. Plans Quarterly Dividend of $0.25 (STRA)

Strayer Education, Inc. (NASDAQ:STRA) announced a quarterly dividend on Wednesday, July 26th, RTT News reports. Shareholders of record on Tuesday, September 5th will be paid a dividend of 0.25 per share by the health services provider on Monday, September 18th. This represents a $1.00 annualized dividend and a yield of 1.26%. The ex-dividend date is Friday, September 1st.

Shares of Strayer Education (NASDAQ STRA) traded down 0.16% during midday trading on Friday, reaching $79.07. The company’s stock had a trading volume of 49,545 shares. The company has a 50 day moving average of $87.77 and a 200-day moving average of $84.78. Strayer Education has a 52 week low of $44.63 and a 52 week high of $95.74. The stock has a market capitalization of $846.13 million, a price-to-earnings ratio of 24.56 and a beta of 0.90.

Strayer Education (NASDAQ:STRA) last issued its quarterly earnings results on Wednesday, July 26th. The health services provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.05. Strayer Education had a net margin of 7.90% and a return on equity of 17.65%. The business had revenue of $112.70 million for the quarter, compared to analyst estimates of $113.68 million. During the same period in the previous year, the business posted $0.72 earnings per share. The business’s revenue was up 3.9% compared to the same quarter last year. Equities research analysts predict that Strayer Education will post $3.33 earnings per share for the current year.

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STRA has been the topic of a number of recent analyst reports. Piper Jaffray Companies reiterated a “hold” rating on shares of Strayer Education in a research note on Friday, July 21st. BidaskClub lowered shares of Strayer Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. BMO Capital Markets restated a “buy” rating and set a $100.00 target price on shares of Strayer Education in a research report on Thursday, July 20th. First Analysis upped their target price on shares of Strayer Education from $76.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Monday, May 15th. Finally, Zacks Investment Research lowered shares of Strayer Education from a “hold” rating to a “strong sell” rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Strayer Education currently has a consensus rating of “Hold” and a consensus target price of $83.75.

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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