Strayer Education, Inc. (NASDAQ:STRA) – Investment analysts at First Analysis cut their Q3 2017 earnings per share (EPS) estimates for Strayer Education in a research note issued on Sunday. First Analysis analyst C. Greendale now expects that the health services provider will earn $0.32 per share for the quarter, down from their previous forecast of $0.45. First Analysis currently has a “Equal Weight” rating and a $95.00 target price on the stock. First Analysis also issued estimates for Strayer Education’s FY2017 earnings at $3.41 EPS and FY2018 earnings at $3.76 EPS.
Strayer Education (NASDAQ:STRA) last issued its earnings results on Wednesday, July 26th. The health services provider reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.05. Strayer Education had a return on equity of 17.65% and a net margin of 7.90%. The company had revenue of $112.70 million for the quarter, compared to analyst estimates of $113.68 million. During the same period in the prior year, the firm posted $0.72 EPS. The business’s revenue was up 3.9% compared to the same quarter last year.
STRA has been the topic of several other research reports. Piper Jaffray Companies reissued a “hold” rating on shares of Strayer Education in a research note on Friday, July 21st. BidaskClub downgraded Strayer Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. BMO Capital Markets reissued a “buy” rating and issued a $100.00 price target on shares of Strayer Education in a research note on Thursday, July 20th. Finally, Zacks Investment Research downgraded Strayer Education from a “hold” rating to a “strong sell” rating in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $83.75.
Strayer Education (STRA) opened at 81.51 on Wednesday. Strayer Education has a 12 month low of $44.58 and a 12 month high of $95.74. The firm has a 50-day moving average price of $89.51 and a 200 day moving average price of $84.77. The firm has a market capitalization of $872.24 million, a price-to-earnings ratio of 25.32 and a beta of 0.90.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Tuesday, September 5th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Friday, September 1st. Strayer Education’s dividend payout ratio is currently 31.15%.
Hedge funds have recently added to or reduced their stakes in the stock. State of Tennessee Treasury Department increased its stake in Strayer Education by 12.5% in the first quarter. State of Tennessee Treasury Department now owns 9,792 shares of the health services provider’s stock worth $788,000 after buying an additional 1,087 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Strayer Education by 4.6% in the first quarter. Ameriprise Financial Inc. now owns 54,601 shares of the health services provider’s stock worth $4,395,000 after buying an additional 2,413 shares in the last quarter. Karp Capital Management Corp bought a new stake in Strayer Education during the first quarter worth about $239,000. Smith Asset Management Group LP increased its stake in Strayer Education by 22.0% in the first quarter. Smith Asset Management Group LP now owns 42,440 shares of the health services provider’s stock worth $3,416,000 after buying an additional 7,640 shares in the last quarter. Finally, Comerica Bank increased its stake in Strayer Education by 3.8% in the first quarter. Comerica Bank now owns 11,515 shares of the health services provider’s stock worth $1,011,000 after buying an additional 418 shares in the last quarter. 92.27% of the stock is currently owned by institutional investors and hedge funds.
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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