Strategic Education (NASDAQ:STRA) posted its quarterly earnings data on Thursday. The health services provider reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.08, RTT News reports. Strategic Education had a net margin of 0.62% and a return on equity of 8.65%. The firm had revenue of $241.70 million during the quarter, compared to analyst estimates of $237.24 million. During the same quarter last year, the business posted $0.92 EPS. The company’s revenue was up 50.2% on a year-over-year basis.
Shares of Strategic Education stock traded up $10.03 during midday trading on Thursday, reaching $132.12. 675,500 shares of the company’s stock traded hands, compared to its average volume of 161,063. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 27.81, a price-to-earnings-growth ratio of 1.24 and a beta of 0.47. The company’s 50 day simple moving average is $134.17 and its 200 day simple moving average is $163.31. Strategic Education has a 52 week low of $102.21 and a 52 week high of $189.79.
A number of equities analysts recently commented on the stock. Barrington Research set a $175.00 price objective on shares of Strategic Education and gave the stock a “buy” rating in a research note on Monday, October 21st. ValuEngine upgraded shares of Strategic Education from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. BidaskClub downgraded shares of Strategic Education from a “sell” rating to a “strong sell” rating in a research report on Friday, September 13th. Finally, Zacks Investment Research downgraded shares of Strategic Education from a “hold” rating to a “sell” rating and set a $143.00 target price for the company. in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $182.00.
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 74 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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