Equities research analysts expect Strategic Education Inc (NASDAQ:STRA) to post sales of $236.20 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Strategic Education’s earnings, with estimates ranging from $230.00 million to $242.40 million. Strategic Education reported sales of $118.71 million during the same quarter last year, which indicates a positive year over year growth rate of 99%. The firm is scheduled to issue its next quarterly earnings report before the market opens on Friday, March 1st.
On average, analysts expect that Strategic Education will report full year sales of $654.50 million for the current year, with estimates ranging from $648.30 million to $660.70 million. For the next financial year, analysts expect that the firm will report sales of $969.15 million, with estimates ranging from $960.00 million to $978.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Strategic Education.
Get Strategic Education alerts:Several brokerages have weighed in on STRA. Barrington Research lifted their price objective on shares of Strategic Education to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, November 8th. BMO Capital Markets lifted their price objective on shares of Strategic Education to $158.00 and gave the stock an “outperform” rating in a research note on Monday, November 12th. BidaskClub cut shares of Strategic Education from a “buy” rating to a “hold” rating in a research note on Saturday, November 17th. Zacks Investment Research cut shares of Strategic Education from a “buy” rating to a “hold” rating in a research note on Wednesday, February 13th. Finally, ValuEngine cut shares of Strategic Education from a “buy” rating to a “hold” rating in a research note on Monday, January 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Strategic Education currently has a consensus rating of “Hold” and a consensus price target of $149.60.
Shares of Strategic Education stock opened at $119.11 on Tuesday. Strategic Education has a twelve month low of $80.75 and a twelve month high of $154.89. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 38.30, a price-to-earnings-growth ratio of 1.57 and a beta of 1.12.
In other Strategic Education news, Director Todd A. Milano acquired 280 shares of the company’s stock in a transaction on Wednesday, December 12th. The stock was acquired at an average price of $122.53 per share, for a total transaction of $34,308.40. Following the purchase, the director now directly owns 23,093 shares of the company’s stock, valued at $2,829,585.29. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider J Kevin Gilligan sold 3,343 shares of Strategic Education stock in a transaction dated Thursday, November 29th. The stock was sold at an average price of $132.19, for a total transaction of $441,911.17. Following the completion of the sale, the insider now owns 61,994 shares of the company’s stock, valued at approximately $8,194,986.86. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Strategic Education by 2.3% in the 4th quarter. BlackRock Inc. now owns 3,226,093 shares of the health services provider’s stock valued at $365,903,000 after buying an additional 71,469 shares in the last quarter. Vanguard Group Inc raised its position in shares of Strategic Education by 100.5% in the 3rd quarter. Vanguard Group Inc now owns 2,184,052 shares of the health services provider’s stock valued at $299,280,000 after buying an additional 1,094,853 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Strategic Education by 100.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,184,052 shares of the health services provider’s stock valued at $299,280,000 after buying an additional 1,094,853 shares in the last quarter. Capital World Investors raised its position in shares of Strategic Education by 22.9% in the 3rd quarter. Capital World Investors now owns 1,068,970 shares of the health services provider’s stock valued at $146,481,000 after buying an additional 198,995 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Strategic Education by 655.8% in the 3rd quarter. Renaissance Technologies LLC now owns 946,321 shares of the health services provider’s stock valued at $129,674,000 after buying an additional 821,121 shares in the last quarter. Institutional investors own 97.97% of the company’s stock.
About Strategic Education
Strategic Education, Inc, through its subsidiaries, provides a range of post-secondary education and other academic programs in the United States. The company operates Strayer University and Capella University that provide undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, nursing, public administration, and criminal justice to working adult students through its 74 physical campuses primarily located in the Mid-Atlantic and Southern regions, as well as through online.
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