Q3 2017 EPS Estimates for Strayer Education, Inc. (STRA) Raised by Analyst

Strayer Education, Inc. (NASDAQ:STRA) – Analysts at First Analysis lifted their Q3 2017 earnings estimates for shares of Strayer Education in a research report issued on Wednesday. First Analysis analyst C. Greendale now expects that the health services provider will post earnings of $0.45 per share for the quarter, up from their prior forecast of $0.44. First Analysis has a “Equal Weight” rating and a $95.00 price objective on the stock. First Analysis also issued estimates for Strayer Education’s Q4 2017 earnings at $1.24 EPS, FY2017 earnings at $3.37 EPS and FY2018 earnings at $3.72 EPS.

A number of other equities research analysts have also recently issued reports on STRA. BMO Capital Markets reiterated a “buy” rating and issued a $100.00 price objective on shares of Strayer Education in a report on Thursday, May 4th. Zacks Investment Research cut shares of Strayer Education from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. Piper Jaffray Companies restated a “hold” rating on shares of Strayer Education in a report on Friday, July 21st. Finally, BidaskClub cut shares of Strayer Education from a “strong-buy” rating to a “buy” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Strayer Education currently has a consensus rating of “Hold” and an average target price of $83.75.

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Shares of Strayer Education (NASDAQ:STRA) opened at 79.03 on Friday. The stock has a market capitalization of $845.70 million, a price-to-earnings ratio of 24.55 and a beta of 0.92. Strayer Education has a 12 month low of $44.58 and a 12 month high of $95.74. The stock’s 50 day moving average price is $91.36 and its 200-day moving average price is $84.83.

Strayer Education (NASDAQ:STRA) last announced its earnings results on Wednesday, July 26th. The health services provider reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ 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 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 company earned $0.72 earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year.

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Strayer Education by 64,392.9% in the first quarter. BlackRock Inc. now owns 1,298,888 shares of the health services provider’s stock worth $104,548,000 after buying an additional 1,296,874 shares during the period. FMR LLC boosted its stake in Strayer Education by 189.6% in the first quarter. FMR LLC now owns 510,907 shares of the health services provider’s stock worth $41,123,000 after buying an additional 334,472 shares during the period. Dimensional Fund Advisors LP boosted its stake in Strayer Education by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 438,822 shares of the health services provider’s stock worth $35,321,000 after buying an additional 3,762 shares during the period. State Street Corp boosted its stake in Strayer Education by 7.1% in the first quarter. State Street Corp now owns 245,824 shares of the health services provider’s stock worth $19,778,000 after buying an additional 16,351 shares during the period. Finally, Norges Bank purchased a new stake in Strayer Education during the fourth quarter worth about $14,289,000. Institutional investors own 92.44% of the company’s stock.

In other Strayer Education news, CEO Raymond Karl Mcdonnell sold 43,659 shares of the company’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $90.93, for a total transaction of $3,969,912.87. Following the completion of the sale, the chief executive officer now directly owns 193,764 shares in the company, valued at $17,618,960.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.70% of the stock is owned by corporate insiders.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Tuesday, September 5th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Friday, September 1st. Strayer Education’s dividend payout ratio (DPR) is 31.15%.

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.