Stride (NYSE:LRN) Issues Quarterly Earnings Results

Stride (NYSE:LRN) announced its quarterly earnings data on Tuesday. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.30, FiscalAI reports. The firm had revenue of $639.38 million during the quarter, compared to analysts’ expectations of $612.25 million. Stride had a return on equity of 23.49% and a net margin of 13.43%.

Stride Price Performance

Shares of LRN traded down $2.46 during trading hours on Tuesday, reaching $78.53. The stock had a trading volume of 1,391,049 shares, compared to its average volume of 923,868. Stride has a 12 month low of $60.61 and a 12 month high of $155.06. The stock has a market capitalization of $3.26 billion, a PE ratio of 10.91, a PEG ratio of 0.48 and a beta of 0.14. The company has a debt-to-equity ratio of 0.29, a quick ratio of 5.81 and a current ratio of 5.94. The company’s 50-day moving average is $82.10 and its two-hundred day moving average is $87.35.

Analyst Upgrades and Downgrades

LRN has been the topic of several analyst reports. BMO Capital Markets reduced their target price on Stride from $93.00 to $90.00 and set a “market perform” rating on the stock in a report on Monday, October 5th. William Blair downgraded Stride from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 30th. Finally, Weiss Ratings upgraded Stride from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $108.75.

About Stride

Stride, Inc is an education technology company that provides online and blended learning programs for K-12 students. The company partners with public school districts, charter schools and other education organizations to deliver digital curricula, instructional software, teaching support and student services. Its offerings are designed to support full-time virtual schools, supplemental courses and traditional schools incorporating online learning.

Stride also provides career-focused education through programs that combine academic instruction with career exploration, technical training and industry-aligned learning opportunities.