Wall Street brokerages predict that Strayer Education Inc (NASDAQ:STRA) will post $1.07 earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Strayer Education’s earnings. Strayer Education posted earnings of $0.95 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.6%. The business is scheduled to issue its next earnings report on Wednesday, May 2nd.
According to Zacks, analysts expect that Strayer Education will report full-year earnings of $4.03 per share for the current financial year. For the next year, analysts forecast that the firm will post earnings of $4.70 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow Strayer Education.
Strayer Education (NASDAQ:STRA) last posted its quarterly earnings data on Thursday, March 1st. The health services provider reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.20). Strayer Education had a return on equity of 9.22% and a net margin of 4.11%. The company had revenue of $118.70 million for the quarter, compared to analysts’ expectations of $121.50 million. During the same period in the prior year, the company posted $1.07 EPS. The firm’s revenue was down .4% compared to the same quarter last year.
In related news, CFO Daniel Wayne Jackson sold 19,097 shares of the stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $93.39, for a total value of $1,783,468.83. Following the transaction, the chief financial officer now owns 58,015 shares of the company’s stock, valued at $5,418,020.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Thomas J. Aprahamian sold 2,964 shares of the stock in a transaction on Monday, March 5th. The shares were sold at an average price of $91.11, for a total value of $270,050.04. Following the completion of the transaction, the chief accounting officer now directly owns 13,980 shares in the company, valued at approximately $1,273,717.80. The disclosure for this sale can be found here. Insiders sold 30,804 shares of company stock worth $2,851,230 in the last three months. 6.70% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STRA. State Street Corp boosted its stake in Strayer Education by 4.3% in the second quarter. State Street Corp now owns 256,274 shares of the health services provider’s stock valued at $23,892,000 after acquiring an additional 10,450 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in Strayer Education in the third quarter valued at $203,000. Prudential Financial Inc. boosted its stake in Strayer Education by 6.2% in the third quarter. Prudential Financial Inc. now owns 19,135 shares of the health services provider’s stock valued at $1,670,000 after acquiring an additional 1,120 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Strayer Education by 24.5% in the third quarter. BNP Paribas Arbitrage SA now owns 6,760 shares of the health services provider’s stock valued at $590,000 after acquiring an additional 1,331 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its stake in Strayer Education by 27.7% in the third quarter. New York State Common Retirement Fund now owns 22,936 shares of the health services provider’s stock valued at $2,002,000 after acquiring an additional 4,982 shares in the last quarter. Institutional investors own 98.15% of the company’s stock.
Shares of Strayer Education (NASDAQ:STRA) opened at $101.53 on Tuesday. Strayer Education has a 12-month low of $75.84 and a 12-month high of $102.26. The firm has a market capitalization of $1,140.00, a price-to-earnings ratio of 35.25 and a beta of 0.92.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 19th. Investors of record on Monday, March 12th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.98%. The ex-dividend date is Friday, March 9th. Strayer Education’s dividend payout ratio (DPR) is presently 34.72%.
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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.
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