Strayer Education, Inc. (STRA) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Strayer Education, Inc. (NASDAQ:STRA) from a buy rating to a hold rating in a report issued on Friday morning.

According to Zacks, “Strayer Education’s convenient, accessible and flexible educational programs are specifically designed to meet the educational needs of working adults. The company’s programs are flexible enough to allow students to attend classes and complete coursework as convenient for them. Strayer University is reducing the cost of its programs in order to increase their affordability for students. Moreover, the acquisition of New York Code and Design Academy is encouraging. Middle State’s reaffirmation of the university’s regional accreditation is an added advantage. Also, Strayer Education’s shares outperformed the industry in the last one year.”

A number of other equities analysts also recently weighed in on the stock. BidaskClub downgraded shares of Strayer Education from a buy rating to a hold rating in a research note on Thursday, August 3rd. Piper Jaffray Companies reaffirmed a hold rating and set a $87.00 price target on shares of Strayer Education in a research note on Friday, July 28th. Finally, BMO Capital Markets reaffirmed a buy rating and set a $100.00 price target on shares of Strayer Education in a research note on Thursday, July 20th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Strayer Education currently has an average rating of Hold and a consensus target price of $94.00.

Shares of Strayer Education (NASDAQ STRA) opened at 86.44 on Friday. The stock’s 50 day moving average is $82.47 and its 200 day moving average is $85.51. Strayer Education has a 52-week low of $44.63 and a 52-week high of $95.74. The stock has a market cap of $924.99 million, a price-to-earnings ratio of 26.85 and a beta of 0.95.

Strayer Education (NASDAQ:STRA) last announced its quarterly earnings data on Wednesday, July 26th. The health services provider reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.05. The business had revenue of $112.70 million for the quarter, compared to the consensus estimate of $113.68 million. Strayer Education had a net margin of 7.90% and a return on equity of 17.65%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.72 earnings per share. On average, equities analysts expect that Strayer Education will post $3.33 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Strayer Education, Inc. (STRA) Downgraded by Zacks Investment Research” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/10/strayer-education-inc-stra-downgraded-by-zacks-investment-research.html.

The business also recently declared a quarterly dividend, which was paid on Monday, September 18th. Shareholders of record on Tuesday, September 5th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Friday, September 1st. Strayer Education’s dividend payout ratio is currently 31.15%.

A number of large investors have recently bought and sold shares of STRA. BlackRock Inc. raised its stake in Strayer Education by 64,392.9% during the first quarter. BlackRock Inc. now owns 1,298,888 shares of the health services provider’s stock worth $104,548,000 after purchasing an additional 1,296,874 shares during the period. FMR LLC raised its stake in Strayer Education by 189.6% during the first quarter. FMR LLC now owns 510,907 shares of the health services provider’s stock worth $41,123,000 after purchasing an additional 334,472 shares during the period. TimesSquare Capital Management LLC purchased a new position in Strayer Education during the second quarter worth approximately $21,483,000. Rice Hall James & Associates LLC raised its stake in Strayer Education by 59.2% during the second quarter. Rice Hall James & Associates LLC now owns 118,484 shares of the health services provider’s stock worth $11,045,000 after purchasing an additional 44,073 shares during the period. Finally, Vanguard Group Inc. raised its stake in Strayer Education by 3.2% during the second quarter. Vanguard Group Inc. now owns 1,143,120 shares of the health services provider’s stock worth $106,562,000 after purchasing an additional 35,328 shares during the period. 93.04% of the stock is currently owned by institutional investors.

Strayer Education Company Profile

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 a

According to Zacks, “Strayer Education’s convenient, accessible and flexible educational programs are specifically designed to meet the educational needs of working adults. The company’s programs are flexible enough to allow students to attend classes and complete coursework as convenient for them. Strayer University is reducing the cost of its programs in order to increase their affordability for students. Moreover, the acquisition of New York Code and Design Academy is encouraging. Middle State’s reaffirmation of the university’s regional accreditation is an added advantage. Also, Strayer Education’s shares outperformed the industry in the last one year.”

A number of other equities analysts also recently weighed in on the stock. BidaskClub downgraded shares of Strayer Education from a buy rating to a hold rating in a research note on Thursday, August 3rd. Piper Jaffray Companies reaffirmed a hold rating and set a $87.00 price target on shares of Strayer Education in a research note on Friday, July 28th. Finally, BMO Capital Markets reaffirmed a buy rating and set a $100.00 price target on shares of Strayer Education in a research note on Thursday, July 20th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Strayer Education currently has an average rating of Hold and a consensus target price of $94.00.

Shares of Strayer Education (NASDAQ STRA) opened at 86.44 on Friday. The stock’s 50 day moving average is $82.47 and its 200 day moving average is $85.51. Strayer Education has a 52-week low of $44.63 and a 52-week high of $95.74. The stock has a market cap of $924.99 million, a price-to-earnings ratio of 26.85 and a beta of 0.95.

Strayer Education (NASDAQ:STRA) last announced its quarterly earnings data on Wednesday, July 26th. The health services provider reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.05. The business had revenue of $112.70 million for the quarter, compared to the consensus estimate of $113.68 million. Strayer Education had a net margin of 7.90% and a return on equity of 17.65%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.72 earnings per share. On average, equities analysts expect that Strayer Education will post $3.33 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Strayer Education, Inc. (STRA) Downgraded by Zacks Investment Research” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/10/strayer-education-inc-stra-downgraded-by-zacks-investment-research.html.

The business also recently declared a quarterly dividend, which was paid on Monday, September 18th. Shareholders of record on Tuesday, September 5th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Friday, September 1st. Strayer Education’s dividend payout ratio is currently 31.15%.

A number of large investors have recently bought and sold shares of STRA. BlackRock Inc. raised its stake in Strayer Education by 64,392.9% during the first quarter. BlackRock Inc. now owns 1,298,888 shares of the health services provider’s stock worth $104,548,000 after purchasing an additional 1,296,874 shares during the period. FMR LLC raised its stake in Strayer Education by 189.6% during the first quarter. FMR LLC now owns 510,907 shares of the health services provider’s stock worth $41,123,000 after purchasing an additional 334,472 shares during the period. TimesSquare Capital Management LLC purchased a new position in Strayer Education during the second quarter worth approximately $21,483,000. Rice Hall James & Associates LLC raised its stake in Strayer Education by 59.2% during the second quarter. Rice Hall James & Associates LLC now owns 118,484 shares of the health services provider’s stock worth $11,045,000 after purchasing an additional 44,073 shares during the period. Finally, Vanguard Group Inc. raised its stake in Strayer Education by 3.2% during the second quarter. Vanguard Group Inc. now owns 1,143,120 shares of the health services provider’s stock worth $106,562,000 after purchasing an additional 35,328 shares during the period. 93.04% of the stock is currently owned by institutional investors.

Strayer Education Company Profile

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.

Get a free copy of the Zacks research report on Strayer Education (STRA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Strayer Education Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Strayer Education Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply