FY2024 Earnings Estimate for Stride, Inc. (NYSE:LRN) Issued By Barrington Research

Stride, Inc. (NYSE:LRN) – Barrington Research boosted their FY2024 earnings per share (EPS) estimates for Stride in a report issued on Wednesday, April 24th. Barrington Research analyst A. Paris now expects that the company will post earnings per share of $4.52 for the year, up from their prior estimate of $4.25. Barrington Research has a “Outperform” rating and a $75.00 price target on the stock. The consensus estimate for Stride’s current full-year earnings is $4.52 per share. Barrington Research also issued estimates for Stride’s Q4 2024 earnings at $1.28 EPS and FY2025 earnings at $5.00 EPS.

Other equities analysts have also issued research reports about the company. Wedbush reissued an “outperform” rating on shares of Stride in a research note on Wednesday, January 24th. Citigroup raised their price objective on shares of Stride from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, January 29th. BMO Capital Markets lifted their price objective on shares of Stride from $72.00 to $73.00 and gave the company an “outperform” rating in a report on Thursday. StockNews.com lowered shares of Stride from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Morgan Stanley raised their price target on shares of Stride from $60.00 to $65.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Stride currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.00.

Stride Price Performance

Shares of LRN opened at $67.08 on Thursday. The firm has a 50-day simple moving average of $60.45 and a two-hundred day simple moving average of $58.34. The stock has a market cap of $2.91 billion, a PE ratio of 15.73, a P/E/G ratio of 0.70 and a beta of 0.26. Stride has a 1-year low of $35.61 and a 1-year high of $69.70. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.29 and a quick ratio of 4.44.

Stride (NYSE:LRN) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.47 by $0.13. The firm had revenue of $520.84 million for the quarter, compared to analyst estimates of $507.89 million. Stride had a net margin of 9.29% and a return on equity of 18.29%. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.30 EPS.

Institutional Investors Weigh In On Stride

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. SummerHaven Investment Management LLC grew its holdings in shares of Stride by 0.9% during the fourth quarter. SummerHaven Investment Management LLC now owns 20,081 shares of the company’s stock worth $1,192,000 after buying an additional 182 shares in the last quarter. New York State Teachers Retirement System lifted its position in Stride by 0.9% during the first quarter. New York State Teachers Retirement System now owns 22,879 shares of the company’s stock worth $1,443,000 after buying an additional 200 shares during the period. Daiwa Securities Group Inc. boosted its stake in Stride by 13.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 1,760 shares of the company’s stock worth $104,000 after buying an additional 215 shares during the last quarter. GAMMA Investing LLC grew its holdings in Stride by 25.9% in the 1st quarter. GAMMA Investing LLC now owns 1,372 shares of the company’s stock valued at $87,000 after buying an additional 282 shares during the period. Finally, Ronald Blue Trust Inc. increased its stake in shares of Stride by 348.1% during the 3rd quarter. Ronald Blue Trust Inc. now owns 578 shares of the company’s stock valued at $26,000 after acquiring an additional 449 shares during the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Stride Company Profile

Stride, Inc, a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally.