Strategic Education, Inc. (STRA) To Go Ex-Dividend on December 2nd

Strategic Education, Inc. (NASDAQ:STRA) declared a quarterly dividend on Friday, November 29th,RTT News reports. Stockholders of record on Monday, December 2nd will be given a dividend of 0.60 per share by the health services provider on Monday, December 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Monday, December 2nd.

Strategic Education has a payout ratio of 42.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Strategic Education to earn $5.64 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 42.6%.

Strategic Education Price Performance

Strategic Education stock opened at $98.81 on Friday. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 18.82, a price-to-earnings-growth ratio of 1.39 and a beta of 0.57. The firm has a 50-day moving average of $91.74 and a two-hundred day moving average of $101.23. Strategic Education has a 1 year low of $85.11 and a 1 year high of $123.62.

Strategic Education (NASDAQ:STRA) last issued its quarterly earnings data on Thursday, November 7th. The health services provider reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.35. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The firm had revenue of $305.96 million for the quarter, compared to the consensus estimate of $301.62 million. During the same quarter in the previous year, the firm earned $0.97 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. Research analysts expect that Strategic Education will post 4.79 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on STRA. Barrington Research restated an “outperform” rating and issued a $135.00 price objective on shares of Strategic Education in a research note on Thursday, November 7th. Truist Financial dropped their price objective on shares of Strategic Education from $145.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Finally, StockNews.com cut shares of Strategic Education from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $126.00.

Strategic Education Company Profile

Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. The company operates through U.S. Higher Education, Australia/New Zealand, and Education Technology Services segments. It operates Strayer University that offers undergraduate and graduate degree programs in business, criminal justice, education, health services, information technology, and public administration at physical campuses located in the eastern United States, as well as through online; non-degree web and mobile application development courses through Hackbright Academy and Devmountain; and MBA online through its Jack Welch Management Institute.