Strategic Education, Inc. (NASDAQ:STRA) Plans Quarterly Dividend of $0.60

Strategic Education, Inc. (NASDAQ:STRA) declared a quarterly dividend on Friday, November 29th,RTT News reports. Shareholders 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 yield of 2.43%. The ex-dividend date is Monday, December 2nd.

Strategic Education has a payout ratio of 42.7% meaning its dividend is sufficiently covered by earnings. Research 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 Stock Down 0.8 %

Shares of STRA opened at $98.81 on Friday. Strategic Education has a fifty-two week low of $85.11 and a fifty-two week high of $123.62. The company has a market cap of $2.43 billion, a P/E ratio of 18.82, a PEG ratio of 1.39 and a beta of 0.57. The firm’s 50 day moving average price is $91.74 and its 200 day moving average price is $101.23.

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

Wall Street Analyst Weigh In

Several research firms have issued reports on STRA. StockNews.com downgraded shares of Strategic Education from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th. Barrington Research reiterated an “outperform” rating and issued a $135.00 target price on shares of Strategic Education in a research note on Thursday, November 7th. Finally, Truist Financial cut their price objective on shares of Strategic Education from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. One investment 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 an average 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.