Stride, Inc. (NYSE:LRN – Free Report) – Equities researchers at William Blair increased their FY2024 earnings per share estimates for shares of Stride in a note issued to investors on Wednesday, April 24th. William Blair analyst S. Sheldon now expects that the company will post earnings of $4.60 per share for the year, up from their previous forecast of $4.25. The consensus estimate for Stride’s current full-year earnings is $4.31 per share. William Blair also issued estimates for Stride’s Q4 2024 earnings at $1.34 EPS, Q1 2025 earnings at $0.23 EPS, Q2 2025 earnings at $1.67 EPS, Q3 2025 earnings at $1.73 EPS and Q4 2025 earnings at $1.41 EPS.
Stride (NYSE:LRN – Get Free Report) last announced its earnings results on Tuesday, April 23rd. The company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.13. Stride had a return on equity of 18.86% and a net margin of 9.29%. The firm had revenue of $520.84 million for the quarter, compared to the consensus estimate of $507.89 million. During the same period in the previous year, the business earned $1.30 EPS. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis.
Check Out Our Latest Analysis on Stride
Stride Stock Performance
Shares of LRN opened at $63.20 on Thursday. The stock has a 50-day moving average of $60.26 and a two-hundred day moving average of $58.25. Stride has a one year low of $35.61 and a one year high of $69.70. The company has a debt-to-equity ratio of 0.43, a quick ratio of 4.44 and a current ratio of 4.52. The stock has a market cap of $2.74 billion, a P/E ratio of 14.84, a P/E/G ratio of 0.67 and a beta of 0.26.
Hedge Funds Weigh In On Stride
A number of large investors have recently bought and sold shares of LRN. SG Capital Management LLC raised its holdings in Stride by 348.7% in the 3rd quarter. SG Capital Management LLC now owns 563,218 shares of the company’s stock worth $25,362,000 after purchasing an additional 437,685 shares during the period. Norges Bank acquired a new position in Stride in the 4th quarter worth about $25,594,000. Cooper Creek Partners Management LLC raised its holdings in Stride by 89.1% in the 3rd quarter. Cooper Creek Partners Management LLC now owns 472,934 shares of the company’s stock worth $21,296,000 after purchasing an additional 222,866 shares during the period. Russell Investments Group Ltd. raised its holdings in Stride by 147.8% in the 4th quarter. Russell Investments Group Ltd. now owns 312,044 shares of the company’s stock worth $18,526,000 after purchasing an additional 186,099 shares during the period. Finally, Wellington Management Group LLP raised its holdings in Stride by 48.3% in the 3rd quarter. Wellington Management Group LLP now owns 325,831 shares of the company’s stock worth $14,672,000 after purchasing an additional 106,091 shares during the period. Institutional investors and hedge funds own 98.24% of the company’s stock.
About Stride
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.
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