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

Strategic Education, Inc. (NASDAQ:STRA) announced a quarterly dividend on Thursday, April 25th, RTT News reports. Investors of record on Friday, May 24th will be given a dividend of 0.60 per share by the health services provider on Monday, June 3rd. This represents a $2.40 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Thursday, May 23rd.

Strategic Education has a payout ratio of 43.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Strategic Education to earn $5.54 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 43.3%.

Strategic Education Price Performance

NASDAQ STRA opened at $121.06 on Friday. Strategic Education has a one year low of $64.53 and a one year high of $121.29. The stock has a 50-day moving average of $101.89 and a 200 day moving average of $94.19. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 28.69, a PEG ratio of 1.40 and a beta of 0.50. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.57 and a current ratio of 1.49.

Strategic Education (NASDAQ:STRA) last released its quarterly earnings data on Thursday, April 25th. The health services provider reported $1.11 EPS for the quarter, topping the consensus estimate of $0.60 by $0.51. Strategic Education had a return on equity of 6.78% and a net margin of 8.70%. The company had revenue of $290.25 million during the quarter, compared to the consensus estimate of $274.02 million. On average, sell-side analysts forecast that Strategic Education will post 4.61 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Truist Financial lifted their price objective on Strategic Education from $125.00 to $145.00 and gave the stock a “buy” rating in a report on Friday. Barrington Research lifted their price objective on Strategic Education from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday. Bank of America raised their target price on Strategic Education from $104.00 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. TheStreet raised Strategic Education from a “c+” rating to a “b” rating in a research report on Thursday, February 29th. Finally, StockNews.com raised Strategic Education from a “hold” rating to a “buy” rating in a research report on Friday. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Strategic Education currently has an average rating of “Buy” and a consensus price target of $131.75.

Insiders Place Their Bets

In other Strategic Education news, CFO Daniel Wayne Jackson sold 3,713 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $95.95, for a total value of $356,262.35. Following the transaction, the chief financial officer now directly owns 71,770 shares of the company’s stock, valued at $6,886,331.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Raymond Karl Mcdonnell sold 12,820 shares of Strategic Education stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $95.99, for a total transaction of $1,230,591.80. Following the transaction, the chief executive officer now directly owns 161,359 shares of the company’s stock, valued at approximately $15,488,850.41. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Daniel Wayne Jackson sold 3,713 shares of Strategic Education stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $95.95, for a total value of $356,262.35. Following the transaction, the chief financial officer now directly owns 71,770 shares in the company, valued at $6,886,331.50. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

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.