Strayer Education Inc (STRA) Releases Earnings Results, Beats Expectations By $0.06 EPS

Strayer Education Inc (STRA) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $1.06 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $1.00. The company posted revenue of $111.20 million in the period, compared to analysts expectations of $111.26 million. The company’s revenue was down -.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 EPS.

Strayer Education Inc opened for trading at $50.16 and hit $50.69 on the upside on Monday, eventually ending the session at $49.93, with a gain of 0.58% or 0.29 points. The heightened volatility saw the trading volume jump to 74,633 shares. Company has a market cap of $551 M.

In a different news, on Jul 31, 2015, Robert R Grusky (director) sold 1,500 shares at $55.37 per share price.

Strayer Education Inc. is an education services holding company that provides post-secondary education services. The Company offers a range of academic programs through its subsidiary Strayer University Inc. (the University). The University offers undergraduate and graduate degree programs in business administration accounting information technology education health services administration public administration and criminal justice at approximately 80 physical campuses located in the Mid-Atlantic and Southern regions of the United States and online. The University also offers an executive Master of Business Administration online through its Jack Welch Management Institute. The University’s students can take classes online using either a synchronous (real time) or asynchronous (on demand) format. Its subsidiary New York Code and Design Academy is a provider of non-degree Website and mobile application development courses.

Strayer Education Inc

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