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Strayer Education (STRA) at 52-Week High on Trump Victory
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Shares of Strayer Education Inc. (STRA - Free Report) reached a new 52-week high of $74.21 on Nov 23. The stock pulled back to end the trading session at $73.38. This post-secondary education provider, with a market cap of around $824.8 million, has seen its shares rise roughly 22% so far this year.
The U.S. presidential election had a positive impact on the school industry. Shares of for-profit education companies like Strayer Education, K12 Inc. (LRN - Free Report) , Graham Holdings Co. (GHC - Free Report) , DeVry Education Group Inc. (DV - Free Report) , Universal Technical Institute, Inc. (UTI - Free Report) and American Public Education, Inc. (APEI - Free Report) have rallied since the victory of Donald Trump.
Trump has assured his support for schools, confirming federal funding for schools or online companies like K12. He has also promised more relaxed laws for such companies.
Under Obama administration, the Education Department had strongly regulated for-profit schools and issued measures to receive federal funding. On Sep 6, ITT Technical Institute ceased operations and shut down campuses after being imposed several financial restrictions by the department.
Coming back to Strayer Education, this for-profit school provides post-secondary education services for working adults. It offers undergraduate and graduate degrees in fields like business administration, accounting, information technology, and health services administration.
The company offers weekend, evening and online courses which are well suited for the work-day schedules of adults. With improving market conditions, there is a growing demand for career-oriented programs, which groom students into a skilled workforce. These programs also help students opt for the career of their choice.
If we look at the company’s recently released third-quarter numbers, Strayer Education’s adjusted earnings beat the Zacks Consensus Estimate by 19%. Total enrollment increased year over year, driven by a consistent improvement in student enrollment and retention.
Moreover, the recent acquisition of New York Code and Design Academy is encouraging given the high demand for web and applications software development professionals.
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Strayer Education (STRA) at 52-Week High on Trump Victory
Shares of Strayer Education Inc. (STRA - Free Report) reached a new 52-week high of $74.21 on Nov 23. The stock pulled back to end the trading session at $73.38. This post-secondary education provider, with a market cap of around $824.8 million, has seen its shares rise roughly 22% so far this year.
STRAYER EDUC Price and Consensus
STRAYER EDUC Price and Consensus | STRAYER EDUC Quote
What’s Driving the Stock?
The U.S. presidential election had a positive impact on the school industry. Shares of for-profit education companies like Strayer Education, K12 Inc. (LRN - Free Report) , Graham Holdings Co. (GHC - Free Report) , DeVry Education Group Inc. (DV - Free Report) , Universal Technical Institute, Inc. (UTI - Free Report) and American Public Education, Inc. (APEI - Free Report) have rallied since the victory of Donald Trump.
Trump has assured his support for schools, confirming federal funding for schools or online companies like K12. He has also promised more relaxed laws for such companies.
Under Obama administration, the Education Department had strongly regulated for-profit schools and issued measures to receive federal funding. On Sep 6, ITT Technical Institute ceased operations and shut down campuses after being imposed several financial restrictions by the department.
Coming back to Strayer Education, this for-profit school provides post-secondary education services for working adults. It offers undergraduate and graduate degrees in fields like business administration, accounting, information technology, and health services administration.
The company offers weekend, evening and online courses which are well suited for the work-day schedules of adults. With improving market conditions, there is a growing demand for career-oriented programs, which groom students into a skilled workforce. These programs also help students opt for the career of their choice.
If we look at the company’s recently released third-quarter numbers, Strayer Education’s adjusted earnings beat the Zacks Consensus Estimate by 19%. Total enrollment increased year over year, driven by a consistent improvement in student enrollment and retention.
Moreover, the recent acquisition of New York Code and Design Academy is encouraging given the high demand for web and applications software development professionals.
Strayer Education carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>