What Happened:
Shares of higher education company Strategic Education (NASDAQ:)
jumped 15.4% in the afternoon session after the company reported first-quarter results, which blew past analysts’ EPS expectations. Its revenue and operating margin outperformed, driven by better-than-expected student enrollments across the globe and employer-affiliated enrollment in its education technology services segment.
Strategic Education also announced a quarterly dividend of $0.60 per share that will be paid on June 3, 2024 to shareholders as of May 24, 2024.
Zooming out, we think this was a great quarter that shareholders will appreciate.
Is now the time to buy Strategic Education? Find out by reading the original article on StockStory, it’s free.
What is the market telling us:
Strategic Education’s shares are not very volatile than the market average and over the last year have had only 4 moves greater than 5%. Moves this big are very rare for Strategic Education and that is indicating to us that this news had a significant impact on the market’s perception of the business.
Strategic Education is up 28% since the beginning of the year. Investors who bought $1,000 worth of Strategic Education’s shares 5 years ago would now be looking at an investment worth $836.36.