Stride, Inc. (NYSE:LRN) to Post FY2022 Earnings of $2.50 Per Share, Barrington Research Forecasts

Stride, Inc. (NYSE:LRNGet Rating) – Barrington Research lifted their FY2022 earnings per share estimates for Stride in a report released on Wednesday, April 20th. Barrington Research analyst A. Paris. Jr now expects that the company will post earnings of $2.50 per share for the year, up from their previous estimate of $2.42. Barrington Research also issued estimates for Stride’s FY2023 earnings at $2.80 EPS.

Several other equities research analysts have also recently weighed in on LRN. StockNews.com raised shares of Stride from a “hold” rating to a “buy” rating in a research report on Friday. Zacks Investment Research raised shares of Stride from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Friday. Finally, Morgan Stanley raised their target price on shares of Stride from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Wednesday.

Shares of LRN opened at $36.85 on Thursday. The stock has a market capitalization of $1.58 billion, a P/E ratio of 22.07, a PEG ratio of 0.72 and a beta of 0.45. The company has a quick ratio of 3.33, a current ratio of 3.43 and a debt-to-equity ratio of 0.62. The firm has a fifty day simple moving average of $34.51 and a two-hundred day simple moving average of $34.03. Stride has a twelve month low of $25.55 and a twelve month high of $41.20.

Stride (NYSE:LRNGet Rating) last released its earnings results on Tuesday, April 19th. The company reported $1.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.18. The company had revenue of $421.72 million for the quarter, compared to analyst estimates of $410.73 million. Stride had a net margin of 4.40% and a return on equity of 9.25%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.57 EPS.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Davy Global Fund Management Ltd lifted its position in Stride by 2.9% during the 4th quarter. Davy Global Fund Management Ltd now owns 10,907 shares of the company’s stock valued at $364,000 after acquiring an additional 307 shares during the period. Rhumbline Advisers increased its stake in Stride by 0.6% during the 4th quarter. Rhumbline Advisers now owns 57,488 shares of the company’s stock valued at $1,916,000 after purchasing an additional 368 shares in the last quarter. California State Teachers Retirement System increased its stake in Stride by 0.7% during the 3rd quarter. California State Teachers Retirement System now owns 55,921 shares of the company’s stock valued at $2,010,000 after purchasing an additional 399 shares in the last quarter. Comerica Bank increased its stake in Stride by 1.5% during the 4th quarter. Comerica Bank now owns 26,635 shares of the company’s stock valued at $719,000 after purchasing an additional 400 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in Stride by 27.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 2,350 shares of the company’s stock valued at $78,000 after purchasing an additional 505 shares in the last quarter. 87.62% of the stock is owned by institutional investors.

About Stride (Get Rating)

Stride, Inc, a technology-based education 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. Its technology-based products and services enable clients to attract, enroll, educate, track progress, and support students.

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Earnings History and Estimates for Stride (NYSE:LRN)

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