Stride, Inc. (NYSE:LRN) to Post FY2024 Earnings of $4.52 Per Share, Barrington Research Forecasts

Stride, Inc. (NYSE:LRN) – Analysts at Barrington Research boosted their FY2024 EPS estimates for Stride in a report released on Wednesday, April 24th. Barrington Research analyst A. Paris now expects that the company will post earnings of $4.52 per share for the year, up from their previous estimate of $4.25. Barrington Research has a “Outperform” rating and a $75.00 price objective on the stock. The consensus estimate for Stride’s current full-year earnings is $4.31 per share. Barrington Research also issued estimates for Stride’s Q4 2024 earnings at $1.28 EPS and FY2025 earnings at $5.00 EPS.

Stride (NYSE:LRN) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.13. Stride had a net margin of 9.29% and a return on equity of 18.86%. The firm had revenue of $520.84 million for the quarter, compared to analysts’ expectations of $507.89 million. During the same period in the previous year, the company posted $1.30 EPS. The company’s quarterly revenue was up 10.7% compared to the same quarter last year.

Several other research firms have also recently weighed in on LRN. BMO Capital Markets lifted their price objective on shares of Stride from $72.00 to $73.00 and gave the stock an “outperform” rating in a research report on Thursday. Citigroup lifted their target price on shares of Stride from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, January 29th. StockNews.com lowered shares of Stride from a “buy” rating to a “hold” rating in a research note on Thursday. Morgan Stanley lifted their target price on shares of Stride from $60.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Finally, Wedbush reissued an “outperform” rating on shares of Stride in a research note on Wednesday, January 24th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $72.00.

Stride Trading Up 4.9 %

NYSE LRN opened at $66.35 on Thursday. Stride has a twelve month low of $35.61 and a twelve month high of $69.70. The company has a debt-to-equity ratio of 0.43, a quick ratio of 4.44 and a current ratio of 4.52. The stock has a market cap of $2.88 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 0.67 and a beta of 0.26. The firm’s 50 day moving average price is $60.32 and its two-hundred day moving average price is $58.29.

Institutional Investors Weigh In On Stride

Institutional investors and hedge funds have recently modified their holdings of the business. SummerHaven Investment Management LLC lifted its position in Stride by 0.9% during the 4th quarter. SummerHaven Investment Management LLC now owns 20,081 shares of the company’s stock worth $1,192,000 after acquiring an additional 182 shares during the last quarter. New York State Teachers Retirement System increased its holdings in shares of Stride by 0.9% during the 1st quarter. New York State Teachers Retirement System now owns 22,879 shares of the company’s stock worth $1,443,000 after purchasing an additional 200 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of Stride by 13.9% during the 4th quarter. Daiwa Securities Group Inc. now owns 1,760 shares of the company’s stock worth $104,000 after purchasing an additional 215 shares during the period. GAMMA Investing LLC increased its holdings in shares of Stride by 25.9% during the 1st quarter. GAMMA Investing LLC now owns 1,372 shares of the company’s stock worth $87,000 after purchasing an additional 282 shares during the period. Finally, Ronald Blue Trust Inc. increased its holdings in shares of Stride by 348.1% during the 3rd quarter. Ronald Blue Trust Inc. now owns 578 shares of the company’s stock worth $26,000 after purchasing an additional 449 shares during the period. Institutional investors and hedge funds own 98.24% of the company’s stock.

About Stride

Stride, Inc, a technology-based education service 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.