Stride (NYSE:LRN) Issues Earnings Results

Stride (NYSE:LRN) announced its quarterly earnings results on Tuesday. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.72, Briefing.com reports. The firm had revenue of $551.08 million during the quarter, compared to analysts’ expectations of $504.29 million. Stride had a net margin of 10.01% and a return on equity of 19.12%. The company’s revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 EPS. Stride updated its FY 2025 guidance to EPS and its Q2 2025 guidance to EPS.

Stride Trading Up 39.1 %

Shares of Stride stock opened at $89.72 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.95 and a current ratio of 5.10. Stride has a 52 week low of $43.90 and a 52 week high of $89.84. The stock has a 50 day moving average price of $79.30 and a two-hundred day moving average price of $72.66. The stock has a market capitalization of $3.88 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 0.74 and a beta of 0.26.

Analysts Set New Price Targets

LRN has been the subject of a number of recent research reports. Citigroup downgraded Stride from a “buy” rating to a “neutral” rating and increased their price objective for the company from $77.00 to $90.00 in a report on Tuesday, August 20th. Canaccord Genuity Group raised their target price on Stride from $94.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday. Canaccord Genuity Group assumed coverage on Stride in a report on Thursday, August 8th. They issued a “buy” rating and a $94.00 target price for the company. StockNews.com cut Stride from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Barrington Research lifted their price objective on shares of Stride from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Stride has an average rating of “Moderate Buy” and an average target price of $88.50.

Stride Company Profile

Stride, Inc, a technology-based education service company, engages in the provision of proprietary and third-party online curriculum, software systems, and educational services in the United States and internationally. Its technology-based products and services enable clients to attract, enroll, educate, track progress, support, and facilitate individualized learning for students.