Strayer Education (STRA) Posts Q3 EPS of $1.72, Tops by 2c; Guides Q410, FY10, FY11 EPS Below Street; Increases Quarterly Dividend 33%, Yields 3.2%; Authorizes $150M Buyback

October 28, 2010 7:02 AM EDT
Get Alerts STRA Hot Sheet
Price: $78.27 --0%

EPS Growth %: -27.5%

Financial Fact:
Net income: 2.88M

Today's EPS Names:
XYF, LEN, More
Trade Now! 
Join SI Premium – FREE
Strayer Education (Nasdaq: STRA) reports Q3 EPS of $1.72, 2 cents better than the analyst estimate of $1.70. Revenue for the quarter was $147.6 million, which compares to the estimate of $145.88 million.

Enrollment increased 12% to 60,711.

Sees Q410 EPS of $2.64 - $2.66, versus the $2.99 consensus.

Also sees FY10 EPS of $9.63 - $9.65, compared to the consensus of $9.93.

Sees FY11 revenue growth of 17% - 18% and an EPS of $11.30 - $11.50. Consensus sees an EPS of $12.06.

The Company also announced today that its Board of Directors is increasing the Company’s annual dividend by 33% to $4.00 per share from $3.00 per share. This annual dividend will be paid quarterly in the amount of $1.00 per share. Accordingly, the Company’s Board of Directors has declared that the Company will pay a dividend of $1.00 per share on December 10, 2010 to shareholders of record as of November 26, 2010. The ex-dividend date is November 24, 2010.

Yield on the dividend is 3.2%.

Their Board also authorized a stock buyback of $150 million over the next 14 months.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Dividends, Earnings, Guidance, Stock Buybacks

Related Entities

Dividend, Stock Buyback