William Blair Research Analysts Lift Earnings Estimates for Stride, Inc. (NYSE:LRN)

Posted by on Oct 28th, 2023

Stride, Inc. (NYSE:LRN – Free Report) – Stock analysts at William Blair boosted their FY2024 earnings estimates for Stride in a research report issued on Wednesday, October 25th. William Blair analyst S. Sheldon now forecasts that the company will post earnings of $3.93 per share for the year, up from their prior forecast of $3.33. The consensus estimate for Stride’s current full-year earnings is $3.27 per share. William Blair also issued estimates for Stride’s FY2025 earnings at $4.19 EPS.

Stride (NYSE:LRN – Get Free Report) last released its quarterly earnings data on Tuesday, October 24th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.50. The firm had revenue of $480.18 million during the quarter, compared to the consensus estimate of $456.24 million. Stride had a net margin of 8.16% and a return on equity of 16.94%.

LRN has been the subject of several other research reports. Morgan Stanley boosted their price target on shares of Stride from $52.00 to $57.00 and gave the company an “equal weight” rating in a report on Wednesday. BMO Capital Markets boosted their price target on shares of Stride from $50.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday. StockNews.com started coverage on shares of Stride in a report on Thursday, October 5th. They set a “buy” rating for the company. Finally, Barrington Research boosted their price target on shares of Stride from $50.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday.

View Our Latest Research Report on LRN

Stride Stock Performance

Shares of LRN opened at $54.45 on Friday. Stride has a 1 year low of $30.66 and a 1 year high of $54.47. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 15.08, a price-to-earnings-growth ratio of 0.80 and a beta of 0.26. The company has a debt-to-equity ratio of 0.46, a quick ratio of 3.33 and a current ratio of 3.61. The firm has a fifty day moving average of $44.70 and a 200-day moving average of $41.26.

Institutional Investors Weigh In On Stride

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ronald Blue Trust Inc. raised its position in Stride by 348.1% in the third quarter. Ronald Blue Trust Inc. now owns 578 shares of the company’s stock worth $26,000 after acquiring an additional 449 shares in the last quarter. UBS Group AG bought a new stake in Stride in the second quarter worth about $30,000. Tower Research Capital LLC TRC raised its position in Stride by 51.7% in the first quarter. Tower Research Capital LLC TRC now owns 1,015 shares of the company’s stock worth $40,000 after acquiring an additional 346 shares in the last quarter. Quarry LP raised its position in Stride by 138.5% in the first quarter. Quarry LP now owns 1,052 shares of the company’s stock worth $41,000 after acquiring an additional 611 shares in the last quarter. Finally, Wolverine Asset Management LLC raised its position in Stride by 124.1% in the first quarter. Wolverine Asset Management LLC now owns 1,302 shares of the company’s stock worth $51,000 after acquiring an additional 6,700 shares in the last quarter. 98.24% of the stock is currently owned by institutional investors.

Insider Activity at Stride

In related news, CEO James Jeaho Rhyu sold 25,000 shares of Stride stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $50.56, for a total transaction of $1,264,000.00. Following the sale, the chief executive officer now directly owns 587,475 shares in the company, valued at $29,702,736. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.50% of the company’s stock.

Stride Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for Stride (NYSE:LRN)

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