Strayer Education Tops Street Estimate On EPS, Misses On Revenues

Strayer Education, an education services provider, reported Q1 adjusted EPS of $1.06, flat with $1.06 in the same period a year ago and topping the estimate of $0.95 from analysts polled by CapIQ. Total revenues of $114.9 million were up from $111.2 million in the same period a year ago and fell short of the Street projection of $116.4 million.

Total enrollments for Q2 are anticipated to grow 6% to approximately 43,400 students from 41,029 students in the same period in 2016. Q2 revenue per student is expected to decrease between 1% and 2%. The company will pay a quarterly cash dividend of $0.25 per share, flat with the prior quarter. The dividend will be paid on June 19 to shareholders of record as of June 5.

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