- Strategic Education (NASDAQ:STRA +8.4%) reports Q3 revenue growth of 48.3% Y/Y to $160.95M.
- The adjusted operating income margin was 11.8% compared to 5.6% for the same period in 2017.
- Strayer University: Revenue +6.7% Y/Y to $114.5M; Student enrollment +9% Y/Y to 45,431; New student enrollment +11.9% Y/Y and continuing student enrollment +8.3% Y/Y.
- Capella University: Revenue was $43.8M; Student enrollment +1.6% Y/Y to 37,822; New student enrollment +13.2% Y/Y and continuing student enrollment -0.8% Y/Y.
- Cash, equivalents, and marketable securities was $347.8M with no debt.
- CFO was $14.6M, decrease was primarily due to cash payments of costs related to the merger with Capella Education Company.
- The Company had $70M of share repurchase authorization remaining but no shares were repurchased in Q3.
- Consolidated bad debt expense as a percentage of revenue was 6.1%.
- 2018 Outlook: Capex ~$25-26M.
- Previously: Strategic Education beats by $0.21, misses on revenue (Nov. 08 2018)
- Previously: Strategic Education declares $0.50 dividend (Nov. 08 2018)
Strategic Education +8.4% post Q3 results
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Symbol | Last Price | % Chg |
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STRA | - | - |
Strategic Education, Inc. |