Tag Archives: Strayer Education

Business, Finance, Occupation & Industry

Strayer Education Earnings Are on Deck

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By Seth Jayson, The Motley Fool

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Strayer Education (NAS: STRA) is expected to report Q1 earnings on May 2. Here’s what Wall Street wants to see:

The 10-second takeaway
 Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Strayer Education‘s revenues will wane -6.7% and EPS will contract -30.1%.

The average estimate for revenue is $139.6 million. On the bottom line, the average EPS estimate is $1.46.

Revenue details
 Last quarter, Strayer Education reported revenue of $141.9 million. GAAP reported sales were 8.9% lower than the prior-year quarter’s $155.8 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 Last quarter, EPS came in at $1.47. GAAP EPS of $1.47 for Q4 were 36% lower than the prior-year quarter’s $2.31 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
 For the preceding quarter, gross margin was 45.3%, 820 basis points worse than the prior-year quarter. Operating margin was 20.2%, 890 basis points worse than the prior-year quarter. Net margin was 11.7%, 540 basis points worse than the prior-year quarter.

Looking ahead

The full year’s average estimate for revenue is $529.9 million. The average EPS estimate is $4.06.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 251 members out of 318 rating the stock outperform, and 67 members rating it underperform. Among 82 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 66 give Strayer Education a green thumbs-up, and 16 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Strayer Education is hold, with an average price target of $53.17.

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The article Strayer Education Earnings Are on Deck originally appeared on Fool.com.


Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Career Education Names Veteran Educator and Business Leader Scott Steffey as President & CEO

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By Business Wirevia The Motley Fool

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Career Education Names Veteran Educator and Business Leader Scott Steffey as President & CEO

Former Strayer Chief Operating Officer and SUNY Vice Chancellor also Nominated to CEC Board

SCHAUMBURG, Ill.–(BUSINESS WIRE)– Career Education Corporation (CEC) (NAS: CECO) , a global provider of postsecondary education programs and services, today named Scott Steffey – former Chief Operating Officer of Strayer Education, Inc., and Vice Chancellor of the State University of New York (SUNY) – as its President and Chief Executive Officer. Steffey, whose appointment is effective immediately, will also be nominated to stand for election to the Career Education Board of Directors at the upcoming Annual Meeting of Stockholders.

“Scott’s unique mix of education, business and investment experience match up well with the key drivers of our business,” said Steven H. Lesnik, Chairman of the Board of Career Education. “This is a great alignment of skills and experience. As we put our sector’s headwinds behind us, I am optimistic that Scott and our strong leadership team together will carry us through our transformation.”

Steffey’s career includes leadership roles spanning the education spectrum as well as senior posts at both publicly- and privately-held businesses. Most notably, he served as Executive Vice President & Chief Operating Officer (COO) of Strayer Education, Inc., and Chairman of the Board of Trustees of Strayer University. In his role as COO, Steffey was a hands-on force in driving operational excellence and efficiency, academic integrity and accountability, innovative online learning and prudent enrollment growth.

As Vice Chancellor of the SUNY – at the time the largest non-profit, unified system of postsecondary education in the United States – Steffey was the senior operating officer for much of his tenure at SUNY – comprised of 64 degree-granting campuses, with 400,000 students, several vocational centers, and 75,000 faculty and administrators. He helped lead a transformation of the SUNY system, resulting in greater academic quality and achievement at its campuses, significant enrollment growth, revenue growth, expense containment, and a large capital re-investment in its campus infrastructure.

Most recently, Steffey was Founder and President of Symposium Ventures, a private equity firm serving private sector and nonprofit education institutions.

While at SUNY, Steffey also founded the Charter Schools Institute, a nationally recognized incubator of K-12 schools dedicated to enhancing education opportunities for economically disadvantaged students. Steffey was previously an executive with New Mountain Capital, a private equity firm serving the private postsecondary industry, and at NYNEX (now …read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Strayer Education, Inc. Schedules First Quarter 2013 Earnings Release

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By Business Wirevia The Motley Fool

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Strayer Education, Inc. Schedules First Quarter 2013 Earnings Release

HERNDON, Va.–(BUSINESS WIRE)– Strayer Education, Inc. (NASDAQ: STRA) today announced that it will issue a press release outlining its financial results for the first quarter on Wednesday, May 1 at 4:00 p.m. (ET). On Thursday, May 2 at 8:00 a.m. (ET) the company will host its Annual Meeting of Shareholders and an Investor Day at the company’s corporate office located in Herndon, Va. The Investor Day, beginning at 8:30 a.m. (ET), will be accessible via live webcast and will provide opportunities for questions related to the first quarter financial results.

Additional information on Investor Day and webcast access is available via the company’s website at www.strayereducation.com.

Strayer Education, Inc. (NAS: STRA) is an education services holding company that owns Strayer University. Strayer’s mission is to make higher education achievable for working adults in today’s economy. Strayer University is a proprietary institution of higher learning that offers undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration, and criminal justice to working adult students at 100 campuses in 24 states and Washington, D.C. and worldwide via the Internet. Strayer University also offers an executive MBA online and corporate training programs through its Jack Welch Management Institute. The University is committed to providing an education that prepares working adult students for advancement in their careers and professional lives. Founded in 1892, Strayer University is accredited by the Middle States Commission on Higher Education.

For more information on Strayer Education, Inc. visit www.strayereducation.com and for Strayer University visit www.strayer.edu.

Forward-Looking Statements

This press release contains statements that are forward looking and are made pursuant to the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995 (the “Reform Act“). Such statements may be identified by the use of words such as “expect,” “estimate,” “assume,” “believe,” “anticipate,” “will,” “forecast,” “plan,” “project,” or similar words. The statements are based on the Company’s current expectations and are subject to a number of assumptions, uncertainties and risks. In connection with the safe-harbor provisions of the Reform Act, the Company has identified important factors that could cause the Company’s actual results to differ materially from those expressed in or implied by such statements. The assumptions, uncertainties and risks include the pace of …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Strayer Education, Inc. Hosts Investor Day May 1 – 2 in Herndon, Virginia

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By Business Wirevia The Motley Fool

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Strayer Education, Inc. Hosts Investor Day May 1 – 2 in Herndon, Virginia

Registration Open

HERNDON, Va.–(BUSINESS WIRE)– Strayer Education, Inc. (NAS: STRA) today announced that it will host an Investor Day May 1-2, 2013, in Herndon, Virginia. The program will include a campus tour and panel discussion dinner with Strayer University students, alumni, and a corporate alliance partner, on Wednesday, May 1. On Thursday, May 2, immediately following the company’s Annual Meeting of Shareholders, the company will host presentations by members of the senior management team. The presentations will also be accessible via live webcast. For additional information and to register for Strayer Education‘s 2013 Investor Day, please visit the company’s website at www.strayereducation.com.

About Strayer Education, Inc.

Strayer Education, Inc. (NAS: STRA) is an education services holding company that owns Strayer University. Strayer’s mission is to make higher education achievable for working adults in today’s economy. Strayer University is a proprietary institution of higher learning that offers undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration, and criminal justice to working adult students at 100 campuses in 24 states and Washington, D.C. and worldwide via the Internet. Strayer University also offers an executive MBA online through its Jack Welch Management Institute. Strayer University is committed to providing an education that prepares working adult students for advancement in their careers and professional lives. Founded in 1892, Strayer University is accredited by the Middle States Commission on Higher Education.

For more information on Strayer Education, Inc. visit www.strayereducation.com and for Strayer University visit www.strayer.edu.

Forward-Looking Statements

This press release contains statements that are forward-looking and are made pursuant to the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995 (the “Reform Act”). Such statements may be identified by the use of words such as “expect,” “estimate,” “assume,” “believe,” “anticipate,” “will,” “forecast,” “plan,” “project,” or similar words. The statements are based on the Company’s current expectations and are subject to a number of assumptions, uncertainties and risks. In connection with the safe-harbor …read more
Source: FULL ARTICLE at DailyFinance