Welcome to our dedicated page for Strategic Education news (Ticker: STRA), a resource for investors and traders seeking the latest updates and insights on Strategic Education stock.
Strategic Education, Inc. (NASDAQ: STRA) is an education services company focused on higher education and workforce development, with operations organized into U.S. Higher Education, Education Technology Services, and Australia/New Zealand segments. The news flow around STRA often highlights developments across this portfolio, including financial results, institutional initiatives, and partnerships with employers and education providers.
Investors and observers following STRA news can expect regular updates on quarterly earnings and operating performance, as reflected in company announcements of results for periods ended June 30 and September 30. These releases typically discuss segment revenue, income from operations, enrollment trends, and the performance of platforms such as Sophia Learning and Workforce Edge within the Education Technology Services segment.
Company news also covers partnerships that illustrate how Strategic Education’s platforms are used in real-world workforce and education settings. Examples include Sophia Learning collaborations with organizations such as a national gym chain and a regional health system’s school of nursing, where employees and students gain access to online, ACE-recommended general education courses that are designed to transfer for college credit. Announcements about Workforce Edge describe its role in administering expanded employee education programs for large employers through a centralized benefits management platform.
Additional news items may highlight initiatives such as Strategic Education, Inc. Signal Labs, which connects education and future-of-work startups with the company’s global portfolio to test and scale emerging technologies, as well as program-specific achievements within institutions like Strayer University and the Jack Welch Management Institute. For a comprehensive view of STRA-related developments, readers can use this news page to review earnings releases, partnership announcements, program recognitions, and other updates related to Strategic Education’s institutions and platforms.
Strategic Education reported its financial results for Q4 and full-year 2020. Revenue increased 1.4% to $267.5 million in Q4 and 3.1% to $1,027.7 million for the year. Adjusted revenue rose 5.7% to $278.8 million for Q4 and 4.2% to $1,038.9 million for the year. However, income from operations dropped significantly to $3.6 million in Q4 from $37.2 million in 2019, primarily due to various adjustments and expenses. The company declared a quarterly cash dividend of $0.60 per share, set to be paid on March 15, 2021.
Capella University has released a report titled "Unlocking the [Full] Potential of PLA," which recommends how institutions can effectively utilize prior learning assessment (PLA) to enhance student outcomes. The findings reveal that students earning PLA credits spend less on degrees, persist longer in programs, and accumulate credits faster. Despite these advantages, PLA remains underutilized. Capella emphasizes the importance of redesigning PLA in response to economic challenges, aiming to lower costs and completion times for adult learners.
Strategic Education, Inc. (NASDAQ: STRA) will host a webcast discussing its fourth quarter results on February 26, 2021, at 10:00 a.m. ET. A news release detailing these results will be issued before market open that day. Investors can join via the company's website or by dialing in at (877) 303-9047. Additionally, the company announced its 2021 Annual Meeting of Stockholders will occur via webcast on April 27, 2021, with record date set for March 1, 2021. Proxy materials will be filed with the SEC for eligible stockholders.
Capella University has announced the 2021 Capella Fellows Program, offering full-tuition scholarships for a master’s degree to selected community leaders in the Minneapolis-St. Paul area. The program aims to equip participants from various nonprofits with leadership skills to tackle social and economic inequalities. Starting in January, fellows will receive coaching and networking opportunities. The initiative is supported by local organizations and aims to strengthen community leadership, benefiting the Minneapolis region's future workforce.
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Strategic Education, Inc. (NASDAQ: STRA) has announced the launch of the Sur La Table Online Culinary Institute, in partnership with Marquee Brands and Rouxbe. This innovative program offers affordable, high-quality online culinary courses aimed at both cooking enthusiasts and aspiring career chefs. Initially, the program will feature six detailed courses with a total of 55 hours of instruction each, designed to provide flexible, self-paced learning. Recognized by the American Culinary Federation, this initiative aims to enhance culinary education access as the industry shifts towards online training.
Strategic Education, Inc. (NASDAQ: STRA) reported its Q3 2020 financial results, revealing a 1.1% decline in revenue to $239 million from $241.7 million in 2019. The company completed the acquisition of Laureate's Australia/New Zealand institutions, enhancing its global education footprint. Net income fell to $11 million, down from $16.7 million in the previous year, and diluted EPS decreased to $0.47. Despite these challenges, adjusted income from operations rose to $37.8 million. A quarterly cash dividend of $0.60 per share has been declared. The company also reported successful student enrollment trends at Capella University.
Strategic Education (NASDAQ: STRA) has announced a conference call to discuss its third quarter results on November 5, 2020, at 10:00 a.m. ET. The results will be released before the market opens on the same day. Investors can join the call by dialing (877) 303-9047 or via a webcast available on the company's Investor Relations page. Strategic Education offers various educational programs including Strayer University and Capella University, aimed at enhancing economic mobility through affordable education.