Strategic Education Inc Stock Price, News & Analysis

The Center for Social Dynamics (CSD) launched its new Dreams Come TRUE program, offering educational benefits to its 1,300 employees. This initiative includes tuition reimbursement of up to $5,250 per year for accredited programs, alongside 100% upfront funding for select degrees at Strayer University and Capella University. Starting July 1, 2022, eligible employees can access this benefit through the partnership with Workforce Edge. CSD aims to enhance professional development and support those serving the autism community.

Strategic Education (NASDAQ: STRA) reported its financial results for Q1 2022, highlighting a 10.8% revenue decline to $258.9 million year-over-year. Adjusted net income fell to $13.1 million, down from $37 million in Q1 2021. U.S. Higher Education segment enrollment dropped 12.6%, impacting revenue by 13.6%. However, the Education Technology Services segment saw a 16.4% revenue growth driven by increased subscriptions in Sophia Learning. Strategic Education declared a $0.60 cash dividend per share, aiming to reward shareholders.

Capella University has successfully reaffirmed the accreditation of its Master of Social Work (MSW) program through 2030 by the Council on Social Work Education (CSWE). This recognition extends the program’s initial accreditation awarded in 2018 for four years. Capella emphasizes the importance of its MSW graduates in enhancing community well-being and providing vital services. The program, delivered through GuidedPath learning, focuses on leadership, advanced practitioner skills, and technology in social services. The CSWE represents over 800 accredited social work programs in the U.S.

Strategic Education (NASDAQ: STRA) announced a partnership with Dollar General to enhance employee education through employer-paid degree programs at Strayer and Capella Universities. The initiative, facilitated by Workforce Edge, seeks to streamline access to affordable educational options and provide tuition assistance for full-time employees. Beginning April 4, 2022, employees and their families can also access Sophia Learning's online courses. This collaboration aims to attract and retain talent while offering professional development opportunities, enhancing Dollar General's competitive edge in the workforce.

Strategic Education, Inc. (NASDAQ: STRA) announced a conference call on April 28, 2022, at 10:00 a.m. ET, to discuss its first-quarter results. A news release will precede the call, providing detailed financial information. Investors can join the call by dialing (877) 303-9047 or via webcast on their website. Additionally, the company will hold its 2022 Annual Meeting of Stockholders on April 27, at 8:00 a.m. ET, with voting eligibility for stockholders recorded as of March 1, 2022.

Strategic Education, Inc. (NASDAQ: STRA) announced the publication of its 2021 Annual Report and Shareholder Letter, available on its website. The company is committed to enhancing economic mobility through higher education, primarily serving working adult students. It operates Strayer University and Capella University in the U.S., offering various accredited programs, as well as education technology services that build employer-employee education benefit programs. Additionally, it includes institutions in Australia and New Zealand that provide certificate and degree programs.

Strategic Education, Inc. (NASDAQ: STRA) reported Q4 and full-year 2021 financial results, indicating a revenue increase of 1.7% to $272.1 million in Q4, but adjusted revenue decreased 2.1% to $272.8 million. For the year, revenue rose 10.1% to $1.1317 billion. However, net income declined to $55.1 million from $86.3 million in 2020. The U.S. Higher Education segment experienced significant enrollment declines of 14.3% in Q4. A quarterly cash dividend of $0.60 per share was announced, payable on March 14, 2022.

Capella University has expanded its Fellows Program beyond the Twin Cities, increasing the number of nonprofit leaders receiving full-tuition scholarships from 7 to 21. This cohort, which includes participants from Atlanta, Philadelphia, Minneapolis/St. Paul, and Charlotte, aims to develop leadership skills to address community challenges. Since its launch in 2018, the program has supported 42 Fellows. University leaders emphasize the importance of building inclusive partnerships to enhance community impact.