Perdoceo Education (NASDAQ:PRDO) Announces Earnings Results

Perdoceo Education (NASDAQ:PRDO) released its quarterly earnings data on Tuesday. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.06, Zacks reports. Perdoceo Education had a return on equity of 15.88% and a net margin of 20.42%. The company had revenue of $169.83 million during the quarter, compared to the consensus estimate of $164.60 million. During the same quarter in the prior year, the firm posted $0.64 earnings per share. The firm’s revenue was down 5.6% compared to the same quarter last year.

Perdoceo Education Trading Up 14.3 %

NASDAQ:PRDO traded up $3.56 during trading hours on Wednesday, hitting $28.43. 450,452 shares of the company were exchanged, compared to its average volume of 463,228. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 14.31, a price-to-earnings-growth ratio of 0.76 and a beta of 1.04. Perdoceo Education has a one year low of $16.12 and a one year high of $29.47. The company has a fifty day simple moving average of $21.95 and a 200 day simple moving average of $22.29.

Insider Buying and Selling

In related news, insider Michele A. Peppers sold 6,476 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $21.00, for a total transaction of $135,996.00. Following the completion of the transaction, the insider now directly owns 61,952 shares of the company’s stock, valued at $1,300,992. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.81% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Barrington Research reiterated an “outperform” rating and set a $30.00 price target on shares of Perdoceo Education in a report on Friday, September 20th.

About Perdoceo Education

Perdoceo Education Corporation provides postsecondary education through online, campus-based, and blended learning programs in the United States. It operates in two segments, Colorado Technical University and The American InterContinental University System. The Colorado Technical University segment offers academic programs, such as business and management, nursing, healthcare management, computer science, engineering, information systems and technology, project management, cybersecurity, and criminal justice.