Perdoceo Education (NASDAQ:PRDO) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Perdoceo Education (NASDAQ:PRDO) issued its quarterly earnings data on Tuesday. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02, Zacks reports. Perdoceo Education had a return on equity of 17.13% and a net margin of 21.66%. The company had revenue of $176.43 million for the quarter, compared to the consensus estimate of $160.12 million. Perdoceo Education updated its FY 2025 guidance to 2.310-2.510 EPS and its Q1 2025 guidance to 0.640-0.670 EPS.

Perdoceo Education Stock Down 5.9 %

NASDAQ PRDO opened at $27.11 on Thursday. The stock’s 50-day simple moving average is $27.39 and its two-hundred day simple moving average is $24.72. Perdoceo Education has a twelve month low of $16.12 and a twelve month high of $29.84. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 0.81 and a beta of 1.07.

Perdoceo Education Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Saturday, March 1st will be given a $0.13 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.52 annualized dividend and a yield of 1.92%. Perdoceo Education’s dividend payout ratio (DPR) is presently 23.64%.

Analyst Ratings Changes

Several research firms have weighed in on PRDO. Barrington Research raised their price target on Perdoceo Education from $32.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday. StockNews.com raised shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 11th.

Insider Transactions at Perdoceo Education

In other Perdoceo Education news, CEO Todd S. Nelson sold 12,472 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $26.29, for a total value of $327,888.88. Following the completion of the sale, the chief executive officer now directly owns 615,697 shares of the company’s stock, valued at $16,186,674.13. The trade was a 1.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP John Robert Kline sold 12,148 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $25.79, for a total transaction of $313,296.92. Following the sale, the senior vice president now owns 130,405 shares of the company’s stock, valued at approximately $3,363,144.95. The trade was a 8.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.81% of the company’s stock.

Perdoceo Education Company Profile

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.