Phoenix Education Partners, Inc. (NYSE:PXED) Shares to Pay Dividend of $2.36

Key Points

• Phoenix Education Partners declared a $2.36-per-share dividend. Shareholders of record November 23 are scheduled to receive payment December 4.
• Shares fell 2.1% to $19.11 in Friday trading. The company reported quarterly earnings of $1.07 per share, matching analyst estimates, on revenue of $260.68 million.
• Analyst sentiment is mixed, with a consensus Hold rating and a $31.67 average price target; recent actions included downgrades and reduced targets.

Phoenix Education Partners, Inc. (NYSE:PXED - Get Free Report) declared a dividend on Wednesday, November 11th. Stockholders of record on Monday, November 23rd will be given a dividend of $2.36 per share on Friday, December 4th. The ex-dividend date is Monday, November 23rd.

Phoenix Education Partners Trading Down 2.1%

Shares of PXED traded down $0.42 during mid-day trading on Friday, reaching $19.11. The company had a trading volume of 209,223 shares, compared to its average volume of 105,554. The firm has a fifty day simple moving average of $24.72 and a 200-day simple moving average of $28.46. The stock has a market cap of $700.99 million and a price-to-earnings ratio of 8.35. Phoenix Education Partners has a fifty-two week low of $18.75 and a fifty-two week high of $35.90. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.15.

Phoenix Education Partners (NYSE:PXED - Get Free Report) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $1.07 earnings per share for the quarter, hitting analysts' consensus estimates of $1.07. The business had revenue of $260.68 million for the quarter. Phoenix Education Partners had a net margin of 8.74% and a return on equity of 55.76%. On average, sell-side analysts anticipate that Phoenix Education Partners will post 3.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Jefferies Financial Group upgraded Phoenix Education Partners to a "strong-buy" rating in a report on Wednesday, September 23rd. BMO Capital Markets lowered their target price on Phoenix Education Partners from $36.00 to $33.00 and set an "outperform" rating for the company in a report on Monday, October 5th. Barrington Research downgraded shares of Phoenix Education Partners from an "outperform" rating to a "market perform" rating in a research note on Wednesday, November 4th. Truist Financial dropped their price objective on Phoenix Education Partners from $38.00 to $23.00 and set a "hold" rating on the stock in a research note on Wednesday, November 4th. Finally, Morgan Stanley lowered Phoenix Education Partners from an "overweight" rating to an "equal weight" rating and set a $28.00 target price for the company. in a research note on Wednesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $31.67.

Phoenix Education Partners Company Profile

Phoenix Education Partners, Inc. is a higher education company focused on serving working adults and other nontraditional students. Through the University of Phoenix, its principal operating institution, the company provides career-oriented undergraduate and graduate degree programs, professional certificates, and other educational offerings. The University of Phoenix primarily delivers instruction through online learning, with programs designed to offer flexible scheduling for students balancing education with employment and other responsibilities.

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