Perdoceo Education (NASDAQ:PRDO - Get Free Report) will be releasing its earnings data after the market closes on Wednesday, May 1st. Analysts expect Perdoceo Education to post earnings of $0.53 per share for the quarter. Perdoceo Education has set its FY 2024 guidance at 2.040-2.260 EPS and its Q1 2024 guidance at 0.530-0.550 EPS.Investors that wish to listen to the company's conference call can do so using this link.
Perdoceo Education (NASDAQ:PRDO - Get Free Report) last announced its earnings results on Wednesday, February 21st. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.04. Perdoceo Education had a net margin of 20.80% and a return on equity of 17.63%. The firm had revenue of $147.30 million for the quarter, compared to analyst estimates of $146.20 million. During the same quarter in the prior year, the business posted $0.31 EPS. The business's revenue was down 16.4% compared to the same quarter last year. On average, analysts expect Perdoceo Education to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Perdoceo Education Stock Performance
Shares of NASDAQ PRDO traded up $0.58 during midday trading on Wednesday, reaching $18.42. The company's stock had a trading volume of 641,513 shares, compared to its average volume of 505,671. The company has a market cap of $1.21 billion, a P/E ratio of 8.45, a P/E/G ratio of 0.55 and a beta of 0.96. Perdoceo Education has a fifty-two week low of $11.50 and a fifty-two week high of $19.62. The business's 50 day moving average price is $17.51 and its two-hundred day moving average price is $17.62.
Perdoceo Education Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.11 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.44 annualized dividend and a yield of 2.39%. Perdoceo Education's dividend payout ratio is presently 20.18%.
Analysts Set New Price Targets
Several analysts recently weighed in on PRDO shares. StockNews.com raised Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, March 19th. Barrington Research restated an "outperform" rating and issued a $23.00 price target on shares of Perdoceo Education in a research note on Monday, April 15th.
Read Our Latest Analysis on PRDO
Insider Transactions at Perdoceo Education
In related news, CEO Todd S. Nelson sold 9,500 shares of Perdoceo Education stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $18.50, for a total value of $175,750.00. Following the completion of the sale, the chief executive officer now owns 685,098 shares of the company's stock, valued at approximately $12,674,313. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Perdoceo Education news, CEO Todd S. Nelson sold 16,000 shares of the firm's stock in a transaction on Monday, January 29th. The stock was sold at an average price of $18.50, for a total transaction of $296,000.00. Following the transaction, the chief executive officer now directly owns 685,098 shares in the company, valued at approximately $12,674,313. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Todd S. Nelson sold 9,500 shares of the firm's stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $18.50, for a total value of $175,750.00. Following the transaction, the chief executive officer now owns 685,098 shares in the company, valued at $12,674,313. The disclosure for this sale can be found here. Insiders sold a total of 105,500 shares of company stock valued at $1,893,350 in the last quarter. 1.81% of the stock is currently owned by company insiders.
Perdoceo Education Company Profile
(
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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.
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