Perdoceo Education (NASDAQ:PRDO - Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 2.110-2.270 for the period, compared to the consensus estimate of 2.120. The company issued revenue guidance of -. Perdoceo Education also updated its FY24 guidance to $2.11-2.27 EPS.
Analyst Upgrades and Downgrades
Several research firms recently commented on PRDO. StockNews.com cut Perdoceo Education from a strong-buy rating to a buy rating in a report on Thursday, April 25th. Barrington Research restated an outperform rating and set a $23.00 price target on shares of Perdoceo Education in a research report on Monday, April 15th.
Read Our Latest Research Report on Perdoceo Education
Perdoceo Education Stock Up 0.2 %
Perdoceo Education stock traded up $0.04 during midday trading on Wednesday, reaching $18.34. The company's stock had a trading volume of 438,600 shares, compared to its average volume of 507,305. The business has a 50-day simple moving average of $17.62 and a 200-day simple moving average of $17.65. Perdoceo Education has a fifty-two week low of $11.50 and a fifty-two week high of $19.62. The company has a market cap of $1.20 billion, a P/E ratio of 8.41, a P/E/G ratio of 0.59 and a beta of 0.96.
Perdoceo Education (NASDAQ:PRDO - Get Free Report) last released its quarterly 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 return on equity of 17.63% and a net margin of 20.80%. The firm had revenue of $147.30 million for the quarter, compared to analyst estimates of $146.20 million. During the same quarter last year, the company posted $0.31 earnings per share. The business's revenue was down 16.4% on a year-over-year basis. As a group, equities analysts forecast that Perdoceo Education will post 2.12 earnings per share for the current year.
Perdoceo Education Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend was Thursday, February 29th. Perdoceo Education's dividend payout ratio is currently 20.18%.
Insider Activity at Perdoceo Education
In related news, CFO Ashish R. Ghia sold 11,412 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $19.00, for a total value of $216,828.00. Following the transaction, the chief financial officer now directly owns 226,234 shares of the company's stock, valued at approximately $4,298,446. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Ashish R. Ghia sold 11,412 shares of the firm's stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $19.00, for a total transaction of $216,828.00. Following the completion of the sale, the chief financial officer now directly owns 226,234 shares in the company, valued at $4,298,446. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Todd S. Nelson sold 16,000 shares of Perdoceo Education stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $17.70, for a total value of $283,200.00. Following the completion of the transaction, the chief executive officer now owns 617,367 shares of the company's stock, valued at $10,927,395.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 84,912 shares of company stock valued at $1,518,178. 1.81% of the stock is owned by corporate insiders.
About Perdoceo Education
(
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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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