Perdoceo Education (NASDAQ:PRDO) Releases Earnings Results, Beats Estimates By $0.04 EPS

Perdoceo Education (NASDAQ:PRDO - Get Free Report) issued its earnings results on Thursday. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.04, Zacks reports. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. The business had revenue of $213.00 million for the quarter, compared to analyst estimates of $207.97 million. During the same period in the prior year, the firm earned $0.60 earnings per share. Perdoceo Education's revenue was up 26.6% on a year-over-year basis. Perdoceo Education updated its FY 2025 guidance to 2.400-2.560 EPS and its Q2 2025 guidance to 0.640-0.660 EPS.

Perdoceo Education Stock Performance

Shares of PRDO stock traded up $5.66 on Friday, hitting $30.83. 1,346,408 shares of the stock were exchanged, compared to its average volume of 470,788. Perdoceo Education has a one year low of $20.23 and a one year high of $30.96. The firm's 50 day moving average is $25.39 and its two-hundred day moving average is $25.95. The firm has a market capitalization of $2.02 billion, a PE ratio of 14.01, a P/E/G ratio of 0.75 and a beta of 0.87. The company has a current ratio of 4.84, a quick ratio of 5.45 and a debt-to-equity ratio of 0.01.

Perdoceo Education Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Sunday, June 1st will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.69%. The ex-dividend date is Friday, May 30th. Perdoceo Education's dividend payout ratio (DPR) is 23.64%.

Insider Activity

In other news, CFO Ashish R. Ghia sold 6,236 shares of the company's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $25.00, for a total transaction of $155,900.00. Following the sale, the chief financial officer now directly owns 252,130 shares in the company, valued at $6,303,250. This represents a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Todd S. Nelson sold 38,984 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $24.66, for a total transaction of $961,345.44. Following the completion of the transaction, the chief executive officer now owns 644,047 shares of the company's stock, valued at $15,882,199.02. This trade represents a 5.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 110,691 shares of company stock valued at $2,774,669 over the last quarter. Company insiders own 2.11% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on PRDO. Barrington Research increased their price target on Perdoceo Education from $35.00 to $38.00 and gave the stock an "outperform" rating in a report on Friday. StockNews.com raised shares of Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, February 11th.

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.

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