Perdoceo Education (PRDO) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Perdoceo Education in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PRDO shares.
View PRDO analyst ratings or view top-rated stocks.

1 brokers have issued 1 year target prices for Perdoceo Education's shares. Their PRDO share price forecasts range from $21.00 to $21.00. On average, they anticipate the company's stock price to reach $21.00 in the next twelve months. This suggests a possible upside of 21.0% from the stock's current price.
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Perdoceo Education's stock was trading at $13.90 on January 1st, 2023. Since then, PRDO shares have increased by 24.9% and is now trading at $17.36.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
View our PRDO earnings forecast.

Perdoceo Education Co. (NASDAQ:PRDO) posted its quarterly earnings results on Thursday, August, 3rd. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.09. The company earned $186.60 million during the quarter, compared to analysts' expectations of $179.40 million. Perdoceo Education had a trailing twelve-month return on equity of 17.41% and a net margin of 17.50%. Perdoceo Education's revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.42 earnings per share.

Perdoceo Education declared a quarterly dividend on Thursday, August 3rd. Stockholders of record on Friday, September 1st will be given a dividend of $0.11 per share on Friday, September 15th. This represents a $0.44 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Thursday, August 31st.
Read our dividend analysis for PRDO.

ETFs with the largest weight of Perdoceo Education (NASDAQ:PRDO) stock in their portfolio include Euclidean Fundamental Value ETF (ECML) and Roundhill Acquirers Deep Value ETF (DEEP).First Trust Active Factor Small Cap ETF (AFSM).

Perdoceo Education (NASDAQ:PRDO) pays an annual dividend of $0.44 per share and currently has a dividend yield of 2.64%. The dividend payout ratio is 23.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PRDO will have a dividend payout ratio of 22.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PRDO.

Perdoceo Education issued an update on its third quarter 2023 earnings guidance on Friday, August, 4th. The company provided EPS guidance of $0.48-$0.50 for the period, compared to the consensus EPS estimate of $0.41. The company issued revenue guidance of -.

Based on aggregate information from My MarketBeat watchlists, some companies that other Perdoceo Education investors own include Advanced Micro Devices (AMD), Alibaba Group (BABA), NVIDIA (NVDA), Extreme Networks (EXTR), Freeport-McMoRan (FCX), FireEye (FEYE), Gilead Sciences (GILD), OPKO Health (OPK), Alto Ingredients (PEIX) and VBI Vaccines (VBIV).

Perdoceo Education trades on the NASDAQ under the ticker symbol "PRDO."

Perdoceo Education's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (16.69%), Dimensional Fund Advisors LP (7.56%), Renaissance Technologies LLC (6.49%), State Street Corp (3.72%), Frontier Capital Management Co. LLC (3.22%) and Geode Capital Management LLC (2.27%). Insiders that own company stock include Andrew Hurst, Ashish R Ghia, David C Czeszewski, Elise Baskel, Jeffrey David Ayers, John Robert Kline, Leslie T Thornton, Michele A Peppers, Patrick W Gross, Rajesh Vashist, Thomas B Lally and Todd S Nelson.
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Shares of PRDO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PRDO stock can currently be purchased for approximately $17.36.

Perdoceo Education (NASDAQ:PRDO) has a market capitalization of $1.14 billion and generates $726.73 million in revenue each year. The company earns $95.87 million in net income (profit) each year or $1.85 on an earnings per share basis.

The company employs 4,500 workers across the globe.

Perdoceo Education's mailing address is 231 NORTH MARTINGALE ROAD, SCHAUMBURG IL, 60173. The official website for the company is www.perdoceoed.com. The company can be reached via phone at (847) 781-3600, via email at prdo@alpha-ir.com, or via fax at 847-781-3610.