Perdoceo Education (PRDO) Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Perdoceo Education in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" PRDO shares.
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1 brokerages have issued twelve-month target prices for Perdoceo Education's shares. Their PRDO share price forecasts range from $19.00 to $19.00. On average, they expect the company's stock price to reach $19.00 in the next year. This suggests a possible upside of 59.3% from the stock's current price.
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Perdoceo Education's stock was trading at $13.90 at the beginning of 2023. Since then, PRDO stock has decreased by 14.2% and is now trading at $11.93.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
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Perdoceo Education Co. (NASDAQ:PRDO) released its quarterly earnings results on Thursday, May, 4th. The company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.56 by $0.02. The firm had revenue of $195.60 million for the quarter, compared to analyst estimates of $189.36 million. Perdoceo Education had a trailing twelve-month return on equity of 16.28% and a net margin of 13.88%. The company's quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the business earned $0.50 EPS.

ETFs with the largest weight of Perdoceo Education (NASDAQ:PRDO) stock in their portfolio include Invesco DWA Consumer Staples Momentum ETF (PSL), Cambria Value and Momentum ETF (VAMO), ETC 6 Meridian Small Cap Equity ETF (SIXS), Conductor Global Equity Value ETF (CGV), Roundhill Acquirers Deep Value ETF (DEEP), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), First Trust Active Factor Small Cap ETF (AFSM) and Invesco S&P SmallCap Value with Momentum ETF (XSVM).

Perdoceo Education updated its FY 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share guidance of $0.51-$0.53 for the period, compared to the consensus EPS estimate of $0.45. 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 a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (16.41%), Dimensional Fund Advisors LP (7.08%), Renaissance Technologies LLC (6.23%), State Street Corp (3.89%), Frontier Capital Management Co. LLC (3.18%) and Private Management Group Inc. (2.00%). 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 $11.93.

Perdoceo Education (NASDAQ:PRDO) has a market capitalization of $805.28 million and generates $695.21 million in revenue each year. The company earns $95.87 million in net income (profit) each year or $1.42 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.