Perdoceo Education (NASDAQ:PRDO) Announces Quarterly Earnings Results

Perdoceo Education (NASDAQ:PRDO) announced its quarterly earnings data on Tuesday. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02, Zacks reports. The firm had revenue of $176.43 million during the quarter, compared to the consensus estimate of $160.12 million. Perdoceo Education had a return on equity of 17.13% and a net margin of 21.66%. Perdoceo Education updated its FY 2025 guidance to 2.310-2.510 EPS and its Q1 2025 guidance to 0.640-0.670 EPS.

Perdoceo Education Stock Performance

Shares of Perdoceo Education stock opened at $27.11 on Thursday. The stock has a market capitalization of $1.78 billion, a P/E ratio of 12.32, a P/E/G ratio of 0.81 and a beta of 1.07. Perdoceo Education has a 52-week low of $16.12 and a 52-week high of $29.84. The stock’s 50-day simple moving average is $27.39 and its 200 day simple moving average is $24.72.

Perdoceo Education Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Saturday, March 1st will be given a dividend of $0.13 per share. The ex-dividend date is Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.92%. Perdoceo Education’s dividend payout ratio is presently 23.64%.

Analysts Set New Price Targets

PRDO has been the subject of several research reports. Barrington Research increased their price target on shares of Perdoceo Education from $32.00 to $35.00 and gave the company an “outperform” rating in a research report on Wednesday. StockNews.com raised shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 11th.

Insiders Place Their Bets

In related news, CEO Todd S. Nelson sold 12,472 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $26.29, for a total transaction of $327,888.88. Following the sale, the chief executive officer now directly owns 615,697 shares in the company, valued at approximately $16,186,674.13. The trade was a 1.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP John Robert Kline sold 12,148 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $25.79, for a total value of $313,296.92. Following the completion of the transaction, the senior vice president now owns 130,405 shares of the company’s stock, valued at approximately $3,363,144.95. This represents a 8.52 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.81% of the company’s stock.

Perdoceo Education Company Profile

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.