Perdoceo Education (NASDAQ:PRDO) Issues Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Perdoceo Education (NASDAQ:PRDO) announced its earnings results on Tuesday. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.06, Zacks reports. Perdoceo Education had a return on equity of 15.88% and a net margin of 20.42%. The firm had revenue of $169.83 million during the quarter, compared to the consensus estimate of $164.60 million. During the same quarter in the prior year, the company earned $0.64 EPS. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year.

Perdoceo Education Stock Up 12.4 %

Perdoceo Education stock opened at $27.96 on Thursday. The business has a 50 day moving average price of $21.95 and a two-hundred day moving average price of $22.29. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 0.76 and a beta of 1.04. Perdoceo Education has a 12 month low of $16.12 and a 12 month high of $29.47.

Analysts Set New Price Targets

Separately, Barrington Research increased their target price on Perdoceo Education from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday.

Insider Buying and Selling at Perdoceo Education

In other Perdoceo Education news, insider Michele A. Peppers sold 6,476 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $21.00, for a total value of $135,996.00. Following the completion of the transaction, the insider now owns 61,952 shares of the company’s stock, valued at $1,300,992. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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.