Perdoceo Education (NASDAQ:PRDO) Issues Q4 Earnings Guidance

Perdoceo Education (NASDAQ:PRDO) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.43-0.46 for the period, compared to the consensus earnings per share estimate of $0.42. Perdoceo Education also updated its FY 2024 guidance to 2.250-2.280 EPS.

Analyst Ratings Changes

A number of equities research analysts have commented on PRDO shares. Barrington Research raised their target price on Perdoceo Education from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday. StockNews.com raised shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a report on Thursday.

Perdoceo Education Stock Up 0.3 %

NASDAQ PRDO traded up $0.07 during mid-day trading on Friday, hitting $26.37. The stock had a trading volume of 24,681 shares, compared to its average volume of 464,225. The company has a 50 day simple moving average of $22.16 and a 200 day simple moving average of $22.36. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 13.22, a P/E/G ratio of 0.82 and a beta of 1.04. Perdoceo Education has a 52-week low of $16.12 and a 52-week high of $29.47.

Perdoceo Education (NASDAQ:PRDO) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.06. Perdoceo Education had a return on equity of 15.58% and a net margin of 20.42%. The business had revenue of $169.83 million during the quarter, compared to the consensus estimate of $164.60 million. During the same quarter in the previous year, the company posted $0.64 EPS. The business’s revenue was down 5.6% on a year-over-year basis. As a group, equities analysts anticipate that Perdoceo Education will post 2.27 earnings per share for the current fiscal year.

Perdoceo Education Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.13 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.97%. Perdoceo Education’s dividend payout ratio (DPR) is 26.13%.

Insider Activity at Perdoceo Education

In related news, insider Michele A. Peppers sold 6,476 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were 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 approximately $1,300,992. The trade was a 9.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.81% of the stock is owned by corporate insiders.

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.