Perdoceo Education Co. Plans Quarterly Dividend of $0.13 (NASDAQ:PRDO)

Perdoceo Education Co. (NASDAQ:PRDO) declared a quarterly dividend on Monday, February 3rd,RTT News reports. Shareholders of record on Saturday, March 1st will be paid a dividend of 0.13 per share on Thursday, March 13th. This represents a $0.52 dividend on an annualized basis and a yield of 1.81%.

Perdoceo Education Stock Down 0.4 %

NASDAQ PRDO opened at $28.66 on Tuesday. Perdoceo Education has a 52 week low of $16.12 and a 52 week high of $29.47. The firm has a market capitalization of $1.88 billion, a P/E ratio of 14.40, a PEG ratio of 0.81 and a beta of 1.06. The company has a 50-day moving average price of $27.13 and a 200-day moving average price of $24.34.

Perdoceo Education (NASDAQ:PRDO) last released its 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 net margin of 20.42% and a return on equity of 15.58%. The company had revenue of $169.83 million during the quarter, compared to analyst estimates of $164.60 million. During the same period in the prior year, the firm posted $0.64 EPS. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Perdoceo Education will post 2.27 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PRDO shares. StockNews.com raised Perdoceo Education from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 29th. Barrington Research boosted their price objective on Perdoceo Education from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th.

Insider Activity

In other Perdoceo Education news, SVP John Robert Kline sold 30,574 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $26.47, for a total transaction of $809,293.78. Following the sale, the senior vice president now owns 130,405 shares in the company, valued at $3,451,820.35. This represents a 18.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Patrick W. Gross sold 3,400 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $26.74, for a total value of $90,916.00. Following the completion of the transaction, the director now owns 69,635 shares in the company, valued at approximately $1,862,039.90. The trade was a 4.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 58,594 shares of company stock valued at $1,541,396 in the last quarter. Insiders own 1.81% of the company’s stock.

About Perdoceo Education

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.