Perdoceo Education (PRDO) Set to Announce Quarterly Earnings on Wednesday

Perdoceo Education (NASDAQ:PRDO) will be announcing its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.53 per share for the quarter. Perdoceo Education has set its FY 2024 guidance at 2.040-2.260 EPS and its Q1 2024 guidance at 0.530-0.550 EPS.Investors interested in listening to the company’s conference call can do so using this link.

Perdoceo Education (NASDAQ:PRDO) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.04. The firm had revenue of $147.30 million during the quarter, compared to the consensus estimate of $146.20 million. Perdoceo Education had a return on equity of 17.63% and a net margin of 20.80%. Perdoceo Education’s quarterly revenue was down 16.4% on a year-over-year basis. During the same period last year, the business posted $0.31 EPS. On average, analysts expect Perdoceo Education to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Perdoceo Education Stock Performance

Perdoceo Education stock opened at $17.84 on Wednesday. The stock has a fifty day moving average of $17.49 and a two-hundred day moving average of $17.62. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 0.54 and a beta of 0.96. Perdoceo Education has a fifty-two week low of $11.50 and a fifty-two week high of $19.62.

Perdoceo Education Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.47%. The ex-dividend date was Thursday, February 29th. Perdoceo Education’s payout ratio is 20.18%.

Insider Transactions at Perdoceo Education

In other news, CEO Todd S. Nelson sold 16,000 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $18.50, for a total transaction of $296,000.00. Following the sale, the chief executive officer now owns 685,098 shares in the company, valued at $12,674,313. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Todd S. Nelson sold 9,500 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $18.50, for a total transaction of $175,750.00. Following the sale, the chief executive officer now owns 685,098 shares in the company, valued at $12,674,313. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Todd S. Nelson sold 16,000 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $18.50, for a total value of $296,000.00. Following the sale, the chief executive officer now owns 685,098 shares in the company, valued at approximately $12,674,313. The disclosure for this sale can be found here. Insiders have sold 105,500 shares of company stock worth $1,893,350 over the last quarter. 1.81% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

PRDO has been the subject of several recent research reports. Barrington Research reissued an “outperform” rating and set a $23.00 price target on shares of Perdoceo Education in a research report on Monday, April 15th. StockNews.com raised Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 19th.

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.