PRDO FY2025 EPS Estimate Increased by Barrington Research

Perdoceo Education Co. (NASDAQ:PRDO) – Equities research analysts at Barrington Research boosted their FY2025 earnings estimates for Perdoceo Education in a note issued to investors on Wednesday, November 13th. Barrington Research analyst A. Paris now anticipates that the company will post earnings of $2.36 per share for the year, up from their prior forecast of $2.34. Barrington Research has a “Outperform” rating and a $32.00 price target on the stock. The consensus estimate for Perdoceo Education’s current full-year earnings is $2.27 per share.

Perdoceo Education (NASDAQ:PRDO) last released its quarterly earnings data 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. The business had revenue of $169.83 million during the quarter, compared to analysts’ expectations of $164.60 million. Perdoceo Education had a net margin of 20.42% and a return on equity of 15.58%. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.64 EPS.

Separately, StockNews.com upgraded Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research note on Thursday.

Perdoceo Education Stock Performance

NASDAQ:PRDO opened at $26.55 on Thursday. Perdoceo Education has a 1 year low of $16.12 and a 1 year high of $29.47. The stock has a market cap of $1.74 billion, a P/E ratio of 13.22, a P/E/G ratio of 0.82 and a beta of 1.04. The stock has a 50-day simple moving average of $22.16 and a 200-day simple moving average of $22.36.

Perdoceo Education Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be given a $0.13 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.52 dividend on an annualized basis and a yield of 1.96%. Perdoceo Education’s dividend payout ratio (DPR) is presently 26.13%.

Insider Buying and Selling at Perdoceo Education

In other Perdoceo Education news, insider Michele A. Peppers sold 6,476 shares of the business’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 sale, the insider now owns 61,952 shares in the company, valued at approximately $1,300,992. The trade was a 9.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.81% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Perdoceo Education

A number of hedge funds have recently modified their holdings of the business. Barclays PLC boosted its stake in Perdoceo Education by 353.5% during the 3rd quarter. Barclays PLC now owns 110,622 shares of the company’s stock worth $2,460,000 after purchasing an additional 86,227 shares during the period. Wellington Management Group LLP purchased a new stake in shares of Perdoceo Education in the third quarter valued at about $9,374,000. Weiss Asset Management LP acquired a new stake in shares of Perdoceo Education during the third quarter worth about $1,043,000. Point72 DIFC Ltd purchased a new position in shares of Perdoceo Education during the third quarter worth about $114,000. Finally, Point72 Asset Management L.P. acquired a new position in Perdoceo Education in the 3rd quarter valued at about $133,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

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.