Perdoceo Education (PRDO) Scheduled to Post 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.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Perdoceo Education (NASDAQ:PRDO) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. The business had revenue of $147.30 million during the quarter, compared to analysts’ expectations of $146.20 million. Perdoceo Education had a return on equity of 17.63% and a net margin of 20.80%. The firm’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.31 earnings per share. 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 Trading Down 1.3 %

Shares of NASDAQ:PRDO opened at $18.62 on Tuesday. The stock has a fifty day simple moving average of $17.57 and a two-hundred day simple moving average of $17.64. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 8.54, a PEG ratio of 0.59 and a beta of 0.96. Perdoceo Education has a 12-month low of $11.50 and a 12-month high of $19.62.

Perdoceo Education Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend was Thursday, February 29th. Perdoceo Education’s payout ratio is 20.18%.

Insiders Place Their Bets

In other Perdoceo Education news, CEO Todd S. Nelson sold 16,000 shares of Perdoceo Education stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $17.70, for a total value of $283,200.00. Following the completion of the sale, the chief executive officer now owns 617,367 shares of the company’s stock, valued at approximately $10,927,395.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Todd S. Nelson sold 9,500 shares of Perdoceo Education stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $18.50, for a total value of $175,750.00. Following the completion of the sale, the chief executive officer now owns 685,098 shares of the company’s stock, valued at $12,674,313. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Todd S. Nelson sold 16,000 shares of Perdoceo Education stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $17.70, for a total value of $283,200.00. Following the completion of the sale, the chief executive officer now directly owns 617,367 shares of the company’s stock, valued at approximately $10,927,395.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,500 shares of company stock valued at $1,301,350. Corporate insiders own 1.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Barrington Research reiterated an “outperform” rating and set a $23.00 price objective on shares of Perdoceo Education in a research note on Monday, April 15th. StockNews.com lowered Perdoceo Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 25th.

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.