Phoenix Education Partners, Inc. (PXED) To Go Ex-Dividend on November 13th

Phoenix Education Partners, Inc. (NYSE:PXED) declared a quarterly dividend on Thursday, October 29th. Shareholders of record on Friday, November 13th will be given a dividend of $0.23 per share on Friday, November 27th. This represents a $0.92 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Friday, November 13th. This is a 9.5% increase from Phoenix Education Partners’s previous quarterly dividend of $0.21.

Phoenix Education Partners Trading Down 0.2%

PXED traded down $0.04 during midday trading on Wednesday, reaching $19.18. 13,093 shares of the company were exchanged, compared to its average volume of 104,499. The stock has a market capitalization of $703.71 million and a P/E ratio of 8.41. Phoenix Education Partners has a one year low of $18.80 and a one year high of $35.90. The stock’s 50-day simple moving average is $25.13 and its 200 day simple moving average is $28.58. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.10 and a current ratio of 2.10.

Phoenix Education Partners (NYSE:PXED) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $1.07 earnings per share for the quarter, hitting the consensus estimate of $1.07. The business had revenue of $260.68 million for the quarter. Phoenix Education Partners had a net margin of 8.74% and a return on equity of 55.76%. As a group, analysts forecast that Phoenix Education Partners will post 3.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PXED has been the topic of several recent analyst reports. Weiss Ratings lowered Phoenix Education Partners from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Zacks Research downgraded Phoenix Education Partners from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 5th. Barrington Research lowered Phoenix Education Partners from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 4th. B. Riley Financial downgraded Phoenix Education Partners from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $44.00 to $25.00 in a report on Wednesday, November 4th. Finally, Jefferies Financial Group raised Phoenix Education Partners to a “strong-buy” rating in a research report on Wednesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $31.67.

About Phoenix Education Partners

Phoenix Education Partners, Inc. is a higher education company focused on serving working adults and other nontraditional students. Through the University of Phoenix, its principal operating institution, the company provides career-oriented undergraduate and graduate degree programs, professional certificates, and other educational offerings. The University of Phoenix primarily delivers instruction through online learning, with programs designed to offer flexible scheduling for students balancing education with employment and other responsibilities.