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

Perdoceo Education Co. (NASDAQ:PRDO) declared a quarterly dividend on Monday, February 3rd,RTT News reports. Investors 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 %

Shares of NASDAQ PRDO opened at $28.66 on Tuesday. The stock’s 50 day moving average price is $27.13 and its two-hundred day moving average price is $24.34. The stock 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. Perdoceo Education has a 52-week low of $16.12 and a 52-week high of $29.47.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. The firm had revenue of $169.83 million during the quarter, compared to analyst estimates of $164.60 million. Perdoceo Education had a return on equity of 15.58% and a net margin of 20.42%. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period last year, the company posted $0.64 EPS. On average, analysts anticipate that Perdoceo Education will post 2.27 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PRDO. StockNews.com upgraded Perdoceo Education from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 29th. Barrington Research boosted their price target on shares of Perdoceo Education from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th.

Insider Buying and Selling

In related news, Director Patrick W. Gross sold 3,400 shares of Perdoceo Education stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $26.74, for a total transaction of $90,916.00. Following the completion of the transaction, the director now directly owns 69,635 shares of the company’s stock, valued at $1,862,039.90. This trade represents a 4.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP John Robert Kline sold 12,148 shares of Perdoceo Education stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $25.79, for a total transaction of $313,296.92. Following the completion of the sale, the senior vice president now owns 130,405 shares of the company’s stock, valued at $3,363,144.95. This represents a 8.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 58,594 shares of company stock valued at $1,541,396 over 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.