Perdoceo Education (NASDAQ:PRDO) Issues Quarterly Earnings Results

Perdoceo Education (NASDAQ:PRDO) announced its quarterly earnings data on Tuesday. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02, Zacks reports. Perdoceo Education had a net margin of 20.42% and a return on equity of 15.58%. Perdoceo Education updated its FY 2025 guidance to 2.310-2.510 EPS and its Q1 2025 guidance to 0.640-0.670 EPS.

Perdoceo Education Stock Up 1.2 %

Perdoceo Education stock traded up $0.35 during mid-day trading on Tuesday, hitting $28.81. 757,358 shares of the stock were exchanged, compared to its average volume of 385,544. The firm’s fifty day simple moving average is $27.38 and its two-hundred day simple moving average is $24.67. Perdoceo Education has a 12 month low of $16.12 and a 12 month high of $29.47. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 0.80 and a beta of 1.07.

Perdoceo Education Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Saturday, March 1st will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.80%. The ex-dividend date is Friday, February 28th. Perdoceo Education’s payout ratio is presently 26.13%.

Insider Buying and Selling

In other Perdoceo Education news, 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 value of $313,296.92. Following the completion of the sale, the senior vice president now directly owns 130,405 shares in the company, valued at approximately $3,363,144.95. The trade was a 8.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Todd S. Nelson sold 12,472 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $26.29, for a total transaction of $327,888.88. Following the sale, the chief executive officer now directly owns 615,697 shares of the company’s stock, valued at approximately $16,186,674.13. This trade represents a 1.99 % decrease in their position. The disclosure for this sale can be found here. 1.81% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. StockNews.com upgraded Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 11th. Barrington Research reissued an “outperform” rating and set a $32.00 price target on shares of Perdoceo Education in a research note on Friday, February 7th.

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.