Perdoceo Education Corporation (NASDAQ:PRDO – Get Free Report) announced a quarterly dividend on Thursday, February 19th. Stockholders of record on Monday, March 2nd will be given a dividend of 0.15 per share on Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, March 2nd.
Perdoceo Education has a payout ratio of 24.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Perdoceo Education to earn $2.60 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 23.1%.
Perdoceo Education Trading Up 4.0%
NASDAQ:PRDO traded up $1.27 during trading hours on Friday, hitting $32.80. The company had a trading volume of 253,461 shares, compared to its average volume of 439,318. Perdoceo Education has a 1 year low of $23.87 and a 1 year high of $38.02. The company has a current ratio of 4.47, a quick ratio of 4.45 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average of $30.93 and a 200 day moving average of $32.06. The company has a market cap of $2.11 billion, a P/E ratio of 13.95, a P/E/G ratio of 0.77 and a beta of 0.90.
Analysts Set New Price Targets
A number of analysts have issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Perdoceo Education in a research note on Thursday, January 22nd. Wall Street Zen lowered Perdoceo Education from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 12th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $42.00 price target on shares of Perdoceo Education in a research report on Monday, January 5th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $42.00.
Read Our Latest Research Report on Perdoceo Education
Perdoceo Education Company Profile
Perdoceo Education Corporation (NASDAQ: PRDO) is a for-profit postsecondary education provider offering certificate, associate, bachelor’s and master’s degree programs. The company operates primarily through two brand platforms—Colorado Technical University and American InterContinental University—delivering career-focused education both on campus and online. These programs span fields such as business, information technology, healthcare and criminal justice, targeting working adults seeking to advance or pivot their careers.
With headquarters in Schaumburg, Illinois, Perdoceo serves students across the United States and internationally through its online offerings.
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