Perdoceo Education (PRDO) Scheduled to Post Quarterly Earnings on Wednesday

Perdoceo Education (NASDAQ:PRDO) is scheduled to be issuing its quarterly earnings data 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.Parties that are interested in registering for the company’s conference call can do so using this link.

Perdoceo Education (NASDAQ:PRDO) last announced its earnings results on Wednesday, February 21st. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.04. The company had revenue of $147.30 million for 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%. Perdoceo Education’s quarterly revenue was down 16.4% on a year-over-year basis. During the same quarter in the previous year, the firm 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 Stock Down 1.3 %

Shares of NASDAQ:PRDO opened at $18.62 on Tuesday. The stock has a market cap 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. The business’s 50 day moving average is $17.57 and its 200 day moving average is $17.64.

Perdoceo Education Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.11 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.44 annualized dividend and a dividend yield of 2.36%. 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 the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $17.23, for a total value of $275,680.00. Following the transaction, the chief executive officer now owns 713,367 shares of the company’s stock, valued at $12,291,313.41. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Perdoceo Education news, CEO Todd S. Nelson sold 16,000 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $17.23, for a total value of $275,680.00. Following the sale, the chief executive officer now directly owns 713,367 shares in the company, valued at $12,291,313.41. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Todd S. Nelson sold 9,500 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $18.50, for a total value of $175,750.00. Following the transaction, the chief executive officer now directly owns 685,098 shares in the company, valued at approximately $12,674,313. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,500 shares of company stock valued at $1,301,350. Insiders own 1.81% of the company’s stock.

Wall Street Analysts Forecast Growth

PRDO has been the topic of several analyst reports. Barrington Research reaffirmed an “outperform” rating and set a $23.00 target price on shares of Perdoceo Education in a research report on Monday, April 15th. StockNews.com cut Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 25th.

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.