Perdoceo Education (NASDAQ:PRDO) Updates Q4 Earnings Guidance

Perdoceo Education (NASDAQ:PRDO) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.43-0.46 for the period, compared to the consensus earnings per share estimate of $0.42. Perdoceo Education also updated its FY 2024 guidance to 2.250-2.280 EPS.

Perdoceo Education Stock Down 2.2 %

Perdoceo Education stock opened at $24.87 on Wednesday. The firm has a market capitalization of $1.63 billion, a P/E ratio of 12.19, a PEG ratio of 0.77 and a beta of 1.04. The firm has a fifty day moving average of $21.95 and a 200-day moving average of $22.29. Perdoceo Education has a 52-week low of $16.12 and a 52-week high of $26.40.

Analysts Set New Price Targets

Separately, Barrington Research restated an “outperform” rating and issued a $30.00 target price on shares of Perdoceo Education in a research note on Friday, September 20th.

Insider Buying and Selling at Perdoceo Education

In other news, insider Michele A. Peppers sold 6,476 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $21.00, for a total value of $135,996.00. Following the completion of the sale, the insider now owns 61,952 shares of the company’s stock, valued at approximately $1,300,992. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.81% of the stock is currently owned by corporate insiders.

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.