Perdoceo Education (NASDAQ:PRDO) Announces Earnings Results

Perdoceo Education (NASDAQ:PRDO) announced its earnings results on Thursday. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.05, Zacks reports. Perdoceo Education had a net margin of 19.91% and a return on equity of 18.51%. The business had revenue of $213.35 million during the quarter, compared to analysts’ expectations of $212.50 million. Perdoceo Education updated its Q3 2026 guidance to 0.730-0.740 EPS and its FY 2026 guidance to 3.100-3.160 EPS.

Here are the key takeaways from Perdoceo Education’s conference call:

• Second-quarter results exceeded expectations, with revenue up 1.8% to $213.4 million, operating income up 6.8% to $54.9 million, and diluted EPS rising to $0.75 from $0.62.
• Management raised or reaffirmed a strong full-year outlook, projecting 2026 adjusted operating income of $258 million–$263 million and adjusted EPS of $3.10–$3.16, representing approximately 20% growth at the midpoint.
• The University of St. Augustine delivered particularly strong performance, with enrollment up 6%, revenue up 10.2%, and adjusted operating income nearly doubling to $10.7 million; management expects continued growth through 2027.
• Overall enrollment increased 0.7%, but CTU expects difficult comparisons and a record number of graduates to pressure reported enrollment growth in the second half, while AIU’s quarterly results will be affected by academic-calendar timing.
• The board increased the quarterly dividend 13.3% to $0.17 per share, and the company continues to have $85 million remaining under its share-repurchase authorization, while also evaluating potential acquisitions.

Perdoceo Education Stock Down 1.8%

NASDAQ PRDO traded down $0.58 during mid-day trading on Thursday, hitting $32.45. The stock had a trading volume of 1,003,241 shares, compared to its average volume of 644,583. The company has a 50 day simple moving average of $33.14 and a 200 day simple moving average of $33.73. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 12.43, a P/E/G ratio of 0.71 and a beta of 0.71. Perdoceo Education has a 52-week low of $26.66 and a 52-week high of $38.50.

Analyst Upgrades and Downgrades

Several research firms have commented on PRDO. Barrington Research set a $44.00 price objective on Perdoceo Education in a research note on Friday, May 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Perdoceo Education in a report on Friday, July 17th. Finally, Zacks Research cut shares of Perdoceo Education from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.00.

Insider Transactions at Perdoceo Education

In other news, insider Michele A. Peppers sold 14,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $34.50, for a total value of $483,000.00. Following the completion of the transaction, the insider owned 35,748 shares in the company, valued at $1,233,306. This trade represents a 28.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kenda B. Gonzales sold 9,308 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $34.79, for a total transaction of $323,825.32. Following the completion of the sale, the director owned 48,158 shares in the company, valued at $1,675,416.82. This represents a 16.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 38,270 shares of company stock worth $1,336,193 over the last ninety days. 1.46% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC grew its stake in Perdoceo Education by 9.1% in the second quarter. Lazard Asset Management LLC now owns 7,280 shares of the company’s stock worth $237,000 after purchasing an additional 605 shares in the last quarter. California State Teachers Retirement System lifted its holdings in Perdoceo Education by 1.3% during the 2nd quarter. California State Teachers Retirement System now owns 57,626 shares of the company’s stock worth $1,884,000 after buying an additional 723 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Perdoceo Education by 2.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 32,301 shares of the company’s stock worth $1,056,000 after buying an additional 753 shares during the last quarter. Martingale Asset Management L P grew its position in shares of Perdoceo Education by 0.8% in the 4th quarter. Martingale Asset Management L P now owns 101,341 shares of the company’s stock worth $2,972,000 after acquiring an additional 762 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in shares of Perdoceo Education by 5.9% in the 4th quarter. Cetera Investment Advisers now owns 14,209 shares of the company’s stock worth $417,000 after acquiring an additional 789 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

About Perdoceo Education

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.