FY2022 Earnings Forecast for Perdoceo Education Co. (NASDAQ:PRDO) Issued By Barrington Research

Perdoceo Education Co. (NASDAQ:PRDOGet Rating) – Research analysts at Barrington Research upped their FY2022 earnings per share (EPS) estimates for Perdoceo Education in a note issued to investors on Tuesday, November 8th. Barrington Research analyst A. Paris. Jr now expects that the company will earn $1.59 per share for the year, up from their prior estimate of $1.45. Barrington Research currently has a “Outperform” rating on the stock. The consensus estimate for Perdoceo Education’s current full-year earnings is $1.38 per share. Barrington Research also issued estimates for Perdoceo Education’s Q4 2022 earnings at $0.28 EPS.

Perdoceo Education (NASDAQ:PRDOGet Rating) last issued its earnings results on Monday, August 8th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.05. The business had revenue of $167.68 million during the quarter, compared to analyst estimates of $163.08 million. Perdoceo Education had a return on equity of 17.65% and a net margin of 15.37%. Perdoceo Education’s revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 earnings per share.

A number of other analysts have also recently weighed in on the company. StockNews.com assumed coverage on Perdoceo Education in a research report on Wednesday, October 12th. They issued a “strong-buy” rating on the stock. TheStreet cut Perdoceo Education from a “b-” rating to a “c” rating in a research report on Monday, October 3rd.

Perdoceo Education Price Performance

Shares of NASDAQ:PRDO opened at $14.55 on Thursday. The business’s fifty day moving average price is $10.99 and its two-hundred day moving average price is $11.39. Perdoceo Education has a fifty-two week low of $9.65 and a fifty-two week high of $14.38. The stock has a market capitalization of $977.32 million, a price-to-earnings ratio of 9.70, a price-to-earnings-growth ratio of 0.54 and a beta of 1.14.

Insider Transactions at Perdoceo Education

In other news, Chairman Todd S. Nelson sold 25,000 shares of the stock in a transaction on Monday, October 10th. The stock was sold at an average price of $10.12, for a total transaction of $253,000.00. Following the sale, the chairman now owns 1,036,417 shares in the company, valued at $10,488,540.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Chairman Todd S. Nelson sold 25,000 shares of the stock in a transaction on Monday, October 10th. The stock was sold at an average price of $10.12, for a total transaction of $253,000.00. Following the sale, the chairman now owns 1,036,417 shares in the company, valued at $10,488,540.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John Robert Kline sold 2,625 shares of the stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $11.49, for a total value of $30,161.25. Following the sale, the senior vice president now owns 174,373 shares in the company, valued at approximately $2,003,545.77. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 139,399 shares of company stock worth $1,490,695. Insiders own 2.89% of the company’s stock.

Hedge Funds Weigh In On Perdoceo Education

Several hedge funds have recently added to or reduced their stakes in PRDO. Strs Ohio boosted its holdings in Perdoceo Education by 615.8% in the first quarter. Strs Ohio now owns 72,300 shares of the company’s stock valued at $830,000 after acquiring an additional 62,200 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Perdoceo Education by 361.1% in the first quarter. Robeco Institutional Asset Management B.V. now owns 112,474 shares of the company’s stock valued at $1,291,000 after acquiring an additional 88,081 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Perdoceo Education by 313.0% in the first quarter. Parallel Advisors LLC now owns 3,325 shares of the company’s stock valued at $39,000 after acquiring an additional 2,520 shares during the last quarter. Davy Global Fund Management Ltd boosted its holdings in Perdoceo Education by 61.3% in the first quarter. Davy Global Fund Management Ltd now owns 18,224 shares of the company’s stock valued at $209,000 after acquiring an additional 6,926 shares during the last quarter. Finally, Institute for Wealth Management LLC. bought a new position in Perdoceo Education in the first quarter valued at about $241,000. Institutional investors own 95.31% of the company’s stock.

About Perdoceo Education

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Perdoceo Education Corporation provides postsecondary education through online, campus-based, and blended learning programs in the United States. The company operates in two segments, Colorado Technical University and American InterContinental University. It offers academic programs in the career-oriented disciplines of business and management, nursing, healthcare management, computer science, engineering, information systems and technology, project management, cybersecurity, and criminal justice, as well as business studies, information technologies, education, and health sciences.

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