Perdoceo Education (PRDO) Set to Announce Earnings on Wednesday

Perdoceo Education (NASDAQ:PRDO) will announce its earnings results 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.Investors interested in listening to the company’s conference call can do so using this link.

Perdoceo Education (NASDAQ:PRDO) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Perdoceo Education had a return on equity of 17.63% and a net margin of 20.80%. The business had revenue of $147.30 million during the quarter, compared to the consensus estimate of $146.20 million. During the same quarter in the previous year, the business earned $0.31 earnings per share. The business’s revenue for the quarter was down 16.4% on a year-over-year basis. 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 Trading Up 1.3 %

NASDAQ PRDO opened at $18.86 on Monday. The business’s 50-day moving average price is $17.55 and its 200 day moving average price is $17.64. Perdoceo Education has a twelve month low of $11.50 and a twelve month high of $19.62. The company has a market capitalization of $1.24 billion, a PE ratio of 8.65, a price-to-earnings-growth ratio of 0.59 and a beta of 0.96.

Perdoceo Education Announces Dividend

The business also recently declared 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. This represents a $0.44 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend was Thursday, February 29th. Perdoceo Education’s dividend payout ratio (DPR) is 20.18%.

Insider Buying and Selling

In other Perdoceo Education news, CEO Todd S. Nelson sold 16,000 shares of Perdoceo Education stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $17.70, for a total transaction of $283,200.00. Following the transaction, the chief executive officer now directly owns 617,367 shares of the company’s stock, valued at $10,927,395.90. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Todd S. Nelson sold 16,000 shares of the firm’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $17.70, for a total value of $283,200.00. Following the transaction, the chief executive officer now owns 617,367 shares of the company’s stock, valued at approximately $10,927,395.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Todd S. Nelson sold 9,500 shares of Perdoceo Education stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $18.50, for a total transaction of $175,750.00. Following the transaction, the chief executive officer now owns 685,098 shares in the company, valued at approximately $12,674,313. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,500 shares of company stock valued at $1,301,350. 1.81% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. StockNews.com cut shares of Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Barrington Research reissued an “outperform” rating and set a $23.00 price target on shares of Perdoceo Education in a research report on Monday, April 15th.

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.