Perdoceo Education (PRDO) Set to Announce Quarterly Earnings on Wednesday

Perdoceo Education (NASDAQ:PRDO) is set to issue 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 interested in registering for the company’s conference call can do so using this link.

Perdoceo Education (NASDAQ:PRDO) last released its quarterly 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 firm had revenue of $147.30 million during the quarter, compared to the consensus estimate of $146.20 million. Perdoceo Education had a net margin of 20.80% and a return on equity of 17.63%. The company’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same quarter last 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 Performance

PRDO stock opened at $17.84 on Wednesday. The company has a fifty day moving average price of $17.49 and a 200-day moving average price of $17.62. The company has a market capitalization of $1.17 billion, a P/E ratio of 8.18, a PEG ratio of 0.54 and a beta of 0.96. Perdoceo Education has a 52-week low of $11.50 and a 52-week high of $19.62.

Perdoceo Education Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.47%. The ex-dividend date was Thursday, February 29th. Perdoceo Education’s payout ratio is currently 20.18%.

Analyst Upgrades and Downgrades

PRDO has been the subject of several analyst reports. StockNews.com raised shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 19th. Barrington Research reiterated an “outperform” rating and set a $23.00 price objective on shares of Perdoceo Education in a research report on Monday, April 15th.

Insider Transactions at Perdoceo Education

In other news, CEO Todd S. Nelson sold 16,000 shares of the stock in a transaction on Friday, January 26th. The shares were sold at an average price of $18.50, for a total transaction of $296,000.00. Following the completion of the sale, the chief executive officer now directly owns 685,098 shares in the company, valued at $12,674,313. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Perdoceo Education news, CEO Todd S. Nelson sold 9,500 shares of the firm’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 completion of the sale, the chief executive officer now directly owns 685,098 shares in the company, valued at $12,674,313. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Todd S. Nelson sold 16,000 shares of Perdoceo Education stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $18.50, for a total transaction of $296,000.00. Following the transaction, the chief executive officer now owns 685,098 shares of the company’s stock, valued at $12,674,313. The disclosure for this sale can be found here. Insiders sold a total of 105,500 shares of company stock worth $1,893,350 over the last three months. 1.81% of the stock is owned by company 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.