Perdoceo Education (NASDAQ:PRDO) Releases Q4 2024 Earnings Guidance

Perdoceo Education (NASDAQ:PRDO) issued an update on its fourth quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.460-0.490 for the period, compared to the consensus earnings per share estimate of 0.460. The company issued revenue guidance of -. Perdoceo Education also updated its FY 2024 guidance to 2.250-2.280 EPS.

Perdoceo Education Trading Down 2.2 %

PRDO stock traded down $0.56 during trading on Tuesday, reaching $24.87. The stock had a trading volume of 491,598 shares, compared to its average volume of 463,365. Perdoceo Education has a 52 week low of $16.12 and a 52 week high of $26.40. The firm has a market cap of $1.63 billion, a PE ratio of 12.19, a PEG ratio of 0.76 and a beta of 1.04. The stock’s 50 day moving average is $21.89 and its two-hundred day moving average is $22.25.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reissued an “outperform” rating and issued a $30.00 price objective on shares of Perdoceo Education in a report on Friday, September 20th.

Insider Activity at Perdoceo Education

In other news, insider Michele A. Peppers sold 6,476 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $21.00, for a total transaction 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. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.81% of the stock is 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.