Perdoceo Education (NASDAQ:PRDO) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Perdoceo Education (NASDAQ:PRDO) posted its quarterly earnings results on Tuesday. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02, Zacks reports. Perdoceo Education had a return on equity of 15.58% and a net margin of 20.42%. Perdoceo Education updated its FY 2025 guidance to 2.310-2.510 EPS and its Q1 2025 guidance to 0.640-0.670 EPS.

Perdoceo Education Stock Up 1.2 %

Shares of NASDAQ:PRDO opened at $28.81 on Wednesday. The firm has a 50 day moving average of $27.40 and a 200 day moving average of $24.71. Perdoceo Education has a 52 week low of $16.12 and a 52 week high of $29.47. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 0.80 and a beta of 1.07.

Perdoceo Education Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Saturday, March 1st will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Friday, February 28th. Perdoceo Education’s dividend payout ratio is presently 26.13%.

Insiders Place Their Bets

In other news, CEO Todd S. Nelson sold 12,472 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $26.29, for a total transaction of $327,888.88. Following the sale, the chief executive officer now owns 615,697 shares of the company’s stock, valued at approximately $16,186,674.13. This represents a 1.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP John Robert Kline sold 12,148 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $25.79, for a total transaction of $313,296.92. Following the transaction, the senior vice president now owns 130,405 shares of the company’s stock, valued at approximately $3,363,144.95. The trade was a 8.52 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Barrington Research reissued an “outperform” rating and set a $32.00 price target on shares of Perdoceo Education in a report on Friday, February 7th. StockNews.com upgraded Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 11th.

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.