Research Analysts Offer Predictions for PRDO FY2025 Earnings

Perdoceo Education Co. (NASDAQ:PRDO) – Barrington Research increased their FY2025 earnings per share (EPS) estimates for Perdoceo Education in a research report issued to clients and investors on Wednesday, November 13th. Barrington Research analyst A. Paris now expects that the company will earn $2.36 per share for the year, up from their previous forecast of $2.34. Barrington Research has a “Outperform” rating and a $32.00 price target on the stock. The consensus estimate for Perdoceo Education’s current full-year earnings is $2.19 per share.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.06. The company had revenue of $169.83 million during the quarter, compared to analyst estimates of $164.60 million. Perdoceo Education had a net margin of 20.42% and a return on equity of 15.88%. Perdoceo Education’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period last year, the business earned $0.64 EPS.

Perdoceo Education Stock Up 12.4 %

Perdoceo Education stock opened at $27.96 on Thursday. The stock’s 50 day moving average is $22.07 and its 200 day moving average is $22.33. Perdoceo Education has a twelve month low of $16.12 and a twelve month high of $29.47. The company has a market capitalization of $1.84 billion, a P/E ratio of 14.05, a PEG ratio of 0.76 and a beta of 1.04.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PRDO. Vanguard Group Inc. lifted its holdings in Perdoceo Education by 0.8% during the first quarter. Vanguard Group Inc. now owns 5,896,257 shares of the company’s stock valued at $103,538,000 after purchasing an additional 45,259 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Perdoceo Education by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 5,069,173 shares of the company’s stock valued at $108,580,000 after buying an additional 28,909 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Perdoceo Education by 2.5% during the second quarter. Renaissance Technologies LLC now owns 4,505,687 shares of the company’s stock worth $96,512,000 after acquiring an additional 107,918 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Perdoceo Education by 24.3% in the 2nd quarter. Pacer Advisors Inc. now owns 2,650,123 shares of the company’s stock valued at $56,766,000 after acquiring an additional 518,048 shares during the last quarter. Finally, LSV Asset Management grew its position in shares of Perdoceo Education by 3.9% during the second quarter. LSV Asset Management now owns 2,010,254 shares of the company’s stock valued at $43,060,000 after purchasing an additional 75,293 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Insider Transactions at Perdoceo Education

In related news, insider Michele A. Peppers sold 6,476 shares of the 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 transaction, the insider now owns 61,952 shares in the company, valued at $1,300,992. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.81% of the stock is owned by 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.