Perdoceo Education Co. (NASDAQ:PRDO – Free Report) – Equity researchers at Barrington Research rank Perdoceo Education stock for the second quarter of 2024 in a research report issued to clients and investors on Thursday, May 2nd. We have raised our earnings per share (EPS) forecast for . Barrington Research analyst A. Paris now expects the company to report earnings of $0.58 per share for the quarter, up from their previous estimate of $0.53. Barrington Research currently has an “outperform” rating on the stock and a $25.00 price target. Perdoceo Education's current consensus estimate for full-year earnings is $2.21 per share. Barrington Research also forecasts Perdoceo Education's third-quarter 2024 earnings of $0.53 EPS, fourth-quarter 2024 earnings of $0.50 EPS, fiscal 2024 earnings of $2.21 EPS, and fiscal 2025 earnings of $2.34 EPS. did.
Perdoceo Education (NASDAQ:PRDO – Get Free Report) last issued its earnings results on Wednesday, May 1st. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.07. Perdoceo Education had a net profit margin of 22.35% and a return on equity of 17.09%. The company had revenue of $168.3 million for the quarter, compared to analyst expectations of $163.3 million. The company's earnings per share for the same period last year was $0.58. The company's revenue decreased by 14.0% compared to the same period last year.
Separately, StockNews.com downgraded Perdoceo Education from a “strong buy” rating to a “buy” rating in a report on Thursday, April 25th.
Check out the latest report on Perdoceo Education
Perdoceo Educational Trading up 1.0%
PRDO stock opened at $24.34 on Monday. The company has a market capitalization of $1.6 billion, a P/E ratio of 10.72x, a PEG ratio of 0.77x, and a beta of 0.93x. Perdoceo Education has a 1-year low of $11.50 and a 1-year high of $24.66. The company's 50 day simple moving average is $17.90 and its 200 day simple moving average is $17.74.
Perdoceo Education announces dividend
The company also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Saturday, June 1st will be issued a dividend of $0.11 per share. The ex-dividend date is Friday, May 31st. This equates to an annualized dividend of $0.44 and a yield of 1.81%. Perdoceo Education's dividend payout ratio (DPR) is currently 19.38%.
Insider activity
In related news, CFO Ashish R. Ghia sold 11,412 shares of Perdoceo Education stock in a transaction on Friday, April 26th. The shares were sold at an average price of $19.00, for a total value of $216,828.00. Following the transaction, the chief financial officer now owns 226,234 shares of the company's stock, valued at approximately $4,298,446. The sale was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Todd S. Nelson sold 16,000 shares of the company's stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $17.70, for a total transaction of $283,200.00. Following the completion of the transaction, the CEO now directly owns 617,367 shares of the company's stock, valued at $10,927,395.90. The sale was disclosed in his SEC filing, which can be accessed through this link. Also, CFO Ashish R. Ghia sold 11,412 shares of the company's stock in a transaction on Friday, April 26th. The shares were sold at an average price of $19.00, for a total value of $216,828.00. Following the completion of the sale, the chief financial officer will now directly own 226,234 shares of the company's stock, valued at $4,298,446. Disclosures regarding this sale can be found here. Insiders sold a total of 75,412 shares of company stock valued at $1,342,428 over the past 90 days. 1.81% of the stock is currently owned by company insiders.
Hedge funds involved in Perdoceo's education
Several large investors have recently bought and sold shares. McGlone Suttner Wealth Management Inc. bought a new stake in shares of His Perdoceo Education in the 4th quarter valued at approximately $26,000. Planned Solutions Inc. acquired new shares in his Perdoceo Education during the 4th quarter valued at $26,000. AJOVista LLC acquired new shares of Perdoceo Education during the 4th quarter valued at $81,000. Banque Cantonale Vaudoise raised its stake in Perdoceo Education by 9.9% in the 1st quarter. Banque Cantonale Vaudoise now owns 6,269 shares of the company's stock valued at $110,000 after purchasing an additional 565 shares in the last quarter. Finally, Commons Capital LLC purchased a new position in shares of His Perdoceo Education during the 4th quarter valued at approximately $193,000. 93.46% of the stock is currently held by institutional investors and hedge funds.
Perdoceo Education Company Profile
(Get Free Report)
Perdoceo Education Corporation provides postsecondary education in the United States through online, campus-based, and blended learning programs. He operates in two divisions: Colorado Technological University and the American Intercontinental University System. The Colorado Tech Department offers academic programs in business and management, nursing, health care administration, computer science, engineering, information systems and technology, project management, cybersecurity, criminal justice, and more.
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