Perdoceo Education (NASDAQ:PRDO) Posts Earnings Results, Beats Expectations By $0.07 EPS

Perdoceo Education (NASDAQ:PRDO) posted its quarterly earnings data on Wednesday. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.07, Briefing.com reports. The firm had revenue of $168.30 million during the quarter, compared to analysts’ expectations of $163.30 million. Perdoceo Education had a return on equity of 17.63% and a net margin of 20.80%. The business’s quarterly revenue was down 14.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.58 EPS.

Perdoceo Education Trading Up 26.7 %

Shares of NASDAQ PRDO traded up $4.90 during trading on Thursday, reaching $23.24. 1,172,019 shares of the company traded hands, compared to its average volume of 514,457. The firm’s fifty day simple moving average is $17.62 and its 200 day simple moving average is $17.65. The stock has a market cap of $1.52 billion, a P/E ratio of 10.60, a PEG ratio of 0.58 and a beta of 0.92. Perdoceo Education has a 12-month low of $11.50 and a 12-month high of $23.60.

Perdoceo Education Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.11 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.44 dividend on an annualized basis and a yield of 1.89%. Perdoceo Education’s dividend payout ratio (DPR) is 20.18%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on PRDO shares. StockNews.com lowered Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 25th. Barrington Research restated an “outperform” rating and issued a $23.00 target price on shares of Perdoceo Education in a research note on Monday, April 15th.

Insider Buying and Selling at Perdoceo Education

In other Perdoceo Education news, CFO Ashish R. Ghia sold 11,412 shares of Perdoceo Education stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $19.00, for a total transaction of $216,828.00. Following the completion of the transaction, the chief financial officer now owns 226,234 shares in the company, valued at approximately $4,298,446. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Ashish R. Ghia sold 11,412 shares of Perdoceo Education stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $19.00, for a total value of $216,828.00. Following the completion of the transaction, the chief financial officer now owns 226,234 shares in the company, valued at approximately $4,298,446. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Todd S. Nelson sold 16,000 shares of Perdoceo Education stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $17.65, for a total value of $282,400.00. Following the completion of the transaction, the chief executive officer now owns 681,367 shares of the company’s stock, valued at approximately $12,026,127.55. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,412 shares of company stock worth $1,342,428. Insiders own 1.81% of the company’s stock.

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.