Perdoceo Education (NASDAQ:PRDO) Updates FY 2024 Earnings Guidance

Perdoceo Education (NASDAQ:PRDO) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 2.250-2.280 for the period, compared to the consensus earnings per share estimate of 2.190. The company issued revenue guidance of -. Perdoceo Education also updated its Q4 guidance to $0.43-0.46 EPS.

Perdoceo Education Stock Performance

Perdoceo Education stock opened at $27.96 on Thursday. The stock has a market cap of $1.84 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 0.76 and a beta of 1.04. The stock has a 50-day moving average of $21.95 and a two-hundred day moving average of $22.29. Perdoceo Education has a one year low of $16.12 and a one year high of $29.47.

Perdoceo Education (NASDAQ:PRDO) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.53 by $0.06. Perdoceo Education had a net margin of 20.42% and a return on equity of 15.88%. The firm had revenue of $169.83 million during the quarter, compared to analyst estimates of $164.60 million. During the same period last year, the firm posted $0.64 EPS. Perdoceo Education’s revenue was down 5.6% on a year-over-year basis. As a group, sell-side analysts predict that Perdoceo Education will post 2.19 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Barrington Research lifted their price objective on shares of Perdoceo Education from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday.

Insider Activity

In other Perdoceo Education news, insider Michele A. Peppers sold 6,476 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $21.00, for a total value of $135,996.00. Following the sale, the insider now owns 61,952 shares in the company, valued at approximately $1,300,992. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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.