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

Perdoceo Education (NASDAQ:PRDO) released its quarterly earnings data on Tuesday. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02, Zacks reports. Perdoceo Education had a net margin of 20.42% and a return on equity of 15.58%. 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 Performance

PRDO traded up $0.35 on Tuesday, reaching $28.81. 757,358 shares of the company’s stock were exchanged, compared to its average volume of 385,544. The company’s 50 day moving average is $27.40 and its 200-day moving average is $24.71. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 0.80 and a beta of 1.07. Perdoceo Education has a twelve month low of $16.12 and a twelve month high of $29.47.

Perdoceo Education Announces Dividend

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

Analysts Set New Price Targets

PRDO has been the topic of several recent research reports. Barrington Research reiterated an “outperform” rating and issued a $32.00 price objective on shares of Perdoceo Education in a research report on Friday, February 7th. StockNews.com upgraded shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 11th.

Insider Buying and Selling

In other Perdoceo Education news, CEO Todd S. Nelson sold 12,472 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $26.29, for a total value of $327,888.88. Following the completion of the sale, the chief executive officer now owns 615,697 shares of the company’s stock, valued at $16,186,674.13. This trade represents a 1.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John Robert Kline sold 12,148 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $25.79, for a total transaction of $313,296.92. Following the completion of the sale, the senior vice president now directly owns 130,405 shares of the company’s stock, valued at $3,363,144.95. This trade represents 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.

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.