Perdoceo Education (PRDO) Expected to Announce Earnings on Tuesday

Perdoceo Education (NASDAQ:PRDO) will likely be releasing its earnings data after the market closes on Tuesday, February 18th. Analysts expect Perdoceo Education to post earnings of $0.48 per share and revenue of $160.12 million for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Perdoceo Education (NASDAQ:PRDO) last issued its earnings results on Tuesday, November 12th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06. The firm had revenue of $169.83 million for the quarter, compared to the consensus estimate of $164.60 million. Perdoceo Education had a return on equity of 15.58% and a net margin of 20.42%. The company’s revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.64 earnings per share. On average, analysts expect Perdoceo Education to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Perdoceo Education Trading Up 0.1 %

Shares of PRDO stock opened at $28.45 on Tuesday. Perdoceo Education has a twelve month low of $16.12 and a twelve month high of $29.47. The stock has a market cap of $1.87 billion, a P/E ratio of 14.30, a P/E/G ratio of 0.80 and a beta of 1.07. The stock has a 50 day moving average of $27.24 and a 200 day moving average of $24.52.

Perdoceo Education Announces Dividend

The company also recently announced 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. This represents a $0.52 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Friday, February 28th. Perdoceo Education’s dividend payout ratio (DPR) is 26.13%.

Insider Transactions at Perdoceo Education

In related news, SVP John Robert Kline sold 12,148 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president now owns 130,405 shares in the company, valued at $3,363,144.95. This represents a 8.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Patrick W. Gross sold 3,400 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $26.74, for a total transaction of $90,916.00. Following the completion of the transaction, the director now directly owns 69,635 shares in the company, valued at $1,862,039.90. This represents a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 58,594 shares of company stock valued at $1,541,396 in the last three months. 1.81% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on PRDO. Barrington Research restated an “outperform” rating and set a $32.00 price target on shares of Perdoceo Education in a research report on Friday. StockNews.com upgraded Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research report on Tuesday.

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.