FY2025 EPS Estimates for PRDO Increased by Analyst

Perdoceo Education Co. (NASDAQ:PRDO) – Equities research analysts at Barrington Research boosted their FY2025 earnings per share (EPS) estimates for shares of Perdoceo Education in a research note issued to investors on Wednesday, November 13th. Barrington Research analyst A. Paris now anticipates that the company will post earnings of $2.36 per share for the year, up from their previous forecast of $2.34. Barrington Research has a “Outperform” rating and a $32.00 price objective on the stock. The consensus estimate for Perdoceo Education’s current full-year earnings is $2.19 per share.

Separately, StockNews.com upgraded Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research report on Thursday.

Perdoceo Education Trading Down 5.9 %

Shares of NASDAQ:PRDO opened at $26.30 on Thursday. Perdoceo Education has a twelve month low of $16.12 and a twelve month high of $29.47. The firm has a market cap of $1.73 billion, a P/E ratio of 13.22, a P/E/G ratio of 0.76 and a beta of 1.04. The company has a 50 day moving average of $22.07 and a 200-day moving average of $22.33.

Perdoceo Education (NASDAQ:PRDO) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.06. The business had revenue of $169.83 million during the quarter, compared to the consensus estimate of $164.60 million. Perdoceo Education had a net margin of 20.42% and a return on equity of 15.88%. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.64 earnings per share.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PRDO. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Perdoceo Education in the 3rd quarter worth $228,000. Verition Fund Management LLC increased its stake in Perdoceo Education by 183.0% in the 3rd quarter. Verition Fund Management LLC now owns 27,122 shares of the company’s stock worth $603,000 after purchasing an additional 17,538 shares in the last quarter. Intech Investment Management LLC raised its holdings in Perdoceo Education by 220.8% during the 3rd quarter. Intech Investment Management LLC now owns 56,839 shares of the company’s stock worth $1,264,000 after buying an additional 39,121 shares during the period. Jennison Associates LLC boosted its holdings in shares of Perdoceo Education by 23.8% in the third quarter. Jennison Associates LLC now owns 53,170 shares of the company’s stock worth $1,183,000 after buying an additional 10,231 shares during the period. Finally, Banque Cantonale Vaudoise increased its position in shares of Perdoceo Education by 59.7% in the third quarter. Banque Cantonale Vaudoise now owns 10,606 shares of the company’s stock worth $236,000 after acquiring an additional 3,966 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Insider Activity

In related news, insider Michele A. Peppers sold 6,476 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $21.00, for a total transaction of $135,996.00. Following the completion of the sale, the insider now directly owns 61,952 shares of the company’s stock, valued at $1,300,992. This represents a 9.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.81% of the company’s stock.

Perdoceo Education Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Monday, December 2nd. Perdoceo Education’s payout ratio is 26.13%.

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.