Perdoceo Education (PRDO) Expected to Announce Earnings on Tuesday

Perdoceo Education (NASDAQ:PRDO) is projected to announce its earnings results after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of $0.48 per share and revenue of $160.12 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06. Perdoceo Education had a return on equity of 15.58% and a net margin of 20.42%. The firm had revenue of $169.83 million during the quarter, compared to analysts’ expectations of $164.60 million. During the same period in the prior year, the business posted $0.64 EPS. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. 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 Price Performance

PRDO opened at $28.45 on Tuesday. The firm has a market capitalization of $1.87 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 0.80 and a beta of 1.07. The business’s 50-day moving average is $27.24 and its two-hundred day moving average is $24.52. Perdoceo Education has a 1 year low of $16.12 and a 1 year high of $29.47.

Perdoceo Education Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Saturday, March 1st will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Friday, February 28th. Perdoceo Education’s payout ratio is currently 26.13%.

Insider Activity

In related news, SVP John Robert Kline sold 30,574 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $26.47, for a total value of $809,293.78. Following the transaction, the senior vice president now directly owns 130,405 shares of the company’s stock, valued at $3,451,820.35. This represents a 18.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Patrick W. Gross sold 3,400 shares of Perdoceo Education stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $26.74, for a total value of $90,916.00. Following the sale, the director now directly owns 69,635 shares of the company’s stock, valued at approximately $1,862,039.90. This represents a 4.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 58,594 shares of company stock worth $1,541,396 over the last 90 days. 1.81% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on PRDO. Barrington Research restated an “outperform” rating and issued a $32.00 target price on shares of Perdoceo Education in a research note on Friday. StockNews.com raised 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.