Perdoceo Education (NASDAQ:PRDO) Issues 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.

Wall Street Analysts Forecast Growth

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

Perdoceo Education Stock Performance

Perdoceo Education stock opened at $27.96 on Thursday. The company has a market capitalization of $1.84 billion, a PE ratio of 14.05, a P/E/G ratio of 0.76 and a beta of 1.04. The company has a 50 day moving average price of $21.95 and a 200-day moving average price of $22.29. Perdoceo Education has a fifty-two week low of $16.12 and a fifty-two week high of $29.47.

Perdoceo Education (NASDAQ:PRDO) last issued its earnings results on Tuesday, November 12th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. Perdoceo Education had a return on equity of 15.88% and a net margin of 20.42%. The business had revenue of $169.83 million during the quarter, compared to analyst estimates of $164.60 million. During the same period in the previous year, the company posted $0.64 EPS. Perdoceo Education’s revenue was down 5.6% on a year-over-year basis. On average, analysts forecast that Perdoceo Education will post 2.19 earnings per share for the current year.

Insider Buying and Selling at Perdoceo Education

In related news, insider Michele A. Peppers sold 6,476 shares of Perdoceo Education 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 transaction, the insider now directly owns 61,952 shares of the company’s stock, valued at $1,300,992. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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.