Perdoceo Education (NASDAQ:PRDO) Updates Q4 2024 Earnings Guidance

Perdoceo Education (NASDAQ:PRDO) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.460-0.490 for the period, compared to the consensus estimate of 0.460. The company issued revenue guidance of -. Perdoceo Education also updated its FY 2024 guidance to 2.250-2.280 EPS.

Perdoceo Education Stock Performance

Shares of NASDAQ:PRDO opened at $26.30 on Friday. The firm’s 50 day simple moving average is $22.16 and its 200-day simple moving average is $22.36. Perdoceo Education has a one year low of $16.12 and a one year high of $29.47. The firm has a market cap of $1.73 billion, a PE ratio of 13.22, a price-to-earnings-growth ratio of 0.82 and a beta of 1.04.

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. The business had revenue of $169.83 million during the quarter, compared to analyst estimates of $164.60 million. Perdoceo Education had a return on equity of 15.58% and a net margin of 20.42%. Perdoceo Education’s revenue was down 5.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.64 EPS. Equities research analysts predict that Perdoceo Education will post 2.27 EPS for the current fiscal year.

Perdoceo Education Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders 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 dividend yield of 1.98%. The ex-dividend date of this dividend is Monday, December 2nd. Perdoceo Education’s dividend payout ratio is currently 26.13%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on PRDO. Barrington Research raised 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. StockNews.com raised Perdoceo Education from a “buy” rating to a “strong-buy” rating in a report on Thursday.

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 dated Tuesday, September 10th. The stock was 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 owns 61,952 shares of the company’s stock, valued at $1,300,992. The trade was a 9.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.81% of the stock is currently owned by company insiders.

About Perdoceo Education

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.