Perdoceo Education Co. Announces Quarterly Dividend of $0.13 (NASDAQ:PRDO)

Perdoceo Education Co. (NASDAQ:PRDO - Get Free Report) announced a quarterly dividend on Monday, February 3rd,RTT News reports. Investors of record on Saturday, March 1st will be given a dividend of 0.13 per share on Thursday, March 13th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Friday, February 28th.

Perdoceo Education Stock Up 0.4 %

NASDAQ:PRDO traded up $0.10 during trading hours on Friday, reaching $28.42. 424,054 shares of the company's stock were exchanged, compared to its average volume of 381,538. The company has a market capitalization of $1.87 billion, a P/E ratio of 14.28, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06. Perdoceo Education has a 12 month low of $16.12 and a 12 month high of $29.47. The business's 50-day simple moving average is $27.22 and its two-hundred day simple moving average is $24.48.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last released 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 analyst estimates 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 period last year, the company posted $0.64 EPS. As a group, sell-side analysts anticipate that Perdoceo Education will post 2.27 earnings per share for the current fiscal year.

Insider Activity

In other Perdoceo Education news, CEO Todd S. Nelson sold 12,472 shares of Perdoceo Education stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $26.29, for a total transaction of $327,888.88. Following the transaction, the chief executive officer now owns 615,697 shares of the company's stock, valued at $16,186,674.13. The trade was a 1.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP John Robert Kline sold 12,148 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $25.79, for a total transaction of $313,296.92. Following the completion of the sale, the senior vice president now directly owns 130,405 shares of the company's stock, valued at $3,363,144.95. This trade represents a 8.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 58,594 shares of company stock worth $1,541,396 over the last quarter. Corporate insiders own 1.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Barrington Research restated an "outperform" rating and set a $32.00 price objective on shares of Perdoceo Education in a report on Friday. StockNews.com upgraded shares of Perdoceo Education from a "buy" rating to a "strong-buy" rating in a report on Wednesday, January 29th.

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.