Perdoceo Education (NASDAQ:PRDO) Releases Earnings Results, Beats Expectations By $0.02 EPS

Perdoceo Education (NASDAQ:PRDO - Get Free Report) announced its quarterly earnings data on Tuesday. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02, Zacks reports. Perdoceo Education had a return on equity of 16.85% and a net margin of 21.66%. The firm had revenue of $176.43 million during the quarter, compared to the consensus estimate of $160.12 million. Perdoceo Education updated its FY 2025 guidance to 2.310-2.510 EPS and its Q1 2025 guidance to 0.640-0.670 EPS.

Perdoceo Education Trading Down 4.4 %

Shares of Perdoceo Education stock traded down $1.20 during midday trading on Friday, reaching $25.97. 674,167 shares of the company's stock traded hands, compared to its average volume of 418,896. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.45 and a current ratio of 4.84. The company has a market cap of $1.71 billion, a PE ratio of 11.80, a price-to-earnings-growth ratio of 0.75 and a beta of 1.07. The stock has a 50 day moving average of $27.36 and a 200-day moving average of $24.76. Perdoceo Education has a 12 month low of $16.12 and a 12 month high of $29.84.

Perdoceo Education Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Saturday, March 1st will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.00%. Perdoceo Education's dividend payout ratio is presently 23.64%.

Insider Activity at Perdoceo Education

In other Perdoceo Education news, SVP John Robert Kline sold 12,148 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $25.79, for a total value of $313,296.92. Following the completion of the transaction, the senior vice president now owns 130,405 shares in the company, valued at approximately $3,363,144.95. This represents a 8.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Todd S. Nelson sold 12,472 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $26.29, for a total value of $327,888.88. Following the completion of the transaction, the chief executive officer now owns 615,697 shares of the company's stock, valued at approximately $16,186,674.13. This trade represents a 1.99 % decrease in their position. The disclosure for this sale can be found here. 1.81% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. StockNews.com upgraded Perdoceo Education from a "buy" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Barrington Research upped their target price on Perdoceo Education from $32.00 to $35.00 and gave the company an "outperform" rating in a report on Wednesday.

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.