Perdoceo Education (PRDO) Projected to Post Earnings on Tuesday

Perdoceo Education (NASDAQ:PRDO - Get Free Report) will likely be releasing its earnings data after the market closes on Tuesday, February 18th. Analysts expect Perdoceo Education to post earnings of $0.48 per share and revenue of $160.12 million for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last issued its earnings results 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 net margin of 20.42% and a return on equity of 15.58%. The firm had revenue of $169.83 million during the quarter, compared to analyst estimates of $164.60 million. During the same quarter in the prior year, the business earned $0.64 earnings per share. Perdoceo Education's revenue for the quarter 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 Trading Up 0.6 %

Shares of NASDAQ:PRDO traded up $0.16 during midday trading on Friday, reaching $28.46. 454,219 shares of the company were exchanged, compared to its average volume of 373,151. The business's fifty day moving average is $27.31 and its two-hundred day moving average is $24.62. Perdoceo Education has a one year low of $16.12 and a one year high of $29.47. The stock has a market cap 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.

Perdoceo Education Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Saturday, March 1st will be given 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 1.83%. Perdoceo Education's dividend payout ratio is 26.13%.

Wall Street Analyst Weigh In

PRDO has been the subject of a number of research reports. StockNews.com upgraded shares of Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research report on Tuesday. Barrington Research reiterated an "outperform" rating and set a $32.00 price objective on shares of Perdoceo Education in a research report on Friday, February 7th.

Insider Buying and Selling at Perdoceo Education

In other news, CEO Todd S. Nelson sold 12,472 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $26.29, for a total value of $327,888.88. Following the sale, the chief executive officer now owns 615,697 shares of the company's stock, valued at approximately $16,186,674.13. This represents a 1.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP John Robert Kline sold 12,148 shares of the stock in a transaction on Monday, January 6th. The shares were 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 in the company, valued at approximately $3,363,144.95. This represents a 8.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,020 shares of company stock worth $732,102 over the last 90 days. 1.81% of the stock is owned by 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.