FY2025 EPS Forecast for Perdoceo Education Raised by Analyst

Perdoceo Education Co. (NASDAQ:PRDO - Free Report) - Stock analysts at Barrington Research upped their FY2025 earnings per share estimates for shares of Perdoceo Education in a research note issued on Wednesday, November 13th. Barrington Research analyst A. Paris now forecasts that the company will post earnings of $2.36 per share for the year, up from their previous estimate of $2.34. Barrington Research has a "Outperform" rating and a $32.00 price objective on the stock. The consensus estimate for Perdoceo Education's current full-year earnings is $2.19 per share.

Perdoceo Education Stock Down 5.9 %

Shares of PRDO traded down $1.66 during trading hours on Thursday, reaching $26.30. The company's stock had a trading volume of 585,334 shares, compared to its average volume of 466,214. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 14.05, a P/E/G ratio of 0.76 and a beta of 1.04. Perdoceo Education has a 1-year low of $16.12 and a 1-year high of $29.47. The company has a 50 day moving average of $22.07 and a two-hundred day moving average of $22.33.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.06. The firm had revenue of $169.83 million for the quarter, compared to the consensus estimate of $164.60 million. Perdoceo Education had a return on equity of 15.88% and a net margin of 20.42%. The business's revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.64 EPS.

Institutional Investors Weigh In On Perdoceo Education

Large investors have recently added to or reduced their stakes in the stock. Quarry LP boosted its position in shares of Perdoceo Education by 1,306.3% in the second quarter. Quarry LP now owns 1,350 shares of the company's stock valued at $29,000 after acquiring an additional 1,254 shares during the period. Blue Trust Inc. boosted its position in shares of Perdoceo Education by 38.7% in the third quarter. Blue Trust Inc. now owns 1,762 shares of the company's stock valued at $38,000 after acquiring an additional 492 shares during the period. Quest Partners LLC bought a new stake in shares of Perdoceo Education in the second quarter valued at approximately $39,000. Fifth Third Bancorp boosted its position in shares of Perdoceo Education by 650.6% in the second quarter. Fifth Third Bancorp now owns 1,884 shares of the company's stock valued at $40,000 after acquiring an additional 1,633 shares during the period. Finally, Innealta Capital LLC bought a new stake in shares of Perdoceo Education in the second quarter valued at approximately $74,000. Institutional investors own 93.46% of the company's stock.

Insider Activity at Perdoceo Education

In other Perdoceo Education news, insider Michele A. Peppers sold 6,476 shares of the company's stock in a transaction that occurred on 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. This represents a 9.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.81% of the stock is currently owned by company insiders.

Perdoceo Education Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be paid a $0.13 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.52 annualized dividend and a dividend yield of 1.98%. Perdoceo Education's payout ratio is 26.13%.

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.