Perdoceo Education (NASDAQ:PRDO) Announces Earnings Results

Perdoceo Education (NASDAQ:PRDO) posted its quarterly earnings data on Tuesday. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06, Zacks reports. Perdoceo Education had a net margin of 20.42% and a return on equity of 15.88%. The company had revenue of $169.83 million during the quarter, compared to analyst estimates of $164.60 million. During the same period in the prior year, the firm earned $0.64 earnings per share. The business’s quarterly revenue was down 5.6% on a year-over-year basis.

Perdoceo Education Price Performance

Shares of PRDO opened at $27.96 on Thursday. The company has a market capitalization of $1.84 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 fifty-two week low of $16.12 and a fifty-two week high of $29.47. The business’s 50-day moving average is $21.95 and its 200-day moving average is $22.29.

Insider Activity

In other news, insider Michele A. Peppers sold 6,476 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $21.00, for a total value of $135,996.00. Following the transaction, the insider now owns 61,952 shares in the company, valued at $1,300,992. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.81% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Barrington Research upped their price objective on shares of Perdoceo Education from $30.00 to $32.00 and gave the company an “outperform” rating in a research note 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.