PRDO FY2024 EPS Forecast Boosted by Barrington Research

Perdoceo Education Co. (NASDAQ:PRDO) – Equities research analysts at Barrington Research raised their FY2024 earnings per share estimates for shares of Perdoceo Education in a research report issued on Wednesday, November 13th. Barrington Research analyst A. Paris now anticipates that the company will earn $2.27 per share for the year, up from their previous estimate of $2.19. Barrington Research currently has a “Outperform” rating and a $32.00 target price on the stock. The consensus estimate for Perdoceo Education’s current full-year earnings is $2.27 per share. Barrington Research also issued estimates for Perdoceo Education’s Q4 2024 earnings at $0.48 EPS.

Separately, StockNews.com upgraded shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a report on Thursday.

Perdoceo Education Trading Up 1.0 %

Shares of PRDO opened at $26.55 on Friday. Perdoceo Education has a twelve month low of $16.12 and a twelve month high of $29.47. The stock’s 50 day moving average is $22.27 and its two-hundred day moving average is $22.44. The firm has a market capitalization of $1.74 billion, a PE ratio of 13.34, a P/E/G ratio of 0.82 and a beta of 1.04.

Perdoceo Education (NASDAQ:PRDO) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.53 by $0.06. Perdoceo Education had a return on equity of 15.58% and a net margin of 20.42%. The company had revenue of $169.83 million for the quarter, compared to analyst estimates of $164.60 million. During the same quarter in the previous year, the company posted $0.64 earnings per share. The firm’s revenue was down 5.6% compared to the same quarter last year.

Perdoceo Education Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.52 dividend on an annualized basis and a yield of 1.96%. Perdoceo Education’s dividend payout ratio (DPR) is 26.13%.

Insiders Place Their Bets

In related news, insider Michele A. Peppers sold 6,476 shares of Perdoceo Education stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $21.00, for a total transaction of $135,996.00. Following the sale, the insider now owns 61,952 shares of the company’s stock, valued at $1,300,992. The trade was a 9.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.81% of the stock is currently owned by insiders.

Institutional Trading of Perdoceo Education

Several large investors have recently modified their holdings of the business. Quarry LP grew its stake in Perdoceo Education by 1,306.3% during the 2nd quarter. Quarry LP now owns 1,350 shares of the company’s stock valued at $29,000 after purchasing an additional 1,254 shares in the last quarter. Blue Trust Inc. increased its stake 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 worth $38,000 after buying an additional 492 shares during the last quarter. Quest Partners LLC bought a new stake in shares of Perdoceo Education in the second quarter worth $39,000. Fifth Third Bancorp raised its holdings in 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 in the last quarter. Finally, Innealta Capital LLC bought a new position in Perdoceo Education during the 2nd quarter valued at $74,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Perdoceo Education Company Profile

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.