Perdoceo Education (NASDAQ:PRDO) Updates Q4 Earnings Guidance

Perdoceo Education (NASDAQ:PRDO) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.43-0.46 for the period, compared to the consensus earnings per share estimate of $0.42. Perdoceo Education also updated its FY 2024 guidance to 2.250-2.280 EPS.

Perdoceo Education Trading Up 12.4 %

Shares of PRDO stock opened at $27.96 on Thursday. Perdoceo Education has a twelve month low of $16.12 and a twelve month high of $29.47. The stock has a market cap of $1.84 billion, a P/E ratio of 14.05, a P/E/G ratio of 0.76 and a beta of 1.04. The stock has a 50 day moving average of $22.07 and a 200 day moving average of $22.33.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.59 EPS 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 15.88%. The business had revenue of $169.83 million for the quarter, compared to analysts’ expectations of $164.60 million. During the same quarter last year, the company earned $0.64 EPS. The business’s revenue was down 5.6% on a year-over-year basis. On average, research analysts predict that Perdoceo Education will post 2.19 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Perdoceo Education

In other 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 transaction, the insider now directly owns 61,952 shares of the company’s stock, valued at $1,300,992. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 1.81% of the stock is owned by corporate 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.