Perdoceo Education Co. (NASDAQ:PRDO) Declares Quarterly Dividend of $0.13

Perdoceo Education Co. (NASDAQ:PRDO) announced a quarterly dividend on Monday, February 3rd,RTT News reports. Shareholders of record on Saturday, March 1st will be given a dividend of 0.13 per share on Thursday, March 13th. This represents a $0.52 dividend on an annualized basis and a yield of 1.81%.

Perdoceo Education Trading Down 0.4 %

PRDO stock traded down $0.12 during midday trading on Monday, reaching $28.66. The company had a trading volume of 335,096 shares, compared to its average volume of 382,295. Perdoceo Education has a 1 year low of $16.12 and a 1 year high of $29.47. The company has a market capitalization of $1.88 billion, a P/E ratio of 14.40, a PEG ratio of 0.81 and a beta of 1.06. The company has a 50 day moving average of $27.13 and a two-hundred day moving average of $24.34.

Perdoceo Education (NASDAQ:PRDO) last released its earnings results on Tuesday, November 12th. The company reported $0.59 earnings per share (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 15.58%. The company had revenue of $169.83 million during the quarter, compared to the consensus estimate of $164.60 million. During the same quarter in the prior year, the firm earned $0.64 EPS. The company’s revenue was down 5.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Perdoceo Education will post 2.27 earnings per share for the current year.

Insider Activity

In other Perdoceo Education news, CEO Todd S. Nelson sold 12,472 shares of the firm’s 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 directly owns 615,697 shares in the company, valued at $16,186,674.13. This trade represents a 1.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP John Robert Kline sold 12,148 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was 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 owns 130,405 shares in the company, valued at $3,363,144.95. This represents a 8.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,594 shares of company stock worth $1,541,396. 1.81% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PRDO. Barrington Research raised their price target on shares of Perdoceo Education from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. StockNews.com upgraded shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 29th.

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.