Perdoceo Education (NASDAQ:PRDO) Issues Earnings Results

Perdoceo Education (NASDAQ:PRDO) announced its quarterly earnings results on Tuesday. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.53 by $0.06, Zacks reports. Perdoceo Education had a net margin of 20.57% and a return on equity of 16.42%. The company had revenue of $169.83 million for the quarter, compared to analyst estimates of $164.60 million. During the same quarter last year, the business earned $0.64 earnings per share. Perdoceo Education’s revenue was down 5.6% compared to the same quarter last year.

Perdoceo Education Stock Up 14.3 %

NASDAQ:PRDO traded up $3.56 during trading hours on Wednesday, reaching $28.43. The company had a trading volume of 379,995 shares, compared to its average volume of 462,872. The stock has a 50-day moving average of $21.95 and a two-hundred day moving average of $22.29. Perdoceo Education has a one year low of $16.12 and a one year high of $29.47. The firm has a market capitalization of $1.87 billion, a PE ratio of 14.19, a PEG ratio of 0.77 and a beta of 1.04.

Insider Buying and Selling at Perdoceo Education

In other news, insider Michele A. Peppers sold 6,476 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $1,300,992. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reaffirmed an “outperform” rating and set a $30.00 price target on shares of Perdoceo Education in a research note on Friday, September 20th.

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.