Perdoceo Education (NASDAQ:PRDO) Releases 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 (EPS) guidance of $0.43-0.46 for the period, compared to the consensus estimate of $0.42. Perdoceo Education also updated its FY 2024 guidance to 2.250-2.280 EPS.

Perdoceo Education Stock Performance

Shares of NASDAQ PRDO opened at $24.87 on Wednesday. The firm has a market capitalization of $1.63 billion, a P/E ratio of 12.19, a PEG ratio of 0.77 and a beta of 1.04. Perdoceo Education has a one year low of $16.12 and a one year high of $26.40. The company’s fifty day moving average is $21.95 and its two-hundred day moving average is $22.29.

Analyst Ratings Changes

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

Insider Activity at Perdoceo Education

In other Perdoceo Education news, insider Michele A. Peppers sold 6,476 shares of the firm’s stock in a transaction dated 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 directly owns 61,952 shares of the company’s stock, valued at $1,300,992. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.81% of the company’s stock.

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.