Perdoceo Education (NASDAQ:PRDO) Posts Quarterly Earnings Results, Beats Estimates By $0.06 EPS

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

Perdoceo Education Stock Performance

Perdoceo Education stock traded up $3.56 during midday trading on Wednesday, hitting $28.43. 379,995 shares of the company were exchanged, compared to its average volume of 462,872. The business has a fifty day simple moving average of $21.95 and a two-hundred day simple moving average of $22.29. Perdoceo Education has a fifty-two week low of $16.12 and a fifty-two week high of $29.47. The firm has a market capitalization of $1.87 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 0.77 and a beta of 1.04.

Analysts Set New Price Targets

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

Insider Buying and Selling at Perdoceo Education

In related news, insider Michele A. Peppers sold 6,476 shares of Perdoceo Education 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 transaction, the insider now owns 61,952 shares in the company, valued at approximately $1,300,992. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.81% of the stock is owned by corporate insiders.

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.