Perdoceo Education Co. (PRDO) to Issue Quarterly Dividend of $0.13 on March 13th

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 paid a dividend of 0.13 per share on Thursday, March 13th. This represents a $0.52 annualized dividend and a yield of 2.04%. The ex-dividend date is Friday, February 28th.

Perdoceo Education Trading Down 2.4 %

Shares of Perdoceo Education stock opened at $25.49 on Wednesday. Perdoceo Education has a twelve month low of $16.56 and a twelve month high of $29.84. The company has a quick ratio of 5.45, a current ratio of 4.84 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $27.29 and a 200-day moving average price of $24.84. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 0.75 and a beta of 1.06.

Perdoceo Education (NASDAQ:PRDO) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Perdoceo Education had a return on equity of 16.85% and a net margin of 21.66%. The company had revenue of $176.43 million during the quarter, compared to analyst estimates of $160.12 million. Equities research analysts anticipate that Perdoceo Education will post 2.41 EPS for the current fiscal year.

Analyst Ratings Changes

PRDO has been the topic of several research reports. Barrington Research boosted their price target on shares of Perdoceo Education from $32.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. StockNews.com raised shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 11th.

Insider Buying and Selling at Perdoceo Education

In related news, CEO Todd S. Nelson sold 12,472 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $26.29, for a total transaction of $327,888.88. Following the transaction, the chief executive officer now directly owns 615,697 shares in the company, valued at approximately $16,186,674.13. This represents a 1.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP John Robert Kline sold 12,148 shares of the stock in a transaction dated 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 directly owns 130,405 shares in the company, valued at $3,363,144.95. This trade represents a 8.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.81% of the company’s stock.

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.