Perdoceo Education (NASDAQ:PRDO) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Perdoceo Education (NASDAQ:PRDO) released its quarterly earnings results on Wednesday. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02, Briefing.com reports. Perdoceo Education had a net margin of 22.35% and a return on equity of 17.09%. The company had revenue of $166.74 million for the quarter, compared to analyst estimates of $160.91 million. During the same period last year, the firm earned $0.61 earnings per share. The firm’s revenue was down 10.6% on a year-over-year basis.

Perdoceo Education Stock Performance

PRDO stock traded down $0.20 during mid-day trading on Thursday, hitting $24.59. The company had a trading volume of 613,063 shares, compared to its average volume of 502,955. The firm has a market cap of $1.61 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 0.76 and a beta of 1.02. Perdoceo Education has a 12 month low of $13.69 and a 12 month high of $26.40. The stock’s fifty day moving average price is $22.24 and its two-hundred day moving average price is $19.95.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. StockNews.com lowered Perdoceo Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 25th. Barrington Research boosted their price objective on Perdoceo Education from $27.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday.

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.