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

Perdoceo Education (NASDAQ:PRDOGet Free Report) announced its quarterly earnings results on Tuesday. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06, Zacks reports. Perdoceo Education had a net margin of 20.42% and a return on equity of 15.88%. The firm had revenue of $169.83 million for the quarter, compared to the consensus estimate of $164.60 million. During the same period in the prior year, the firm posted $0.64 earnings per share. The company’s revenue for the quarter was down 5.6% on a year-over-year basis.

Perdoceo Education Stock Up 14.3 %

PRDO stock traded up $3.56 during mid-day trading on Wednesday, hitting $28.43. The company had a trading volume of 450,452 shares, compared to its average volume of 463,228. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 14.31, a P/E/G ratio of 0.76 and a beta of 1.04. Perdoceo Education has a 12-month low of $16.12 and a 12-month high of $29.47. The company has a 50-day moving average price of $21.95 and a 200 day moving average price of $22.29.

Analyst Ratings Changes

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

Get Our Latest Stock Analysis on PRDO

Insiders Place Their Bets

In related news, insider Michele A. Peppers sold 6,476 shares of the company’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 transaction, the insider now directly owns 61,952 shares in the company, valued at approximately $1,300,992. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.81% of the company’s stock.

Perdoceo Education Company Profile

(Get Free Report)

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.

Recommended Stories

Earnings History for Perdoceo Education (NASDAQ:PRDO)

Receive News & Ratings for Perdoceo Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perdoceo Education and related companies with MarketBeat.com's FREE daily email newsletter.