Perdoceo Education (PRDO) Projected to Post Quarterly Earnings on Tuesday

Perdoceo Education (NASDAQ:PRDO) is projected to release its earnings data after the market closes on Tuesday, February 18th. Analysts expect Perdoceo Education to post earnings of $0.48 per share and revenue of $160.12 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Perdoceo Education Trading Up 0.6 %

Perdoceo Education stock opened at $28.46 on Friday. Perdoceo Education has a 12 month low of $16.12 and a 12 month high of $29.47. The business’s fifty day simple moving average is $27.35 and its two-hundred day simple moving average is $24.65. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 14.30, a price-to-earnings-growth ratio of 0.80 and a beta of 1.07.

Perdoceo Education Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Saturday, March 1st will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Friday, February 28th. Perdoceo Education’s payout ratio is 26.13%.

Analyst Ratings Changes

Several brokerages have issued reports on PRDO. Barrington Research reaffirmed an “outperform” rating and issued a $32.00 target price on shares of Perdoceo Education in a report on Friday, February 7th. StockNews.com upgraded 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, SVP John Robert Kline sold 12,148 shares of Perdoceo Education stock in a transaction on Monday, January 6th. The stock was sold at an average price of $25.79, for a total transaction of $313,296.92. Following the transaction, the senior vice president now directly owns 130,405 shares in the company, valued at approximately $3,363,144.95. The trade was a 8.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Patrick W. Gross sold 3,400 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $26.74, for a total value of $90,916.00. Following the completion of the sale, the director now owns 69,635 shares of the company’s stock, valued at approximately $1,862,039.90. The trade was a 4.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,020 shares of company stock valued at $732,102. 1.81% of the stock is owned by company insiders.

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.