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Perdoceo Education (NASDAQ:PRDO) Issues FY22 Earnings Guidance


Perdoceo Education (NASDAQ:PRDO – Get Rating) updated its FY22 earnings guidance on Thursday. The company provided EPS guidance of $1.32-$1.44 for the period, compared to the consensus EPS estimate of $1.32. Perdoceo Education also updated its Q2 guidance to $0.36-$0.38 EPS.

Several brokerages have recently commented on PRDO. StockNews.com initiated coverage on Perdoceo Education in a research note on Thursday, March 31st. They issued a buy rating on the stock. Barrington Research reiterated a buy rating and issued a $16.00 price objective on shares of Perdoceo Education in a report on Friday, February 25th. Finally, Zacks Investment Research upgraded Perdoceo Education from a strong sell rating to a hold rating in a report on Thursday, April 28th.

NASDAQ PRDO traded up $0.10 during trading hours on Friday, hitting $10.85. 4,202 shares of the company were exchanged, compared to its average volume of 388,414. The company has a 50 day moving average of $11.27 and a two-hundred day moving average of $11.08. Perdoceo Education has a 52-week low of $9.65 and a 52-week high of $13.15. The firm has a market cap of $745.94 million, a price-to-earnings ratio of 6.98, a PEG ratio of 0.55 and a beta of 1.16.

Perdoceo Education (NASDAQ:PRDO – Get Rating) last issued its quarterly earnings results on Thursday, February 24th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.08. Perdoceo Education had a return on equity of 19.39% and a net margin of 15.82%. The company had revenue of $159.86 million for the quarter, compared to the consensus estimate of $166.02 million. Equities analysts expect that Perdoceo Education will post 1.32 EPS for the current fiscal year.

In other Perdoceo Education news, SVP Elise Baskel sold 9,508 shares of the stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $11.13, for a total transaction of $105,824.04. Following the completion of the sale, the senior vice president now directly owns 69,047 shares of the company’s stock, valued at approximately $768,493.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP David C. Czeszewski sold 16,320 shares of the stock in a transaction that occurred on Thursday, March 3rd. The stock was sold at an average price of $10.64, for a total value of $173,644.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 88,997 shares of company stock worth $981,656. Company insiders own 2.89% of the company’s stock.

A number of institutional investors have recently bought and sold shares of PRDO. Morgan Stanley lifted its position in Perdoceo Education by 0.7% during the 2nd quarter. Morgan Stanley now owns 430,595 shares of the company’s stock worth $5,283,000 after acquiring an additional 2,889 shares during the period. Royal Bank of Canada lifted its holdings in shares of Perdoceo Education by 127.2% in the 3rd quarter. Royal Bank of Canada now owns 10,948 shares of the company’s stock valued at $115,000 after buying an additional 6,130 shares during the period. Millennium Management LLC acquired a new stake in shares of Perdoceo Education in the 3rd quarter valued at approximately $1,243,000. Citigroup Inc. lifted its holdings in shares of Perdoceo Education by 37.4% in the 4th quarter. Citigroup Inc. now owns 67,568 shares of the company’s stock valued at $795,000 after buying an additional 18,398 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Perdoceo Education by 5.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 933,399 shares of the company’s stock valued at $10,978,000 after buying an additional 45,216 shares during the period. 88.00% of the stock is owned by institutional investors.

About Perdoceo Education (GetRating)

Perdoceo Education Corporation provides postsecondary education through online, campus-based, and blended learning programs in the United States. The company operates in two segments, Colorado Technical University and American InterContinental University. It offers academic programs in the career-oriented disciplines of business and management, nursing, healthcare management, computer science, engineering, information systems and technology, project management, cybersecurity, and criminal justice, as well as business studies, information technologies, education, and health sciences.

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