Perdoceo Education (NASDAQ:PRDO) Releases Q4 Earnings Guidance

Perdoceo Education (NASDAQ:PRDO) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $0.43-0.46 for the period, compared to the consensus earnings per share estimate of $0.42.

Perdoceo Education Trading Down 2.2 %

Shares of Perdoceo Education stock traded down $0.56 on Tuesday, reaching $24.87. 491,491 shares of the company were exchanged, compared to its average volume of 463,365. The company has a 50-day moving average of $21.89 and a 200 day moving average of $22.25. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 0.76 and a beta of 1.04. Perdoceo Education has a one year low of $16.12 and a one year high of $26.40.

Wall Street Analysts Forecast Growth

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

Insider Activity at Perdoceo Education

In related news, insider Michele A. Peppers sold 6,476 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $21.00, for a total value of $135,996.00. Following the transaction, the insider now directly owns 61,952 shares in the company, valued at $1,300,992. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.81% of the stock is currently owned by company insiders.

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.