Perdoceo Education Co. Plans Quarterly Dividend of $0.13 (NASDAQ:PRDO)

Perdoceo Education Co. (NASDAQ:PRDO) announced a quarterly dividend on Monday, February 3rd,RTT News reports. Shareholders of record on Saturday, March 1st will be given a dividend of 0.13 per share on Thursday, March 13th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Friday, February 28th.

Perdoceo Education Stock Up 1.0 %

NASDAQ PRDO opened at $28.95 on Wednesday. Perdoceo Education has a twelve month low of $16.12 and a twelve month high of $29.47. The business’s fifty day moving average is $27.15 and its 200 day moving average is $24.38. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 14.55, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06.

Perdoceo Education (NASDAQ:PRDO) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.06. The company had revenue of $169.83 million for the quarter, compared to analysts’ expectations of $164.60 million. Perdoceo Education had a return on equity of 15.58% and a net margin of 20.42%. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.64 earnings per share. On average, research analysts anticipate that Perdoceo Education will post 2.27 earnings per share for the current fiscal year.

Insider Activity

In other Perdoceo Education news, Director Patrick W. Gross sold 3,400 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $26.74, for a total transaction of $90,916.00. Following the transaction, the director now owns 69,635 shares in the company, valued at approximately $1,862,039.90. This represents a 4.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP John Robert Kline sold 30,574 shares of Perdoceo Education stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $26.47, for a total transaction of $809,293.78. Following the transaction, the senior vice president now owns 130,405 shares of the company’s stock, valued at $3,451,820.35. This represents a 18.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 58,594 shares of company stock worth $1,541,396 in the last quarter. 1.81% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

PRDO has been the topic of several analyst reports. StockNews.com raised shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 29th. Barrington Research lifted their price objective on Perdoceo Education from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th.

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.