Perdoceo Education (NASDAQ:PRDO) Issues FY 2024 Earnings Guidance

Perdoceo Education (NASDAQ:PRDO) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 2.250-2.280 for the period, compared to the consensus estimate of 2.190. The company issued revenue guidance of -. Perdoceo Education also updated its Q4 guidance to $0.43-0.46 EPS.

Analyst Ratings Changes

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

Perdoceo Education Price Performance

Perdoceo Education stock traded down $0.56 during mid-day trading on Tuesday, hitting $24.87. The company’s stock had a trading volume of 491,598 shares, compared to its average volume of 463,365. Perdoceo Education has a 52-week low of $16.12 and a 52-week high of $26.40. The firm’s 50 day moving average is $21.89 and its 200 day moving average is $22.25. The company has a market cap of $1.63 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 0.76 and a beta of 1.04.

Insider Activity at Perdoceo Education

In related news, insider Michele A. Peppers sold 6,476 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $21.00, for a total value of $135,996.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.81% of the stock is currently owned by 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.