Q3 2022 Earnings Estimate for Perdoceo Education Co. Issued By Barrington Research (NASDAQ:PRDO)

Perdoceo Education Co. (NASDAQ:PRDO – Get Rating) – Research analysts at Barrington Research lifted their Q3 2022 earnings estimates for shares of Perdoceo Education in a research report issued on Tuesday, August 9th. Barrington Research analyst A. Paris. Jr now anticipates that the company will post earnings of $0.29 per share for the quarter, up from their previous estimate of $0.28. Barrington Research currently has a “Outperform” rating on the stock. The consensus estimate for Perdoceo Education’s current full-year earnings is $1.38 per share. Barrington Research also issued estimates for Perdoceo Education’s FY2022 earnings at $1.45 EPS.

Perdoceo Education (NASDAQ:PRDO – Get Rating) last released its earnings results on Monday, August 8th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.05. Perdoceo Education had a net margin of 16.03% and a return on equity of 19.23%. The company had revenue of $167.68 million during the quarter, compared to the consensus estimate of $163.08 million. During the same quarter in the previous year, the firm earned $0.41 EPS. The company’s revenue was down 4.5% on a year-over-year basis.

A number of other research analysts have also issued reports on PRDO. TheStreet raised shares of Perdoceo Education from a “c+” rating to a “b” rating in a research note on Tuesday, July 19th. StockNews.com lowered shares of Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research note on Wednesday.

Perdoceo Education Stock Up 0.7 %

Perdoceo Education stock opened at $12.30 on Wednesday. The firm has a 50-day moving average price of $11.84 and a two-hundred day moving average price of $11.25. The firm has a market capitalization of $845.98 million, a price-to-earnings ratio of 7.83, a PEG ratio of 0.63 and a beta of 1.09. Perdoceo Education has a 52-week low of $9.65 and a 52-week high of $13.89.

Institutional Trading of Perdoceo Education

Large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Perdoceo Education by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 5,930,315 shares of the company’s stock valued at $68,079,000 after purchasing an additional 158,927 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Perdoceo Education by 8.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,508,521 shares of the company’s stock valued at $40,279,000 after purchasing an additional 283,804 shares during the period. State Street Corp boosted its holdings in Perdoceo Education by 3.1% in the 1st quarter. State Street Corp now owns 2,718,932 shares of the company’s stock valued at $31,213,000 after purchasing an additional 81,711 shares during the period. Polaris Capital Management LLC raised its stake in shares of Perdoceo Education by 221.2% in the 2nd quarter. Polaris Capital Management LLC now owns 2,489,694 shares of the company’s stock valued at $56,217,000 after buying an additional 1,714,494 shares in the last quarter. Finally, Private Management Group Inc. raised its stake in shares of Perdoceo Education by 0.4% in the 2nd quarter. Private Management Group Inc. now owns 1,433,092 shares of the company’s stock valued at $16,882,000 after buying an additional 6,327 shares in the last quarter. 88.00% of the stock is owned by institutional investors.

Insider Buying and Selling at Perdoceo Education

In other Perdoceo Education news, SVP Elise Baskel sold 6,199 shares of the business’s stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $10.68, for a total value of $66,205.32. Following the completion of the sale, the senior vice president now directly owns 62,848 shares of the company’s stock, valued at $671,216.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Perdoceo Education news, SVP Elise Baskel sold 6,199 shares of the business’s stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $10.68, for a total value of $66,205.32. Following the completion of the sale, the senior vice president now directly owns 62,848 shares of the company’s stock, valued at $671,216.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas B. Lally sold 21,129 shares of the business’s stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $10.93, for a total transaction of $230,939.97. Following the completion of the sale, the director now directly owns 59,552 shares of the company’s stock, valued at $650,903.36. The disclosure for this sale can be found here. Company insiders own 2.89% of the company’s stock.

About Perdoceo Education

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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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