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

Perdoceo Education Co. (NASDAQ:PRDO) announced a quarterly dividend on Monday, February 3rd, RTT News reports. Investors of record on Saturday, March 1st will be paid 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 2.04%. The ex-dividend date is Friday, February 28th.

Perdoceo Education Trading Down 2.4 %

PRDO opened at $25.49 on Wednesday. The company has a quick ratio of 5.45, a current ratio of 4.84 and a debt-to-equity ratio of 0.01. The stock’s fifty day moving average is $27.29 and its two-hundred day moving average is $24.84. The company has a market capitalization of $1.68 billion, a P/E ratio of 11.59, a PEG ratio of 0.75 and a beta of 1.06. Perdoceo Education has a 52 week low of $16.56 and a 52 week high of $29.84.

Perdoceo Education (NASDAQ:PRDO) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. Perdoceo Education had a return on equity of 16.85% and a net margin of 21.66%. The firm had revenue of $176.43 million for the quarter, compared to analyst estimates of $160.12 million. Analysts forecast that Perdoceo Education will post 2.41 earnings per share for the current year.

Insider Activity at Perdoceo Education

In related news, CEO Todd S. Nelson sold 12,472 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $26.29, for a total transaction of $327,888.88. Following the completion of the transaction, the chief executive officer now owns 615,697 shares in the company, valued at $16,186,674.13. The trade was a 1.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP John Robert Kline sold 12,148 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $25.79, for a total transaction of $313,296.92. Following the sale, the senior vice president now directly owns 130,405 shares of the company’s stock, valued at $3,363,144.95. The trade was a 8.52 % decrease in their position. The disclosure for this sale can be found here. 1.81% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

PRDO has been the subject of several research reports. Barrington Research upped their price target on shares of Perdoceo Education from $32.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. StockNews.com raised shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 11th.

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.