Perdoceo Education (NASDAQ:PRDO) Releases Fourth Quarter 2022 Earnings Guidance


Perdoceo Education (NASDAQ: PRDOGet a rating) released an update to its earnings guidance for the fourth quarter of 2022 Monday morning. The company provided EPS guidance of $0.22 to $0.25 for the period, compared to the consensus estimate of EPS of $0.24. The company released a revenue forecast of -. Perdoceo Education also updated its guidance for fiscal year 2022 to $1.37 – $1.40 EPS.

Pricing performance of Perdoceo Education

Shares of PRDO action opened at $14.10 on Monday. The company’s 50-day simple moving average is $11.36 and its 200-day simple moving average is $11.51. Perdoceo Education has a one-year minimum of $9.65 and a one-year maximum of $14.71. The stock has a market capitalization of $947.10 million, a PE ratio of 9.40, a PEG ratio of 0.59 and a beta of 1.14.

Changes to analyst ratings

Several analysts have recently commented on PRDO shares. Barrington Research reiterated an outperformance rating on Perdoceo Education shares in a Tuesday, August 9 report. StockNews.com assumed the cover of Perdoceo Education in a report on Wednesday, October 12. They set a strong buy rating on the stock. Finally, TheStreet upgraded Perdoceo Education from a b- to an ac rating in a Monday, October 3 report.

Insiders place their bets

In other news, please John-Robert Kline sold 36,774 shares of the company in a transaction that took place on Friday, October 28. The stock was sold at an average price of $11.49, for a total transaction of $422,533.26. As a result of the transaction, the senior vice president now directly owns 161,998 shares of the company, valued at $1,861,357.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available via the SEC website. In other news, please John-Robert Kline sold 36,774 shares of the company in a transaction that took place on Friday, October 28. The stock was sold at an average price of $11.49, for a total transaction of $422,533.26. As a result of the transaction, the senior vice president now directly owns 161,998 shares of the company, valued at $1,861,357.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available via the SEC website. Additionally, Chairman Todd S. Nelson sold 25,000 shares of the company in a transaction that took place on Wednesday, October 12. The stock was sold at an average price of $10.30, for a total value of $257,500.00. Following the transaction, the president now directly owns 986,417 shares of the company, valued at $10,160,095.10. Disclosure of this sale can be found here. In the past three months, insiders have sold 139,399 shares of the company worth $1,490,695. Company insiders hold 2.89% of the company’s shares.

Institutional investors weigh in on Perdoceo Education

A number of institutional investors and hedge funds have recently bought and sold shares of PRDO. Advisor Group Holdings Inc. increased its position in Perdoceo Education by 642.9% in Q1. Advisor Group Holdings Inc. now owns 25,794 shares of the company valued at $358,000 after purchasing an additional 22,322 shares in the last quarter. JPMorgan Chase & Co. increased its position in Perdoceo Education by 12.4% in the 1st quarter. JPMorgan Chase & Co. now owns 885,128 shares of the company valued at $10,160,000 after purchasing an additional 97,699 shares in the last quarter. Citigroup Inc. increased its position in Perdoceo Education shares by 2.0% in the 1st quarter. Citigroup Inc. now owns 68,899 shares of the company valued at $791,000 after purchasing an additional 1,331 shares in the last quarter. MetLife Investment Management LLC increased its position in Perdoceo Education shares by 55.4% in the 1st quarter. MetLife Investment Management LLC now owns 38,316 shares of the company valued at $440,000 after purchasing an additional 13,662 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Perdoceo Education shares by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 60,438 shares of the company valued at $694,000 after purchasing an additional 7,452 shares in the last quarter. 95.31% of the shares are held by hedge funds and other institutional investors.

Company Profile Perdoceo Education

(Get a rating)

Perdoceo Education Corporation provides post-secondary education through online, on-campus, 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, from project management, cybersecurity, and criminal justice, as well as business studies, information technology, education, and health sciences.

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