Perdoceo Education Corporation (NASDAQ:PRDO – Get Free Report) announced a quarterly dividend on Thursday, November 5th. Investors of record on Friday, November 27th will be given a dividend of $0.17 per share on Tuesday, December 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, November 27th.
Perdoceo Education has a dividend payout ratio of 27.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Perdoceo Education to earn $3.30 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 20.6%.
Perdoceo Education Stock Down 11.5%
Shares of NASDAQ:PRDO opened at $26.55 on Friday. The company has a market cap of $1.66 billion, a PE ratio of 9.69, a P/E/G ratio of 0.64 and a beta of 0.76. The company’s 50-day moving average price is $32.29 and its 200 day moving average price is $33.29. Perdoceo Education has a fifty-two week low of $26.41 and a fifty-two week high of $38.50.
Perdoceo Education (NASDAQ:PRDO – Get Free Report) last posted its earnings results on Thursday, November 5th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.74 by $0.03. Perdoceo Education had a net margin of 20.62% and a return on equity of 18.93%. The firm had revenue of $215.86 million during the quarter, compared to analysts’ expectations of $211.07 million. During the same quarter in the prior year, the firm earned $0.60 EPS. Perdoceo Education’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, equities analysts anticipate that Perdoceo Education will post 3.13 EPS for the current year.
Perdoceo Education Company Profile
Perdoceo Education Corporation (NASDAQ: PRDO) is a provider of postsecondary education focused primarily on online learning. Through its institutions, the company offers career-oriented academic programs designed for working adults and other nontraditional students.
Perdoceo’s education brands include American InterContinental University and Colorado Technical University, which offer associate, bachelor’s, master’s and doctoral degree programs in areas such as business, information technology, healthcare, criminal justice and engineering.
Recommended Stories
- Five stocks we like better than Perdoceo Education
- 3 Dividend ETFs Offer Different Ways to Navigate the Post-Election Sell-Off
- Riot’s $28B Lease Shows Why Location and Contracts Matter in AI
- These 3 Underperforming Stocks Are Seeing Notable CEO Insider Trades
- GE Aerospace Has a $170 Billion Backlog, But Is the Stock Worth the Premium?
Receive News & Ratings for Perdoceo Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perdoceo Education and related companies with MarketBeat.com's FREE daily email newsletter.
