Perdoceo Education (NASDAQ:PRDO – Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03, FiscalAI reports. Perdoceo Education had a net margin of 21.06% and a return on equity of 19.48%. The company had revenue of $215.86 million for the quarter, compared to the consensus estimate of $211.07 million. During the same period last year, the company posted $0.60 EPS. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year.
Here are the key takeaways from Perdoceo Education’s conference call:
- Third-quarter net income rose to $44.4 million, or $0.70 per diluted share, while revenue increased 1.9% to $215.9 million. Adjusted operating income grew 8.4%, and year-to-date EPS was up 23.5%.
- Enrollment trends were favorable overall: total enrollment rose 1.6%, led by 7.5% growth at AIU System and 3.2% at St. Augustine, where revenue increased 9.8%. St. Augustine’s adjusted operating income also improved, supported by growth and operating efficiencies.
- Management raised its 2026 adjusted operating income outlook to $260 million–$263 million and expects fourth-quarter adjusted operating income of $56.9 million–$59.9 million. It expects full-year revenue growth and says St. Augustine and AIU System should contribute to operating income growth.
- The company ended the quarter with about $777 million in cash, restricted cash, and short-term investments, and continued returning capital through dividends and share repurchases. The proposed South University acquisition is expected to be funded with cash and contribute to adjusted operating income beginning in 2027, subject to closing conditions.
- CTU enrollment was relatively flat, and management expects it to remain so through year-end as record graduations and tough comparisons weigh on reported growth; it expects growth to resume in 2027. AIU System is also expected to report lower enrollment in the fourth quarter due to academic-calendar timing, while the outlook depends on assumptions about student demand, regulation, and legal costs.
Perdoceo Education Stock Up 1.2%
Shares of PRDO opened at $26.88 on Friday. The stock has a market cap of $1.68 billion, a PE ratio of 9.46, a PEG ratio of 0.57 and a beta of 0.76. Perdoceo Education has a 12-month low of $26.24 and a 12-month high of $38.50. The business has a 50-day simple moving average of $32.15 and a two-hundred day simple moving average of $33.27.
Perdoceo Education Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Friday, November 27th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Friday, November 27th. Perdoceo Education’s dividend payout ratio is presently 24.82%.
Insider Buying and Selling
In other news, CEO Todd Nelson sold 46,199 shares of Perdoceo Education stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $32.89, for a total transaction of $1,519,485.11. Following the transaction, the chief executive officer owned 301,782 shares in the company, valued at approximately $9,925,609.98. The trade was a 13.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Gregory L. Jackson sold 11,271 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $31.78, for a total value of $358,192.38. Following the completion of the sale, the chairman owned 64,949 shares in the company, valued at $2,064,079.22. This trade represents a 14.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.46% of the stock is owned by company insiders.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Perdoceo Education from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings restated a “buy (b)” rating on shares of Perdoceo Education in a research report on Thursday, October 15th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.00.
View Our Latest Research Report on Perdoceo Education
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.
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