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Perdoceo Education Corporation Stock Research

PRDO

12.24USD-0.06(-0.49%)Delayedas of 24 May 2023, 03:04 pm

Market Summary

USD12.24-0.06
Delayedas of 24 May 2023, 03:04 pm
-0.49%

PRDO Alerts

PRDO Stock Price

PRDO RSI Chart

PRDO Valuation

Market Cap

830.0M

Price/Earnings (Trailing)

8.45

Price/Sales (Trailing)

1.17

Price/Free Cashflow

6.35

PRDO Price/Sales (Trailing)

PRDO Profitability

Return on Equity

13.21%

Return on Assets

10.01%

Free Cashflow Yield

15.74%

PRDO Fundamentals

PRDO Revenue

Revenue (TTM)

707.8M

Revenue Y/Y

6.91%

Revenue Q/Q

11.04%

PRDO Earnings

Earnings (TTM)

98.3M

Earnings Y/Y

7.5%

Earnings Q/Q

116.13%

Price Action

52 Week Range

9.8715.65
(Low)(High)

Last 7 days

3.1%

Last 30 days

-8.4%

Last 90 days

-11.5%

Trailing 12 Months

19.3%

PRDO Financial Health

Current Ratio

3.52

PRDO Investor Care

Buy Backs (1Y)

1.89%

Diluted EPS (TTM)

1.42

Peers (Alternatives to Perdoceo Education Corporation)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
14.8B
14.1B
-10.49% 19.54%
7.53
1.04
29.94% 24.85%
11.6B
4.2B
-10.72% 64.48%
-50.81
2.74
6.20% 65.33%
MID-CAP
9.9B
4.0B
-9.47% -6.97%
20.08
2.45
-3.65% -38.18%
9.7B
2.8B
-5.97% -0.64%
28.96
3.44
29.86% 54.02%
6.7B
3.5B
-14.84% -11.88%
12.03
1.92
- -
4.8B
2.1B
9.66% -4.70%
69.7
2.29
15.83% -16.16%
4.5B
6.4B
-14.68% -18.89%
20.2
0.7
8.41% 79.53%
3.4B
917.3M
-7.64% 21.56%
18.23
3.7
1.50% -22.44%
2.9B
4.0B
-1.14% -1.19%
43.01
0.74
19.27% -92.70%
1.9B
1.1B
-15.43% 27.92%
51.79
1.83
-3.36% -28.41%
1.1B
752.3M
-48.76% -48.59%
4.3
1.5
-3.57% 278.74%
SMALL-CAP
1.9B
1.4B
4.08% 33.86%
23.32
1.29
15.91% -74.83%
1.8B
1.8B
9.58% 12.28%
16.09
0.99
11.06% 24.63%
830.0M
707.8M
-8.42% 19.32%
8.45
1.17
2.24% -11.44%
119.4M
601.3M
-3.82% -53.34%
-0.94
0.2
23.97% -951.72%

Financials for Perdoceo Education Corporation

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue1.8%708695679685692
Operating Expenses2.3%579566537534540
  S&GA Expenses1.5%433426407409415
Interest Expenses-2.0%0.000.000.001.001.00
Net Income2.5%98.0096.00104110111
Net Income Margin-10.3%0.14*0.15*0.16*0.16*-
Free Cahsflow-4.1%148155163169-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets0.6%963957899856844
  Current Assets1.8%585575582572556
    Cash Equivalents-17.9%90.00109147149190
  Inventory97.7%4.002.002.001.001.00
  Net PPE-1.1%26.0026.0026.0027.0028.00
  Goodwill0.2%24424418422.00163
  Current Liabilities-17.3%135163140110110
Shareholder's Equity4.9%761726706693678
  Retained Earnings9.9%382348332310284
  Additional Paid-In Capital0.4%687684681679677
Accumulated Depreciation4.5%57.0054.00119116117
Shares Outstanding0.5%67.0067.0067.0068.0069.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations-11.9%131148155163169
  Share Based Compensation-1.4%9.009.0010.0012.0014.00
Cashflow From Investing38.4%-201-326-225-60.97-29.95
Cashflow From Financing21.6%-21.74-27.73-51.13-43.58-36.99
  Buy Backs-13.0%20.0023.0043.0036.0032.00

Risks for PRDO

What is the probability of a big loss on PRDO?

90.8%


Probability that Perdoceo Education Corporation stock will be more than 20% underwater in next one year

51.9%


Probability that Perdoceo Education Corporation stock will be more than 30% underwater in next one year.

19.6%


Probability that Perdoceo Education Corporation stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does PRDO drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Perdoceo Education Corporation was unfortunately bought at previous high price.

Drawdowns

Returns for PRDO

Cumulative Returns on PRDO

14.8%


10-Year Cumulative Returns

10.9%


7-Year Cumulative Returns

-3.6%


5-Year Cumulative Returns

-8.8%


3-Year Cumulative Returns

What are the long-term rolling returns for PRDO?

FIve years rolling returns for Perdoceo Education Corporation.

Annualized Returns

Which funds bought or sold PRDO recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-05-22
AMERIPRISE FINANCIAL INC
added
4.37
88,414
10,236,400
-%
2023-05-22
Raleigh Capital Management Inc.
new
-
3,237
3,237
-%
2023-05-22
American Trust
reduced
-2.03
-13,771
244,157
0.02%
2023-05-22
PUTNAM INVESTMENTS LLC
reduced
-4.04
-93,250
1,186,240
-%
2023-05-18
JPMORGAN CHASE & CO
reduced
-16.36
-887,000
3,730,000
-%
2023-05-18
NEW YORK STATE COMMON RETIREMENT FUND
reduced
-17.58
-521,000
2,036,000
-%
2023-05-17
Advisory Services Network, LLC
reduced
-98.58
-45,281
631
-%
2023-05-17
Thrivent Financial for Lutherans
reduced
-3.39
-64,000
894,000
-%
2023-05-17
B. Riley Wealth Advisors, Inc.
sold off
-100
-235,501
-
-%
2023-05-16
MERCER GLOBAL ADVISORS INC /ADV
unchanged
-
-9,000
255,000
-%

1–10 of 46

Latest Funds Activity

Are funds buying PRDO calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own PRDO
No. of Funds

Perdoceo Education Corporation News

Zacks Investment Research
PRDO or STRA: Which Is the Better Value Stock Right Now?.
Zacks Investment Research,
4 hours ago
Digital Journal
Education & Training Market By 2031.
Digital Journal,
33 hours ago
Zacks Investment Research
Herald & Review

Schedule 13G FIlings of Perdoceo Education Corporation

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2023
renaissance technologies llc
6.50%
4,367,987
SC 13G/A
Feb 10, 2023
dimensional fund advisors lp
6.8%
4,590,973
SC 13G
Feb 09, 2023
vanguard group inc
8.62%
5,792,684
SC 13G/A
Jan 23, 2023
blackrock inc.
16.5%
11,080,151
SC 13G/A
Feb 11, 2022
renaissance technologies llc
6.68%
4,679,987
SC 13G/A
Feb 09, 2022
fmr llc
-
0
SC 13G/A
Jan 27, 2022
blackrock inc.
16.5%
11,533,620
SC 13G/A
Jan 26, 2022
blackrock inc.
16.5%
11,533,620
SC 13G
Feb 16, 2021
frontier capital management co llc
0.0%
0
SC 13G/A
Feb 12, 2021
dimensional fund advisors lp
4.7%
3,269,714
SC 13G/A

PRDO Fair Value

Perdoceo Education Corporation fair value in different scenarios

The table shows the Fair Value estimates for Perdoceo Education Corporation for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

10.78

-11.93%

13.43

9.72%

17.62

43.95%

25.87

111.36%

31.16

154.58%
Current Inflation

10.08

-17.65%

12.42

1.47%

16.02

30.88%

22.98

87.75%

27.46

124.35%
Very High Inflation

9.20

-24.84%

11.15

-8.91%

14.07

14.95%

19.58

59.97%

23.14

89.05%

Historical Perdoceo Education Corporation Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Perdoceo Education Corporation

View All Filings
Date Filed Form Type Document
May 12, 2023
144
Notice of Insider Sale Intent
May 12, 2023
4
Insider Trading
May 11, 2023
144
Notice of Insider Sale Intent
May 04, 2023
10-Q
Quarterly Report
May 04, 2023
8-K
Current Report
Apr 19, 2023
4
Insider Trading
Apr 17, 2023
144
Notice of Insider Sale Intent
Apr 11, 2023
DEF 14A
DEF 14A
Apr 11, 2023
DEFA14A
DEFA14A
Apr 11, 2023
ARS
ARS

Latest Insider Trading transactions for PRDO

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-05-12
Czeszewski David C.
sold
-137,567
11.89
-11,570
svp, cio
2023-05-11
Czeszewski David C.
sold
-140,169
12.01
-11,671
svp, cio
2023-04-17
Kline John Robert
sold
-134,300
13.43
-10,000
svp, aiu
2023-03-23
NELSON TODD S
sold
-171,878
12.97
-13,252
executive chairman
2023-03-22
NELSON TODD S
sold
-333,500
13.34
-25,000
executive chairman
2023-03-21
NELSON TODD S
sold
-332,750
13.31
-25,000
executive chairman
2023-03-20
NELSON TODD S
sold
-331,500
13.26
-25,000
executive chairman
2023-03-14
Kline John Robert
sold (taxes)
-100,716
13.37
-7,533
svp, aiu
2023-03-14
Peppers Michele A
sold (taxes)
-35,390
13.37
-2,647
principal accounting officer
2023-03-14
Ghia Ashish R
sold (taxes)
-198,651
13.37
-14,858
cfo

1–10 of 50

Andrew H. Hurst
4300
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. The company also operates intellipath, a personalized learning platform; and a mobile application and two-way messaging platform. As of December 31, 2021, it had a total student enrollment of approximately 40,400 students. The company was formerly known as Career Education Corporation and changed its name to Perdoceo Education Corporation in January 2020. Perdoceo Education Corporation was incorporated in 1994 and is based in Schaumburg, Illinois.

PRDO Income Statement

2023-03-31
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
REVENUE:  
Total revenue$ 195,598$ 182,959
OPERATING EXPENSES:  
Educational services and facilities33,85128,088
General and administrative112,686106,296
Depreciation and amortization5,1554,882
Asset impairment570 
Total operating expenses152,262139,266
Operating income43,33643,693
OTHER INCOME:  
Interest income3,818333
Interest expense(95)(103)
Miscellaneous expense(6)(89)
Total other income3,717141
PRETAX INCOME47,05343,834
Provision for income taxes12,56911,756
NET INCOME$ 34,484$ 32,078
NET INCOME PER SHARE - BASIC:$ 0.51$ 0.47
NET INCOME PER SHARE - DILUTED:$ 0.50$ 0.46
WEIGHTED AVERAGE SHARES OUTSTANDING:  
Basic67,23568,746
Diluted68,51469,567
Tuition and Fees, Net [Member]  
REVENUE:  
Total revenue$ 193,319$ 181,327
Other [Member]  
REVENUE:  
Total revenue[1]$ 2,279$ 1,632
[1]Other revenue primarily includes contract training revenue and miscellaneous non-student related revenue.

PRDO Balance Sheet

2023-03-31
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:  
Cash and cash equivalents, unrestricted$ 89,845$ 109,408
Restricted cash9,4769,476
Total cash, cash equivalents and restricted cash99,321118,884
Short-term investments420,943399,315
Total cash and cash equivalents, restricted cash and short-term investments520,264518,199
Student receivables, gross84,90181,197
Allowance for credit losses(39,912)(38,646)
Student receivables, net44,98942,551
Receivables, other4,3093,457
Prepaid expenses11,3838,411
Inventories3,7651,904
Other current assets735597
Total current assets585,445575,119
NON-CURRENT ASSETS:  
Property and equipment, net of accumulated depreciation of $56,702 and $54,238 as of March 31, 2023 and December 31, 2022, respectively25,75226,038
Right of use asset, net24,27726,156
Goodwill243,941243,540
Intangible assets, net of amortization of $18,604 and $15,981 as of March 31, 2023 and December 31, 2022, respectively50,94153,564
Student receivables, gross5,4996,345
Allowance for credit losses(4,032)(4,495)
Student receivables, net1,4671,850
Deferred income tax assets, net24,30924,613
Other assets6,8806,488
TOTAL ASSETS[1]963,012957,368
CURRENT LIABILITIES:  
Lease liability-operating6,0436,555
Accounts payable15,17813,518
Accrued expenses:  
Payroll and related benefits22,44840,306
Advertising and marketing costs7,6548,977
Income taxes20,0797,814
Other19,02714,621
Deferred revenue44,71071,590
Total current liabilities135,139163,381
NON-CURRENT LIABILITIES:  
Lease liability-operating25,83727,286
Other liabilities40,86440,856
Total non-current liabilities66,70168,142
STOCKHOLDERS' EQUITY:  
Preferred stock, $0.01 par value; 1,000,000 shares authorized; none issued or outstanding
Common stock, $0.01 par value; 300,000,000 shares authorized; 89,923,857 and 89,396,192 shares issued, 67,477,996 and 67,175,485 shares outstanding as of March 31, 2023 and December 31, 2022, respectively899894
Additional paid-in capital686,719684,183
Accumulated other comprehensive loss(4,121)(5,447)
Retained earnings382,323347,839
Treasury stock, at cost; 22,445,861 and 22,220,707 shares as of March 31, 2023 and December 31, 2022, respectively(304,648)(301,624)
Total stockholders' equity761,172725,845
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY$ 963,012$ 957,368
[1]Total assets are presented on a condensed consolidated basis and do not include intercompany receivable or payable activity between institutions and corporate and investments in subsidiaries.