PRDO - Perdoceo Education Corp Stock Price, Fair Value and News

23.91USD-0.01 (-0.04%)Delayed as of 08 May 2024, 02:05 pm ET

Market Summary

USD23.91-0.01

Delayedas of 08 May 2024, 02:05 pm

-0.04%

PRDO Alerts

1 major insider sales recently.

Big fall in Revenue (Y/Y)

PRDO Stock Price

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PRDO RSI Chart

PRDO Valuation

Market Cap

1.6B

Price/Earnings (Trailing)

10.28

Price/Sales (Trailing)

2.3

EV/EBITDA

-13.63

Price/Free Cashflow

9.69

PRDO Price/Sales (Trailing)

PRDO Profitability

EBT Margin

-13.83%

Return on Equity

17.62%

Return on Assets

14.51%

Free Cashflow Yield

10.32%

PRDO Fundamentals

PRDO Revenue

Revenue (TTM)

682.7M

Rev. Growth (Yr)

-13.97%

Rev. Growth (Qtr)

13.75%

PRDO Earnings

Earnings (TTM)

152.6M

Earnings Growth (Yr)

14.38%

Earnings Growth (Qtr)

129.47%

Breaking Down PRDO Revenue

52 Week Range

11.6224.42

(Low)(High)

Last 7 days

30.7%

Last 30 days

37.6%

Last 90 days

37.1%

Trailing 12 Months

97.4%

How does PRDO drawdown profile look like?

PRDO Financial Health

Current Ratio

4.95

PRDO Investor Care

Dividend Yield

0.92%

Dividend/Share (TTM)

0.22

Buy Backs (1Y)

2.78%

Diluted EPS (TTM)

2.27

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	682.7M	0	0	0
2023	707.8M	726.7M	738.2M	710.0M
2022	692.4M	684.5M	678.9M	695.2M
2021	700.0M	699.5M	704.3M	693.0M
2020	640.8M	660.4M	674.6M	687.3M
2019	591.1M	605.5M	614.8M	627.7M
2018	582.4M	578.2M	578.9M	581.3M
2017	667.6M	631.2M	608.6M	596.4M
2016	819.1M	784.9M	749.1M	704.4M
2015	900.6M	888.7M	864.8M	847.3M
2014	851.4M	867.6M	895.8M	914.0M
2013	1.2B	1.1B	943.6M	839.7M
2012	1.7B	1.6B	1.5B	1.3B
2011	2.1B	2.1B	2.0B	1.9B
2010	1.9B	2.0B	2.0B	2.1B
2009	1.7B	1.7B	1.8B	1.8B
2008	0	0	0	1.7B

Get all data in R, Python etc through our Historical Stock Data APIs

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Tracking the Latest Insider Buys and Sells of Perdoceo Education Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 26, 2024	ghia ashish r	sold	-216,828	19.00	-11,412	cfo
Mar 28, 2024	nelson todd s	sold	-29,709	17.79	-1,670	president and ceo
Mar 27, 2024	nelson todd s	sold	-283,200	17.7	-16,000	president and ceo
Mar 26, 2024	nelson todd s	sold	-283,840	17.74	-16,000	president and ceo
Mar 25, 2024	nelson todd s	sold	-284,320	17.77	-16,000	president and ceo
Mar 22, 2024	nelson todd s	sold	-284,320	17.77	-16,000	president and ceo
Mar 21, 2024	nelson todd s	sold	-282,400	17.65	-16,000	president and ceo
Mar 20, 2024	nelson todd s	sold	-276,960	17.31	-16,000	president and ceo
Mar 19, 2024	nelson todd s	sold	-275,680	17.23	-16,000	president and ceo
Mar 14, 2024	baskel elise	sold (taxes)	-98,058	17.7	-5,540	svp, ctu

Which funds bought or sold PRDO recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 06, 2024	LSV ASSET MANAGEMENT	added	59.41	12,663,000	33,978,000	0.07%
May 06, 2024	Parallel Advisors, LLC	reduced	-2.19	-1,387	62,092	-%
May 06, 2024	TEXAS PERMANENT SCHOOL FUND CORP	added	1.31	13,047	1,009,510	0.01%
May 06, 2024	Gallacher Capital Management LLC	new	-	537,415	537,415	0.27%
May 06, 2024	NEW YORK LIFE INVESTMENT MANAGEMENT LLC	reduced	-21.65	-97,774	353,764	-%
May 06, 2024	Empowered Funds, LLC	added	2.59	202,414	8,016,650	0.14%
May 06, 2024	Advisory Services Network, LLC	sold off	-100	-2,423	-	-%
May 06, 2024	HighTower Advisors, LLC	added	39.67	204,000	721,000	-%
May 06, 2024	TEACHER RETIREMENT SYSTEM OF TEXAS	added	92.89	2,030,000	4,215,000	0.03%
May 03, 2024	SIGNATUREFD, LLC	reduced	-7.4	-3,969	49,642	-%

Are Funds Buying or Selling PRDO?

Are funds buying PRDO calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own PRDO

No. of Funds

Unveiling Perdoceo Education Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	renaissance technologies llc	6.85%	4,502,587	SC 13G/A
Feb 13, 2024	vanguard group inc	8.91%	5,850,998	SC 13G/A
Feb 09, 2024	dimensional fund advisors lp	7.7%	5,064,870	SC 13G/A
Jan 22, 2024	blackrock inc.	16.6%	10,904,290	SC 13G/A
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

Recent SEC filings of Perdoceo Education Corp

View All Filings

Date Filed	Form Type	Document
May 01, 2024	10-Q	Quarterly Report
May 01, 2024	8-K	Current Report
Apr 30, 2024	4	Insider Trading
Apr 26, 2024	144	Notice of Insider Sale Intent
Apr 12, 2024	DEF 14A	DEF 14A
Apr 12, 2024	DEFA14A	DEFA14A
Apr 01, 2024	144	Notice of Insider Sale Intent
Mar 29, 2024	4	Insider Trading
Mar 28, 2024	144	Notice of Insider Sale Intent
Mar 27, 2024	144	Notice of Insider Sale Intent

Peers (Alternatives to Perdoceo Education Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MID-CAP
LOPE	4.2B	985.4M	5.58%	25.07%	19.49	4.22	7.43%	14.39%
GHC	3.3B	4.5B	-1.40%	29.87%	12	0.73	12.24%	1069.12%
LRN	3.1B	2.0B	17.04%	74.82%	16.88	1.57	9.97%	65.59%
STRA	3.0B	1.2B	17.09%	45.78%	29.37	2.56	9.72%	169.91%
LAUR	2.5B	1.5B	6.61%	32.30%	19.84	1.63	17.48%	41.53%
COUR	1.5B	657.2M	-30.06%	-14.41%	-14.33	2.3	19.28%	37.77%
SMALL-CAP
ATGE	2.4B	1.5B	24.54%	51.90%	21.63	1.54	6.35%	38.51%
CHGG	517.2M	703.0M	-28.75%	-49.70%	35.49	0.74	-6.54%	-94.46%
LINC	374.2M	394.2M	17.06%	92.69%	14.45	0.95	11.65%	111.32%
APEI	266.8M	605.3M	14.60%	179.45%	-5.66	0.44	0.67%	63.07%

Perdoceo Education Corp News

Latest updates

Perdoceo Education Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	13.8%	168	148	180	187	196	176	168	168	183	160	174	176	184	171	169	176	171	158	155	156	158
Operating Expenses	-7.6%	122	132	137	138	152	153	139	134	139	125	136	140	143	135	137	139	134	126	131	156	128
S&GA Expenses	-100.0%	-	93.00	92.00	101	113	115	104	101	106	95.00	106	107	110	102	105	106	104	99.00	103	129	99.00
EBITDA Margin	-6.6%	-0.12*	-0.11*	-0.10*	-0.10*	-0.10*	-0.11*	-0.11*	-0.11*	-0.11*	-0.11*	-0.11*	-0.11*	-	-	-	-	-	-	-	-	-
Interest Expenses	188.8%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.04	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income Taxes	158.4%	13.00	5.00	7.00	20.00	13.00	8.00	9.00	9.00	12.00	10.00	10.00	9.00	10.00	10.00	-7.21	10.00	10.00	6.00	8.00	2.00	6.00
EBT Margin	-4.0%	-0.14*	-0.13*	-0.13*	-0.13*	-0.13*	-0.14*	-0.14*	-0.14*	-0.14*	-0.14*	-0.13*	-0.14*	-	-	-	-	-	-	-	-	-
Net Income	129.5%	39.00	17.00	41.00	55.00	34.00	16.00	22.00	26.00	32.00	24.00	28.00	27.00	31.00	27.00	40.00	28.00	29.00	28.00	18.00	-0.56	25.00
Net Income Margin	7.5%	0.22*	0.21*	0.20*	0.18*	0.14*	0.14*	0.15*	0.16*	0.16*	0.16*	0.16*	0.18*	-	-	-	-	-	-	-	-	-
Free Cashflow	313.1%	54.00	13.00	31.00	60.00	3.00	39.00	52.00	31.00	21.00	46.00	60.00	37.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	4.4%	1,052	1,007	1,026	1,014	963	957	899	856	844	847	836	786	750	722	684	655	607	599	599	562	530
Current Assets	7.8%	706	655	670	643	585	575	582	572	556	554	537	549	506	467	417	394	332	360	353	321	282
Cash Equivalents	6.6%	126	118	166	141	90.00	109	147	149	190	320	266	87.00	86.00	106	58.00	92.00	38.00	109	47.00	51.00	39.00
Inventory	-15.0%	4.00	5.00	2.00	3.00	4.00	2.00	2.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00
Net PPE	-2.0%	21.00	21.00	24.00	24.00	26.00	26.00	26.00	27.00	28.00	28.00	26.00	25.00	26.00	28.00	29.00	28.00	28.00	26.00	27.00	28.00	28.00
Goodwill	0%	241	241	241	244	244	244	184	22.00	163	163	163	118	118	118	118	118	119	87.00	87.00	87.00	-
Current Liabilities	28.3%	143	111	139	161	135	163	140	110	110	140	134	118	103	104	98.00	110	92.00	104	132	128	93.00
Shareholder's Equity	2.9%	866	841	830	792	761	726	706	693	678	650	645	614	588	556	522	479	445	431	402	381	380
Retained Earnings	6.7%	513	481	471	437	382	348	332	310	284	252	228	200	173	142	115	75.00	47.00	18.00	-9.44	-27.68	-27.12
Additional Paid-In Capital	0.5%	699	695	692	689	687	684	681	679	677	674	670	666	662	658	651	647	643	639	634	631	630
Accumulated Depreciation	3.2%	61.00	59.00	61.00	59.00	57.00	54.00	119	116	117	114	111	108	105	101	102	99.00	96.00	93.00	197	195	193
Shares Outstanding	0.1%	66.00	66.00	66.00	66.00	67.00	67.00	68.00	68.00	69.00	70.00	70.00	70.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	650	-	-	-	650	-	-	-	720	-	-	-	923	-	-	-	1,133	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	313.1%	54,492	13,192	32,613	61,648	4,572	40,546	52,861	32,625	22,154	46,910	61,461	38,037	44,708	42,203	32,389	60,596	44,768	-12,306	31,977	40,469	12,945
Share Based Compensation	61.7%	2,307	1,427	2,336	2,021	2,294	2,517	1,918	1,900	2,416	3,685	3,857	3,677	3,753	3,644	3,232	3,291	3,212	5,352	1,516	1,037	1,369
Cashflow From Investing	46.3%	-30,801	-57,315	-721	-9,112	-21,358	-71,043	-46,110	-62,684	-146,914	30,006	118,621	-31,660	-62,643	1,581	-65,958	-7,591	-93,940	47,044	-7,023	-28,205	-4,117
Cashflow From Financing	-44.8%	-15,881	-10,971	-7,786	-1,848	-2,777	70.00	-7,380	-11,654	-8,765	-23,333	170	-5,065	-1,718	3,780	153	599	-17,583	-3,475	1,016	41.00	-2,423
Dividend Payments	-	7,197	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Buy Backs	21.5%	6,769	5,572	-	1,914	815	-	7,447	11,842	3,828	19,924	-	-	-	-	553	-	17,309	-	-	-	-

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PRDO Income Statement

2024-03-31

Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands

3 Months Ended

Mar. 31, 2024

Mar. 31, 2023

REVENUE:

Total revenue

$ 168,264

$ 195,598

OPERATING EXPENSES:

Educational services and facilities

29,858

33,851

General and administrative

87,482

112,686

Depreciation and amortization

3,016

5,155

Asset impairment

1,630

570

Total operating expenses

121,986

152,262

Operating income

46,278

43,336

OTHER INCOME:

Interest income

6,793

3,818

Interest expense

(335)

(95)

Miscellaneous income (expense)

115

(6)

Total other income

6,573

3,717

PRETAX INCOME

52,851

47,053

Provision for income taxes

13,409

12,569

NET INCOME

$ 39,442

$ 34,484

NET INCOME PER SHARE - BASIC:

$ 0.60

$ 0.51

NET INCOME PER SHARE - DILUTED:

$ 0.59

$ 0.5

WEIGHTED AVERAGE SHARES OUTSTANDING:

Basic

65,555

67,235

Diluted

66,841

68,514

Tuition and Fees, Net [Member]

REVENUE:

Total revenue

$ 166,998

$ 193,319

Other [Member]

REVENUE:

Total revenue

^[1]

$ 1,266

$ 2,279

[1]	Other revenue primarily includes contract training revenue and miscellaneous non-student related revenue.

PRDO Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands

Mar. 31, 2024

Dec. 31, 2023

CURRENT ASSETS:

Cash and cash equivalents, unrestricted

$ 125,807

$ 118,009

Restricted cash

1,024

1,012

Total cash, cash equivalents and restricted cash

126,831

119,021

Short-term investments

515,602

485,135

Total cash and cash equivalents, restricted cash and short-term investments

642,433

604,156

Student receivables, gross

77,410

64,011

Allowance for credit losses

(35,468)

(34,613)

Student receivables, net

41,942

29,398

Receivables, other

5,289

4,539

Prepaid expenses

11,912

11,712

Inventories

4,251

5,004

Other current assets

196

155

Total current assets

706,023

654,964

NON-CURRENT ASSETS:

Property and equipment, net of accumulated depreciation of $60,694 and $58,785 as of March 31, 2024 and December 31, 2023, respectively

20,938

21,371

Right of use asset, net

13,963

19,096

Goodwill

241,162

Intangible assets, net of amortization of $24,720 and $23,612 as of March 31, 2024 and December 31, 2023, respectively

35,110

36,219

Student receivables, gross

7,946

7,028

Allowance for credit losses

(3,086)

(3,169)

Student receivables, net

4,860

3,859

Deferred income tax assets, net

23,063

23,804

Other assets

6,846

6,841

TOTAL ASSETS

^[1]

1,051,965

1,007,316

CURRENT LIABILITIES:

Lease liability-operating

5,989

5,701

Accounts payable

11,830

10,766

Accrued expenses:

Payroll and related benefits

18,726

32,684

Advertising and marketing costs

6,810

7,196

Income taxes

16,543

3,974

Other

21,112

13,503

Deferred revenue

61,498

37,215

Total current liabilities

142,508

111,039

NON-CURRENT LIABILITIES:

Lease liability-operating

16,701

21,346

Other liabilities

26,650

33,510

Total non-current liabilities

43,351

54,856

Commitments and Contingencies (Note 8)

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; 90,907,065 and 90,270,306 shares issued, 65,602,629 and 65,544,539 shares outstanding as of March 31, 2024 and December 31, 2023, respectively

909

903

Additional paid-in capital

698,619

694,798

Accumulated other comprehensive loss

(1,620)

(666)

Retained earnings

512,622

480,606

Treasury stock, at cost; 25,304,436 and 24,725,767 shares as of March 31, 2024 and December 31, 2023, respectively

(344,424)

(334,220)

Total stockholders' equity

866,106

841,421

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

$ 1,051,965

$ 1,007,316

[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.

About Perdoceo Education Corp

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 The American InterContinental University System. 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. The company was formerly known as Career Education Corporation and changed its name to Perdoceo Education Corporation in January 2020. The company was incorporated in 1994 and is based in Schaumburg, Illinois.

CEO	Mr. Andrew H. Hurst
WEBSITE	perdoceoed.com
INDUSTRY	Education & Training Services
EMPLOYEES	2400

Perdoceo Education Corp Frequently Asked Questions

What is the ticker symbol for Perdoceo Education Corp? What does PRDO stand for in stocks?

PRDO is the stock ticker symbol of Perdoceo Education Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Perdoceo Education Corp (PRDO)?

As of Tue May 07 2024, market cap of Perdoceo Education Corp is 1.57 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of PRDO stock?

You can check PRDO's fair value in chart for subscribers.

What is the fair value of PRDO stock?

You can check PRDO's fair value in chart for subscribers. The fair value of Perdoceo Education Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Perdoceo Education Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for PRDO so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Perdoceo Education Corp a good stock to buy?

The fair value guage provides a quick view whether PRDO is over valued or under valued. Whether Perdoceo Education Corp is cheap or expensive depends on the assumptions which impact Perdoceo Education Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for PRDO.

What is Perdoceo Education Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 07 2024, PRDO's PE ratio (Price to Earnings) is 10.28 and Price to Sales (PS) ratio is 2.3. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. PRDO PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Perdoceo Education Corp's stock?

In the past 10 years, Perdoceo Education Corp has provided 0.178 (multiply by 100 for percentage) rate of return.