Perdoceo Education Corporation Stock Price, News & Analysis

Perdoceo Education (NASDAQ: PRDO), a postsecondary education programs provider, has announced its upcoming first quarter 2025 financial results release and conference call schedule. The company will disclose its Q1 2025 results and 2025 outlook after market close on Thursday, May 1, 2025, followed by a conference call at 5:00 p.m. Eastern time.

Stakeholders can participate through multiple channels: via webcast at perdoceoed.com's Investor Relations section, or by dialing 1-800-715-9871 (domestic) or 1-646-307-1963 (international) using access code 4671240. The webcast recording will remain accessible for 90 days in the Investor Relations section.

Perdoceo Education (NASDAQ: PRDO) reported its Q4 and full-year 2024 results, showing mixed performance. Total student enrollments increased significantly, with CTU up 8.1% and AIUS up 11.8%. The company completed the acquisition of USAHS in December 2024.

For full-year 2024, revenue decreased 4.0% to $681.3 million, while operating income increased 15.8% to $174.3 million. Earnings per diluted share were $2.19 compared to $2.18 in 2023.

Q4 2024 showed stronger performance with revenue increasing 19.3% to $176.4 million and operating income rising 133.2% to $37.2 million. The company ended the quarter with $591.5 million in cash and equivalents. The board declared a quarterly dividend of $0.13 per share, payable March 13, 2025.

Perdoceo Education (NASDAQ: PRDO) has appointed Hanna Skandera to its Board of Directors following a board vote on February 3, 2025, to expand from eight to nine seats. Skandera currently serves as president and CEO of the Daniels Fund, a $1.7 billion philanthropic organization.

Skandera brings significant educational leadership experience, having served as Secretary of Education in New Mexico, where she managed a $2.7 billion budget, as well as holding positions as Undersecretary for California Governor Schwarzenegger and Deputy Commissioner for Florida Governor Jeb Bush. She has also served as Deputy Chief of Staff and Senior Policy Advisor at the U.S. Department of Education.

Her academic background includes roles as visiting professor at Pepperdine School of Public Policy, Distinguished Teaching Fellow at Harvard Kennedy School, and research fellow at Stanford University's Hoover Institution.

Perdoceo Education (NASDAQ: PRDO) has announced it will release its fourth quarter and full year 2024 financial results after market close on Tuesday, February 18, 2025. The company will host a conference call and webcast at 5:00 p.m. Eastern time to discuss the results and provide its 2025 outlook.

Investors can access the live webcast through the company's website at www.perdoceoed.com in the Investor Relations section, or join via phone by dialing 1-800-715-9871 (domestic) or 1-646-307-1963 (international) using access code 4671240. The webcast recording will remain accessible for 90 days on the company's website.

Perdoceo Education (NASDAQ: PRDO) has announced a quarterly dividend declaration of $0.13 per share of common stock. The dividend will be paid on March 13, 2025, to shareholders of record as of March 1, 2025. The company notes that future cash dividend payments will be subject to board approval and will depend on various factors including available retained earnings and financial condition.

Perdoceo Education (NASDAQ: PRDO) has completed its acquisition of University of St. Augustine for Health Sciences (USAHS) for approximately $138M in cash. USAHS, founded in 1979, is a leading provider of graduate health sciences degrees with campuses across California, Florida, and Texas. For the nine months ended September 30, 2024, USAHS reported unaudited revenues of $114M, operating income of $10.5M, and served about 4,100 students. The acquisition is expected to be accretive to Perdoceo's adjusted operating income starting in 2025. Perdoceo maintains its 2024 adjusted operating income outlook of $188-191M.

Perdoceo Education (NASDAQ: PRDO) reported Q3 2024 results with mixed performance. Total student enrollments increased 11.0%, with CTU up 13.6% and AIUS up 4.0%. Despite enrollment growth, revenue decreased 5.6% to $169.8 million due to operational changes. Operating income rose 4.0% to $44.8 million, while adjusted operating income increased 2.8% to $48.6 million. Earnings per diluted share were $0.57, down from $0.62 in the prior year. The company ended Q3 with $722.6 million in cash and investments, and declared a quarterly dividend of $0.13 per share.

Perdoceo Education (NASDAQ: PRDO), a postsecondary education provider, has announced its plans to report third quarter 2024 financial results after market close on Tuesday, November 12, 2024. The company will host a live conference call and webcast at 5:00 p.m. Eastern time to discuss the results and its 2024 outlook.

Interested parties can access the live webcast at www.perdoceoed.com in the Investor Relations section. Participants can also join via phone by dialing 1-800-715-9871 (domestic) or 1-646-307-1963 (international) using the access code 4671240. An alternative link to join the call is provided. Attendees are advised to connect at least 10 minutes before the start time. An archived version of the webcast will be available for 90 days on the company's website.

Perdoceo Education (NASDAQ: PRDO) reported Q2 2024 results with a 4.2% increase in total student enrollments, driven by a 14.7% increase at CTU, partially offset by an 18.2% decrease at AIUS. Revenue decreased 10.6% to $166.7 million, while operating income decreased 4.3% to $46.0 million. Adjusted earnings per diluted share were $0.60 compared to $0.61 in the prior year quarter. The company ended Q2 with $675.2 million in cash and investments. The Board increased the quarterly dividend by 18.2% to $0.13 per share. Perdoceo also announced an agreement to acquire the University of St. Augustine for Health Sciences for approximately $142-144 million, expecting it to be accretive to adjusted operating income in 2025.