Welcome to our dedicated page for Perdoceo Education Corporation news (Ticker: PRDO), a resource for investors and traders seeking the latest updates and insights on Perdoceo Education Corporation stock.
Perdoceo Education Corporation (NASDAQ: PRDO) is a provider of postsecondary education programs through accredited institutions that offer fully online, campus-based and hybrid learning options. Its academic institutions – Colorado Technical University (CTU), the American InterContinental University System (AIUS) and the University of St. Augustine for Health Sciences (USAHS) – deliver associate through doctoral degree programs, as well as non-degree and professional development offerings.
This news page brings together coverage of Perdoceo’s announcements as a public company in the educational services sector. Readers can follow updates on quarterly and annual operating results, student enrollment trends across CTU, AIUS and USAHS, and management’s commentary on prospective student interest, student retention and engagement. The company regularly reports on revenue, operating income, adjusted operating income and earnings per diluted share in its press releases and related Form 8-K filings.
In addition to financial results, Perdoceo’s news flow includes information about its capital allocation activities, such as stock repurchase programs and cash dividend declarations, as well as the impact of acquisitions like the University of St. Augustine for Health Sciences on its academic portfolio. Updates may also cover board of directors changes and governance matters, including appointments of new directors with education and policy experience.
Because Perdoceo emphasizes technology-enabled education, news items can highlight developments in personalized learning technologies at CTU and AIUS, including use of the intellipath® learning platform and data analytics to support students. Investors and observers can use this page to monitor how the company’s institutions are performing and how management describes the operating environment, regulatory assumptions and outlook for its postsecondary education programs.
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.
Perdoceo Education (NASDAQ: PRDO), a postsecondary education provider, has announced its second quarter 2024 financial results conference call scheduled for July 31, 2024. The company will release its earnings report after market close, followed by a live conference call and webcast at 5:30 p.m. Eastern time. Investors and interested parties can access the webcast through the company's website or join via phone using the provided dial-in numbers. The call will discuss Q2 results and the company's 2024 outlook. An archived version of the webcast will be available for 90 days on Perdoceo's website in the Investor Relations section.
Perdoceo Education (NASDAQ: PRDO) has signed a definitive agreement to acquire the University of St. Augustine for Health Sciences (USAHS) for approximately $142-144 million in cash. The acquisition, expected to close in December 2024, is subject to regulatory approvals. USAHS, a leading graduate health sciences university, had revenues of about $170 million and served around 4,500 students in 2023.
Key points:
- Acquisition price: $142-144 million in cash
- Expected closing: December 2024
- USAHS 2023 revenue: ~$170 million
- USAHS 2023 operating income: ~$35 million
- USAHS student count: ~4,500
Perdoceo expects the acquisition to be accretive to adjusted operating income starting in 2025. The company affirmed its 2024 adjusted operating income outlook of $175-190 million.
Perdoceo Education (NASDAQ: PRDO) reported operating and financial results for the first quarter of 2024. Operating income increased by 6.8% to $46.3 million, while adjusted operating income decreased by 6.8% to $49.5 million. Revenue decreased by 14.0% to $168.3 million, but total student enrollments increased by 9.0%. The company ended the quarter with $642.4 million in cash and investments. Todd Nelson, the CEO, highlighted positive trends in student retention and engagement. The company remains focused on investing in student resources and technology.
Summary not available.