Perdoceo Q2 Revenue Hits $213.4M, Launches $100M Buyback and Hikes Dividend
PRDO sits 28% above its 52-week low of $26.655.
Summary
Perdoceo Education reported Q2 revenue of $213.4M, up 1.8% year-over-year, with GAAP EPS of $0.75 and adjusted EPS of $0.80. Total enrollments rose 0.7% YTD, led by a 6.0% increase at USAHS. The company announced a new $100M stock buyback program and a higher quarterly dividend, signaling strong capital returns. This follows the initial Q2 earnings report on August 6, adding granular enrollment data and capital allocation details. The buyback represents roughly 4.7% of the current market cap, a material return of capital to shareholders.
At the time of this announcement, PRDO was trading at $33.99 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $2.1B. The 52-week trading range was $26.66 to $38.50. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.