• Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans

Subscribe to Updates

Get the latest finance news and updates directly to your inbox.

Top News

New Bill Would Eliminate Income Taxes on Home Sales

July 12, 2025

Are You a Big, Beautiful Winner or Loser Under Trump’s Tax Law?

July 12, 2025

Americans now view this figure as the benchmark for being wealthy

July 11, 2025
Facebook Twitter Instagram
Trending
  • New Bill Would Eliminate Income Taxes on Home Sales
  • Are You a Big, Beautiful Winner or Loser Under Trump’s Tax Law?
  • Americans now view this figure as the benchmark for being wealthy
  • 10 AI-Proof Jobs With Highest Pay, Fastest Growth
  • Photos: Allen & Co. Sun Valley Billionaire Summer Camp
  • Nvidia CEO Jensen Huang Now as Wealthy as Warren Buffett
  • Using Legal Authority Over An Aging Parent
  • Ford Recalls 850,000 Vehicles: What It Means for Your Safety and Your Finances
Saturday, July 12
Facebook Twitter Instagram
FintechoPro
Subscribe For Alerts
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans
FintechoPro
Home » Perdoceo Education (PRDO) Initiates Dividend, Stock Soars
Investing

Perdoceo Education (PRDO) Initiates Dividend, Stock Soars

News RoomBy News RoomAugust 5, 20230 Views0
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email Tumblr Telegram

Perdoceo Education (PRDO) blew away all expectations with its quarterly report last night. Indeed, driven by contributions from its recent acquisitions of Coding Dojo and California Southern University and the further improvement in student retention and engagement that’s been supported by various operating changes and technology upgrades within PRDO’s onboarding, academic and student support processes, Q2 revenue climbed 11.3% from the prior year to $186.6 million, which easily beat the $179.4 million analyst forecast. And with PRDO also continuing to do an excellent job enhancing operating efficiencies in admissions and marketing, adjusted earnings jumped 45.2% to 61 cents per share, which was 9 cents better than expected.

This solid operating performance also allowed PRDO to produce a whopping $60.0 million in free cash flow during the quarter and increase its cash pile by about the same amount to $578.1 million, which translates into a ridiculous $8.44 in net cash per share or still more than half of its current share price even after today’s substantial bounce of more than 14%. The good news is that the company finally decided to do something substantial with this bounty by declaring an inaugural quarterly cash dividend of 11 cents per share. On an annual basis, this indicates a nice yield of 2.8%. This could finally draw more attention to the stock’s perpetually cheap valuation—which continues to trade at less than 9 times even the low end of PRDO’s updated full-year adjusted earnings per share outlook of $1.85-1.92 (up from its prior view of $1.68-1.86)—by income-seeking investors. If so, I see substantial additional upside for the stock ahead.

Julius Juenemann, CFA is the equity analyst and associate editor of the Forbes Special Situation Survey and Forbes Investor investment newsletters. Perdoceo Education (PRDO) is a current recommendation in the Forbes Investor. To access this and the other stocks being recommended through the Forbes Investor, click here to subscribe.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

Photos: Allen & Co. Sun Valley Billionaire Summer Camp

Investing July 11, 2025

What My First Failed Startup Taught Me — and How I Finally Got It Right 20 Years Later

Investing July 10, 2025

He Went From Customer to CEO of 16 Handles

Investing July 9, 2025

Barbara Corcoran Retains Staff With Wild Perks, No Turnover

Investing July 8, 2025

Jack Dorsey Announces Bitchat Messaging App

Investing July 7, 2025

101 Small Business Ideas to Match Your Personality, Investment, Skills & Goals

Investing July 6, 2025
Add A Comment

Leave A Reply Cancel Reply

Demo
Top News

Are You a Big, Beautiful Winner or Loser Under Trump’s Tax Law?

July 12, 20250 Views

Americans now view this figure as the benchmark for being wealthy

July 11, 20250 Views

10 AI-Proof Jobs With Highest Pay, Fastest Growth

July 11, 20250 Views

Photos: Allen & Co. Sun Valley Billionaire Summer Camp

July 11, 20250 Views
Don't Miss

Nvidia CEO Jensen Huang Now as Wealthy as Warren Buffett

By News RoomJuly 11, 2025

Nvidia CEO Jensen Huang, 62, has reached the same amount of wealth as Warren Buffett.Huang…

Using Legal Authority Over An Aging Parent

July 11, 2025

Ford Recalls 850,000 Vehicles: What It Means for Your Safety and Your Finances

July 11, 2025

Mark Cuban Says AI Will Mint a Trillionaire. Start Your Climb Here

July 11, 2025
Facebook Twitter Instagram Pinterest Dribbble
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
© 2025 FintechoPro. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.