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Barrington Reiterates Outperform on Perdoceo, Keeps $42 Price Target
Yahoo Finance· 2025-11-13 18:37
Core Viewpoint - Perdoceo Education Corporation (NASDAQ:PRDO) is highlighted as a strong investment opportunity in the EdTech sector, with Barrington Research maintaining an Outperform rating and a price target of $42 following the release of Q3 results [1][3]. Financial Performance - Revenue increased by 24.8% to $211.9 million, with earnings per share (EPS) reported at $0.60 GAAP and $0.65 adjusted, alongside an operating income of $51.0 million [2]. - The strong results were attributed to high prospective student interest, retention, and engagement, bolstered by investments in academics, technology, and support processes [2]. Enrollment and Acquisition Impact - The acquisition of the University of St. Augustine for Health Sciences (USAHS) contributed $38.0 million to Q3 revenue and added 4,420 enrollments, which were not present in the previous year [3]. - Total enrollments reached 46,520, reflecting a 15.1% increase, while the company ended the quarter with $668.6 million in cash and investments after returning $30.3 million through buybacks and dividends [3]. Company Overview - Perdoceo Education Corporation offers postsecondary programs through its institutions, including Colorado Technical University, American InterContinental University System, and USAHS, catering to career-focused learners in online and hybrid formats [4].