$33.900
+0.081 (+0.24%)At close
PRDO News
PRDO Events
Perdoceo Education Acquires 100% Membership Interests of South University
Perdoceo Education announced that it has entered into a definitive agreement to acquire 100% of the membership interests of South University Savannah from South University - Member. The material terms of the transaction are described in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission today. Completion of the acquisition is subject to customary closing conditions, regulatory approvals and accreditor approvals. The Company expects to complete the acquisition as early as April 2027. Following the closing, South will operate as a for-profit institution. To acquire 100% ownership of South, Perdoceo expects to pay cash consideration as follows: Approximately $130M- $140M at closing after adjustments for cash, net working capital, and certain debt-like items agreed upon, in each case based on South's balance sheet as of beginning of April 2027, as well as indebtedness and Seller transaction expenses outstanding at closing; $18M of deferred consideration in installments over 24 months following closing; and Up to $56M of earn-out payments tied to specified EBITDA thresholds for fiscal years 2027, 2028 and 2029.
Perdoceo Expects Full Year Adjusted Operating Income of $258M-$263M
Perdoceo remains on track to achieve its full year adjusted operating income outlook of $258M-$263M, as provided in the Company's previous quarterly earnings release, subject to the assumptions and factors set forth therein.
Perdoceo Sees Q2 Adjusted EPS of 79-80 Cents
Perdoceo sees Q2 adjusted EPS 79c-80c, one estimate 76c
Academic Institutions Q1 Revenue Reaches $221.7M
Reports Q1 revenue $221.7M vs $213M last year. "First quarter results were ahead of our expectations which we believe continue to underscore the operating strength and value proposition of our academic institutions," said Todd Nelson, President and Chief Executive Officer. "During the quarter, our academic institutions continued to generate strong levels of prospective student interest, while student retention and engagement trended near multi-year highs. We remain optimistic for 2026 and will continue to make selective investments that, we believe, will further improve academic outcomes and student experiences."
Major Indices Retreat as Utilities Shine
After two days of gains, major indices turned lower on Thursday as investors rotated toward the safety of high-yielding Utilities - by far the best performing sector over the past week - as well as US Treasuries. The Energy and Industrials sectors also outperformed thanks to Oil prices topping $66.50 per barrel - the highest level since mid-2025 - as well as strength in Aerospace and Defense names amid growing concerns about potential military action by U.S. forces against Iran. Meanwhile, cyclically-oriented Financials, Consumer Discretionary, and Tech traded relatively softer.In the opening hour of the evening session, equity futures are little changed, with mixed sentiment emerging from the afterhours earnings reports. In Infrastructure Software, Akamaifell despite beating Q4 estimates due to soft guidance. In Home Improvement however, Floor & Decorrallied over 5% on better than feared results. Investors will also tune in to Friday's release of PCE inflation data that will hopefully echo the retreat seen in CPI figures and further appease Fed policy board members whose inflation worries tilted the last Fed meeting minutes more hawkishly.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -JAKKS Pacificup 12.3%Opendoor Technologiesup 12.3%Workivaup 9.7%Perdoceo Educationup 7.4%Floor & Decorup 5.2%Texas Roadhouseup 3.0%AMN Healthcare Servicesup 3.8%Live Nationup 2.7%DOWN AFTER EARNINGS -GRAILdown 48.2%Akamaidown 8.1%Copartdown 7.8%AXTdown 6.0%Sprouts Farmers Marketdown 1.2%
This page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.