学生注册和学习体验 - 公司的两个主要学院CTU和AIUS提供从副学士到博士学位的学academic项目，以及非学位和专业发展项目[106,107] - 公司在2024年第二季度总学生注册人数同比增长4.2%,其中CTU增长14.7%,AIUS下降18.2%[111] - 公司将继续投资于提升学习体验和学生支持功能的技术,并专注于发展企业合作项目[111] 财务表现 - 2024年全年收入预计将有所下降,主要由于AIUS在2023年第四季度才恢复正常运营,以及CTU简化了专业发展项目的影响[111] - 2024年第二季度营业收入同比下降10.6%,主要是CTU下降5.4%和AIUS下降19.9%[112] - 2024年第二季度调整后营业利润为5090万美元,同比下降7.8%[113,114] - 2024年第二季度调整后每股收益为0.60美元,同比基本持平[115,116] - 总收入较上年同期下降10.6%或1.98亿美元，以及12.3%或4.72亿美元[126] - 教育服务和设施费用较上年同期下降16.0%或520万美元，以及13.9%或920万美元[128] - 广告和营销费用较上年同期下降10.5%或270万美元，以及17.1%或980万美元[129] - 招生费用较上年同期下降14.4%或340万美元，以及17.2%或850万美元[129] - 行政费用较上年同期下降7.2%或310万美元，以及13.6%或1200万美元[129] - 坏账费用较上年同期下降25.6%或210万美元，以及33.3%或630万美元[131] - 本季度营业利润下降4.3%或210万美元，而年度营业利润增长0.9%或900万美元[133] - 本季度所得税有效税率为27.5%，而年度有效税率为26.4%[134] - 本季度净利润下降29.7%或1.62亿美元，而年度净利润下降12.7%或1.13亿美元[124] 学院运营情况 - 第二季度和年初至今CTU收入分别下降5.4%和7.1%，主要受专业发展项目变化影响[143] - 第二季度和年初至今AIUS收入分别下降19.9%和21.5%，主要受学生总数下降18.2%影响[144] - CTU第二季度和年初至今营业利润分别增长6.0%和1.1%，AIUS分别下降24.3%和23.6%[143][144] - 2024年7月16日,高等教育委员会决定继续AIUS的认证,下次认证将于2033-2034年进行[120] 财务状况 - 公司现金、现金等价物和可供出售的短期投资总额为6.752亿美元[146] - 公司批准了一项新的5000万美元股票回购计划[146] - 学生应收款净额增加19%，主要受CTU和AIUS学期时间影响[151][153] - 应付工资及相关福利减少23%，主要由于支付了上年度的年度奖金[152][154] - 递延收入增加49%，主要受CTU和AIUS学期时间影响[152][154] 风险管理 - 公司面临利率变动的市场风险，但采取了多种风险管理措施[155] - 即使采取风险缓释策略，公司仍可能遭受投资损失或投资收益下降[155] - 即使利率上涨或下降10%,也不会对公司未来收益、公允价值或现金流产生重大影响[156] - 公司有一笔浮动利率的信贷额度,但目前并未动用[156] - 公司认为其金融工具面临的利率变动风险并不重大[156]

财务业绩 - 总学生注册人数增加4.2%，其中CTU增加14.7%，AIUS减少18.2%[7][8] - 收入同比下降10.6%至1.667亿美元，主要由于AIUS去年的运营变化造成的滞后影响[5][6] - 经营利润同比下降4.3%至4,600万美元，调整后经营利润同比下降7.8%至5,090万美元[10][11][13][15] - 每股收益为0.57美元，调整后每股收益为0.60美元，分别较上年同期下降28.8%和1.6%[17][18][20][21] - 公司2024年第二季度总收入为1.667亿美元[46] - 公司2024年第二季度营业利润为4,600.6万美元，占总收入的27.6%[47] - 公司2024年第二季度净利润为3,842.9万美元，占总收入的23.0%[47] - 公司2024年第二季度每股基本收益为0.59美元，每股摊薄收益为0.57美元[48] - 2024财年总收入为3.35亿美元，较2023财年下降12.3%[59] - 2024财年运营收入为9,228.4万美元，占总收入的27.5%，较2023财年增长0.9%[60,61] - 2024财年每股摊薄收益为1.16美元，较2023财年下降10.8%[54] 分部业绩 - 2024财年CTU分部收入为2.26亿美元，占总收入的67.6%，AIUS分部收入为1.08亿美元，占总收入的32.3%[59] - 2024财年CTU分部运营利润为8,504.6万美元，AIUS分部运营利润为2,221.2万美元[60,61] 现金流和资产负债 - 经营活动产生的现金流同比下降37.5%至3,850万美元[26][29] - 公司2024年6月30日现金及现金等价物、受限现金和短期投资总额为6.752亿美元[43] - 公司2024年6月30日总资产为10.782亿美元[45] - 公司2024年6月30日总负债为1.787亿美元[44,45] - 公司2024年6月30日股东权益为8.995亿美元[45] - 2024财年现金及现金等价物余额为1.29亿美元，较2023财年增加9,868万美元[57] 股息和收购 - 公司宣布将每股季度股息增加18.2%至0.13美元[24] - 公司宣布以1.42亿至1.44亿美元现金收购圣奥古斯丁健康科学大学(USAHS)，预计将为公司带来增长和多元化[25] 未来展望 - 公司预计第三季度和全年的经营利润和调整后每股收益将在一定范围内[30][31] - 2024财年调整后每股摊薄收益为1.21美元，较2023财年增长1.7%[64,65] - 2024财年第四季度预计每股摊薄收益为2.04-2.16美元[67,68] - 2024财年预计调整后每股摊薄收益为2.13-2.25美元[67,68] - 2024财年预计运营收入为1.62-1.73亿美元[63] 非GAAP财务指标 - 公司使用非GAAP财务指标以了解其运营业绩[1] - 公司调整后的营业收入和每股摊薄收益可以分析和评估其运营情况，并与同行业公司进行比较[1] - 公司认为调整的项目不是正常的经营费用[1] - 公司过去发生的法律费用与应对学生贷款豁免申请和收购活动有关[2] - 公司出售LCB商标产生的非现金收益[3] - 调整项目的税务影响按25%的税率计算[4]

Perdoceo Education Corporation (PRDO) inked a definitive agreement to acquire full ownership of the University of St. Augustine for Health Sciences, LLC (USAHS). The acquisition, likely to be valued at $142-$144 million, is set to be completed by December 2024.Founded in 1979, USAHS is one of the nation’s leading universities known for its graduate health sciences degrees in physical therapy, occupational therapy, speech-language therapy, nursing and continuing education programs. The university operates ca ...

Investors interested in Schools stocks are likely familiar with Perdoceo Education (PRDO) and Grand Canyon Education (LOPE) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revisi ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a v ...

Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.Inves ...

Investors with an interest in Schools stocks have likely encountered both Perdoceo Education (PRDO) and Grand Canyon Education (LOPE) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earning ...

Perdoceo Education Corporation (NASDAQ:PRDO) Q1 2024 Earnings Conference Call May 1, 2024 5:30 PM ET Company Participants Sam Gibbons - Investor Relations, Alpha IR Group Todd Nelson - President and Chief Executive Officer Ashish Ghia - Chief Financial Officer Conference Call Participants Operator Thank you for standing by. My name is Kathleen, and I will be your conference operator today. At this time, I would like to welcome everyone to the Perdoceo Education Corporation First Quarter 2024 Earnings Confer ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number: 0-23245 PERDOCEO EDUCATION CORPORATION (Exact name of registrant as specified in its charter) Delaware 36-3932190 (State or other j ...