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SCHAUMBURG, Ill. - Perdoceo Education (NASDAQ:PRDO) Corporation (NASDAQ: PRDO), which operates postsecondary education programs and maintains a robust market capitalization of $1.87 billion, has expanded its Board of Directors with the appointment of Hanna Skandera, as announced on Monday. The decision came after the Board’s vote on February 3, 2025, to increase the number of board seats from eight to nine. According to InvestingPro analysis, the company demonstrates strong financial health with an impressive gross profit margin of 83.46% and minimal debt exposure.
Skandera brings a wealth of experience in education and public policy to the board. She is the president and CEO of the Daniels Fund, a philanthropic organization with assets of $1.7 billion focused on empowering individuals to reach their full potential. The Fund’s initiatives include providing grants, launching the National Civics Bee, and awarding college scholarships to emerging leaders.
Her background includes significant roles in government and education. As the Secretary of Education for New Mexico, Skandera oversaw substantial improvements in academic achievement and managed a budget of $2.7 billion. She has also held positions under California Governor Schwarzenegger, Florida Governor Jeb Bush, and at the U.S. Department of Education.
In academia, Skandera has been recognized for her contributions as a visiting professor and research fellow at prestigious institutions such as the Pepperdine School of Public Policy, Harvard Kennedy School, and the Hoover Institution at Stanford University. Her appointment comes at a time when Perdoceo shows strong financial performance, with InvestingPro data revealing a remarkable 65.84% return over the past year and the stock trading near its 52-week high of $29.46.
Greg Jackson, Chairman of the Board of Directors at Perdoceo, expressed enthusiasm for Skandera’s addition to the board, citing her proven leadership and expertise in education as assets that will provide invaluable experience and insight.
Perdoceo Education Corporation oversees accredited academic institutions like Colorado Technical University, the American InterContinental University System, and the University of St. Augustine for Health Sciences. These institutions offer a range of degree and non-degree programs catering to the needs of today’s adults, emphasizing industry relevance and career focus.
This expansion of Perdoceo’s Board of Directors is based on a press release statement and reflects the company’s commitment to enhancing its governance with skilled professionals. With the company’s next earnings report scheduled for February 19, 2025, investors seeking deeper insights can access comprehensive analysis and additional ProTips through InvestingPro’s detailed research reports, which cover over 1,400 US stocks including PRDO.
In other recent news, Perdoceo Education Corporation reported strong third-quarter results in 2024, surpassing expectations with a net income of $38.3 million and adjusted earnings of $0.59 per share, notably higher than the projected $0.52 to $0.54 range. The company also saw significant enrollment increases at Colorado Technical University and the American InterContinental University System. Alongside these developments, Perdoceo announced plans for the acquisition of the University of St. Augustine, which is expected to enhance the company’s offerings and contribute positively to operating income from 2025.
Moreover, the company declared a quarterly cash dividend of $0.13 per share. However, Perdoceo emphasized that decisions regarding future dividends would depend on its financial health, retained earnings, and other factors as determined by the board of directors. These are among the recent developments for Perdoceo Education Corporation, reflecting their strong financial performance and strategic expansion initiatives.
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