Phoenix Education Partners, Inc. (NYSE:PXED) Increases Dividend to $0.23 Per Share

Phoenix Education Partners, Inc. (NYSE:PXED) declared a quarterly dividend on Thursday, October 29th. Shareholders of record on Friday, November 13th will be given a dividend of $0.23 per share on Friday, November 27th. This represents a $0.92 annualized dividend and a yield of 4.8%. The ex-dividend date is Friday, November 13th. This is a 9.5% increase from Phoenix Education Partners’s previous quarterly dividend of $0.21.

Phoenix Education Partners Price Performance

Phoenix Education Partners stock traded down $0.04 during trading hours on Wednesday, reaching $19.18. 10,601 shares of the stock were exchanged, compared to its average volume of 104,497. The stock has a 50 day moving average of $25.13 and a two-hundred day moving average of $28.58. The company has a market cap of $703.71 million and a P/E ratio of 8.38. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.15. Phoenix Education Partners has a twelve month low of $18.80 and a twelve month high of $35.90.

Phoenix Education Partners (NYSE:PXED) last announced its earnings results on Tuesday, November 3rd. The company reported $1.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.07. The business had revenue of $260.68 million during the quarter. Phoenix Education Partners had a return on equity of 55.76% and a net margin of 8.74%. Equities analysts expect that Phoenix Education Partners will post 3.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Wall Street Zen raised shares of Phoenix Education Partners from a “hold” rating to a “buy” rating in a research note on Saturday. Barrington Research lowered Phoenix Education Partners from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 4th. B. Riley Financial downgraded shares of Phoenix Education Partners from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $44.00 to $25.00 in a research note on Wednesday, November 4th. Weiss Ratings lowered Phoenix Education Partners from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Finally, Zacks Research lowered Phoenix Education Partners from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $31.67.

About Phoenix Education Partners

Phoenix Education Partners, Inc. is a higher education company focused on serving working adults and other nontraditional students. Through the University of Phoenix, its principal operating institution, the company provides career-oriented undergraduate and graduate degree programs, professional certificates, and other educational offerings. The University of Phoenix primarily delivers instruction through online learning, with programs designed to offer flexible scheduling for students balancing education with employment and other responsibilities.