Grand Canyon Education (NASDAQ:LOPE) Issues Earnings Results, Beats Estimates By $0.02 EPS

Grand Canyon Education (NASDAQ:LOPE) issued its earnings results on Wednesday. The company reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.93 by $0.02, Zacks reports. Grand Canyon Education had a return on equity of 31.01% and a net margin of 22.09%.

Grand Canyon Education Price Performance

Shares of LOPE opened at $184.02 on Thursday. Grand Canyon Education has a 12 month low of $126.17 and a 12 month high of $185.66. The stock has a market cap of $5.36 billion, a PE ratio of 24.18, a P/E/G ratio of 1.40 and a beta of 0.74. The stock’s 50-day moving average is $170.10 and its two-hundred day moving average is $154.97.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on LOPE shares. Barrington Research reiterated an “outperform” rating and issued a $180.00 target price on shares of Grand Canyon Education in a report on Monday, January 27th. StockNews.com cut Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Robert W. Baird boosted their price objective on Grand Canyon Education from $170.00 to $186.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, BMO Capital Markets boosted their price objective on Grand Canyon Education from $152.00 to $173.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th.

Insider Transactions at Grand Canyon Education

In other news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $166.07, for a total transaction of $249,105.00. Following the sale, the chief technology officer now directly owns 21,174 shares of the company’s stock, valued at approximately $3,516,366.18. The trade was a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.