Grand Canyon Education (NASDAQ:LOPE) Issues Q4 Earnings Guidance

Grand Canyon Education (NASDAQ:LOPE) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.86-$2.89 for the period, compared to the consensus estimate of $2.91. The company issued revenue guidance of $289-$290 million, compared to the consensus revenue estimate of $289.30 million. Grand Canyon Education also updated its FY 2024 guidance to 8.020-8.050 EPS.

Grand Canyon Education Trading Up 5.5 %

NASDAQ LOPE traded up $8.98 on Friday, reaching $172.52. 495,741 shares of the company were exchanged, compared to its average volume of 181,000. The business’s fifty day moving average price is $139.96 and its 200 day moving average price is $141.66. The stock has a market capitalization of $5.08 billion, a P/E ratio of 23.38, a price-to-earnings-growth ratio of 1.15 and a beta of 0.70. Grand Canyon Education has a fifty-two week low of $118.48 and a fifty-two week high of $172.88.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.46 by $0.02. The firm had revenue of $238.30 million for the quarter, compared to analyst estimates of $239.69 million. Grand Canyon Education had a net margin of 21.88% and a return on equity of 31.49%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.26 EPS. Equities research analysts forecast that Grand Canyon Education will post 7.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

LOPE has been the subject of a number of recent research reports. Robert W. Baird lifted their price target on shares of Grand Canyon Education from $170.00 to $186.00 and gave the stock an “outperform” rating in a research note on Thursday. BMO Capital Markets increased their target price on Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a report on Thursday. Barrington Research upped their price objective on Grand Canyon Education from $165.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, StockNews.com raised Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Thursday.

Insider Activity at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $141.23, for a total value of $211,845.00. Following the sale, the chief technology officer now owns 22,674 shares of the company’s stock, valued at $3,202,249.02. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company 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.