Grand Canyon Education (NASDAQ:LOPE) Releases Q4 2024 Earnings Guidance

Grand Canyon Education (NASDAQ:LOPE) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 2.840-2.970 for the period. The company issued revenue guidance of $286.5 million-$291.5 million. Grand Canyon Education also updated its FY 2024 guidance to 7.850-8.040 EPS.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Barrington Research increased their price target on Grand Canyon Education from $160.00 to $165.00 and gave the company an outperform rating in a research note on Wednesday, May 8th. Robert W. Baird increased their price target on Grand Canyon Education from $165.00 to $170.00 and gave the company an outperform rating in a research note on Wednesday, May 8th. Finally, BMO Capital Markets increased their price target on Grand Canyon Education from $155.00 to $160.00 and gave the company an outperform rating in a research note on Tuesday, May 28th.

Grand Canyon Education Stock Performance

LOPE stock traded up $0.05 during midday trading on Tuesday, reaching $147.39. 190,484 shares of the company traded hands, compared to its average volume of 190,875. Grand Canyon Education has a 52-week low of $107.99 and a 52-week high of $157.53. The business has a 50 day moving average of $143.77 and a 200-day moving average of $137.53. The firm has a market capitalization of $4.38 billion, a price-to-earnings ratio of 20.61, a P/E/G ratio of 1.31 and a beta of 0.66.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.13. Grand Canyon Education had a return on equity of 31.81% and a net margin of 21.66%. The business had revenue of $274.68 million for the quarter, compared to the consensus estimate of $272.42 million. During the same period in the prior year, the business posted $2.00 earnings per share. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. Research analysts anticipate that Grand Canyon Education will post 7.8 earnings per share for the current year.

Insider Transactions at Grand Canyon Education

In other news, insider Kathy J. Claypatch sold 1,500 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $149.20, for a total value of $223,800.00. Following the sale, the insider now directly owns 8,320 shares in the company, valued at $1,241,344. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Lisa Graham Keegan sold 270 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $147.96, for a total value of $39,949.20. Following the sale, the director now directly owns 2,635 shares in the company, valued at $389,874.60. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Kathy J. Claypatch sold 1,500 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $149.20, for a total value of $223,800.00. Following the transaction, the insider now owns 8,320 shares in the company, valued at $1,241,344. The disclosure for this sale can be found here. 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.