Grand Canyon Education (LOPE) Updates Q1 Earnings Guidance

Grand Canyon Education (NASDAQ:LOPE) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $1.39 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.18. The company issued revenue guidance of $274 million, compared to the consensus revenue estimate of $272.04 million.Grand Canyon Education also updated its FY18 guidance to $4.69 EPS.

A number of research firms have commented on LOPE. ValuEngine upgraded Grand Canyon Education from a hold rating to a buy rating in a research report on Friday, February 2nd. BMO Capital Markets restated a buy rating and issued a $97.00 target price on shares of Grand Canyon Education in a research report on Wednesday, October 25th. Zacks Investment Research downgraded Grand Canyon Education from a buy rating to a hold rating in a research report on Wednesday, December 13th. Barrington Research restated an outperform rating and issued a $103.00 target price (up previously from $98.00) on shares of Grand Canyon Education in a research report on Thursday, November 2nd. Finally, Piper Jaffray Companies restated a buy rating and issued a $102.00 target price on shares of Grand Canyon Education in a research report on Monday, December 4th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $100.80.

Grand Canyon Education (LOPE) traded up $0.40 during mid-day trading on Wednesday, hitting $91.92. The company had a trading volume of 186,798 shares, compared to its average volume of 212,086. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.36 and a quick ratio of 1.36. The stock has a market cap of $4,495.45, a P/E ratio of 24.13, a PEG ratio of 1.74 and a beta of 1.36. Grand Canyon Education has a 52-week low of $60.07 and a 52-week high of $96.15.

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Grand Canyon Education Company Profile

Grand Canyon Education, Inc is engaged in the provision of postsecondary education. The Company is a regionally accredited university. The Company offers the degrees, including Doctor of Education, Doctor of Business Administration, Doctor of Nursing Practice, Doctor of Philosophy, Education Specialist, Master of Divinity, Master of Arts, Master of Education, Master of Business Administration and Master of Public Administration, Master of Public Health, Master of Science, Bachelor of Arts, Bachelor of Science, and a range of programs for its degrees.

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