Grand Canyon Education (NASDAQ:LOPE) posted its earnings results on Wednesday. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.09, Zacks reports. The firm had revenue of $271.42 million during the quarter, compared to analyst estimates of $268.42 million. Grand Canyon Education had a net margin of 19.32% and a return on equity of 21.40%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.01 EPS. Grand Canyon Education updated its Q1 guidance to $1.39 EPS and its FY18 guidance to $4.69 EPS.
Grand Canyon Education (NASDAQ:LOPE) traded up $0.40 during trading on Thursday, reaching $91.92. 186,700 shares of the company were exchanged, compared to its average volume of 215,673. Grand Canyon Education has a 1 year low of $60.07 and a 1 year high of $102.77. The firm has a market cap of $4,404.02, a PE ratio of 24.13, a P/E/G ratio of 1.71 and a beta of 1.36. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.07.
LOPE has been the subject of several recent research reports. Zacks Investment Research lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Piper Jaffray Companies reaffirmed a “buy” rating and set a $102.00 target price on shares of Grand Canyon Education in a report on Monday, December 4th. Robert W. Baird reaffirmed a “buy” rating and set a $100.00 target price on shares of Grand Canyon Education in a report on Friday, December 1st. ValuEngine raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, BidaskClub cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $104.20.
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About Grand Canyon Education
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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