Equities analysts expect that Grand Canyon Education Inc (NASDAQ:LOPE) will announce $1.00 earnings per share for the current quarter, according to Zacks. Three analysts have issued estimates for Grand Canyon Education’s earnings. The highest EPS estimate is $1.01 and the lowest is $0.99. Grand Canyon Education reported earnings of $0.81 per share in the same quarter last year, which suggests a positive year over year growth rate of 23.5%. The firm is scheduled to issue its next earnings results on Wednesday, November 7th.
According to Zacks, analysts expect that Grand Canyon Education will report full year earnings of $4.89 per share for the current fiscal year, with EPS estimates ranging from $4.87 to $4.91. For the next fiscal year, analysts expect that the company will post earnings of $5.13 per share, with EPS estimates ranging from $5.10 to $5.18. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Grand Canyon Education.
Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Wednesday, August 8th. The company reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.10. The company had revenue of $236.82 million during the quarter, compared to analyst estimates of $235.13 million. Grand Canyon Education had a net margin of 22.28% and a return on equity of 21.38%. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period last year, the business earned $0.83 EPS.
Several brokerages have weighed in on LOPE. Barrington Research reissued a “buy” rating and set a $135.00 price objective on shares of Grand Canyon Education in a report on Friday, October 5th. Zacks Investment Research lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. BMO Capital Markets raised their price objective on shares of Grand Canyon Education from $112.00 to $123.00 and gave the stock an “outperform” rating in a report on Monday, July 9th. Finally, BidaskClub lowered shares of Grand Canyon Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 30th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $133.20.
Several hedge funds and other institutional investors have recently bought and sold shares of LOPE. Waddell & Reed Financial Inc. acquired a new position in shares of Grand Canyon Education in the 2nd quarter valued at about $51,907,000. Summit Trail Advisors LLC boosted its holdings in shares of Grand Canyon Education by 7,783.3% in the 1st quarter. Summit Trail Advisors LLC now owns 415,843 shares of the company’s stock valued at $416,000 after buying an additional 410,568 shares during the period. Millennium Management LLC boosted its holdings in shares of Grand Canyon Education by 150.2% in the 2nd quarter. Millennium Management LLC now owns 471,913 shares of the company’s stock valued at $52,670,000 after buying an additional 283,325 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Grand Canyon Education by 239.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 187,508 shares of the company’s stock valued at $20,928,000 after buying an additional 132,242 shares during the period. Finally, Redwood Investments LLC acquired a new position in shares of Grand Canyon Education in the 2nd quarter valued at about $14,326,000. 94.01% of the stock is owned by institutional investors and hedge funds.
LOPE stock traded up $0.55 during mid-day trading on Monday, hitting $121.05. 262,211 shares of the company were exchanged, compared to its average volume of 450,504. The firm has a market cap of $5.81 billion, a P/E ratio of 30.57, a P/E/G ratio of 1.54 and a beta of 1.15. The company has a debt-to-equity ratio of 0.05, a current ratio of 5.73 and a quick ratio of 5.73. Grand Canyon Education has a twelve month low of $83.52 and a twelve month high of $123.30.
Grand Canyon Education Company Profile
Grand Canyon Education, Inc, together with its subsidiaries, provides education services in the United States and Canada. The company operates Grand Canyon University that offers approximately 225 graduate and undergraduate degree programs and certificates across 9 colleges online and on ground through campus in Phoenix, Arizona; leased facilities; and facilities owned by third party employers.
Featured Article: Trading Penny Stocks
Get a free copy of the Zacks research report on Grand Canyon Education (LOPE)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Grand Canyon Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grand Canyon Education and related companies with MarketBeat.com's FREE daily email newsletter.