Wall Street brokerages expect Grand Canyon Education Inc (NASDAQ:LOPE) to post earnings of $1.42 per share for the current quarter, according to Zacks. Three analysts have issued estimates for Grand Canyon Education’s earnings, with the lowest EPS estimate coming in at $1.40 and the highest estimate coming in at $1.43. Grand Canyon Education reported earnings per share of $1.19 in the same quarter last year, which suggests a positive year-over-year growth rate of 19.3%. The business is scheduled to report its next quarterly earnings results on Wednesday, February 20th.
On average, analysts expect that Grand Canyon Education will report full year earnings of $4.88 per share for the current financial year, with EPS estimates ranging from $4.72 to $4.96. For the next fiscal year, analysts expect that the company will post earnings of $5.15 per share, with EPS estimates ranging from $5.10 to $5.26. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Grand Canyon Education.
Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Thursday, November 8th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.07. The business had revenue of $155.45 million during the quarter, compared to analyst estimates of $153.31 million. Grand Canyon Education had a return on equity of 21.66% and a net margin of 23.60%. Grand Canyon Education’s revenue for the quarter was down 34.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.81 earnings per share.
LOPE has been the subject of a number of recent analyst reports. Barrington Research reaffirmed a “buy” rating and issued a $135.00 price objective on shares of Grand Canyon Education in a research note on Friday, October 5th. BidaskClub raised Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Thursday, October 11th. Robert W. Baird increased their price target on Grand Canyon Education from $125.00 to $141.00 and gave the company an “outperform” rating in a research note on Friday, November 9th. Finally, Zacks Investment Research raised Grand Canyon Education from a “hold” rating to a “buy” rating and set a $134.00 price target for the company in a research note on Thursday, September 6th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $141.40.
In other Grand Canyon Education news, COO William Stan Meyer sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 12th. The stock was sold at an average price of $127.00, for a total transaction of $1,905,000.00. Following the sale, the chief operating officer now directly owns 112,261 shares in the company, valued at $14,257,147. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Brian E. Mueller sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $127.00, for a total value of $3,810,000.00. Following the sale, the chief executive officer now owns 308,739 shares in the company, valued at $39,209,853. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,000 shares of company stock valued at $6,219,000. 2.40% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the business. Marshall Wace LLP purchased a new stake in Grand Canyon Education during the third quarter valued at approximately $469,000. Rehmann Capital Advisory Group raised its position in Grand Canyon Education by 11,600.2% during the third quarter. Rehmann Capital Advisory Group now owns 59,671 shares of the company’s stock valued at $529,000 after purchasing an additional 59,161 shares during the period. Nordea Investment Management AB raised its position in Grand Canyon Education by 33.5% during the third quarter. Nordea Investment Management AB now owns 39,577 shares of the company’s stock valued at $4,464,000 after purchasing an additional 9,923 shares during the period. Glenmede Trust Co. NA raised its position in Grand Canyon Education by 165.7% during the third quarter. Glenmede Trust Co. NA now owns 1,969 shares of the company’s stock valued at $221,000 after purchasing an additional 1,228 shares during the period. Finally, First Sabrepoint Capital Management LP raised its position in Grand Canyon Education by 20.0% during the third quarter. First Sabrepoint Capital Management LP now owns 120,000 shares of the company’s stock valued at $13,536,000 after purchasing an additional 20,000 shares during the period. Institutional investors and hedge funds own 95.02% of the company’s stock.
Shares of NASDAQ LOPE traded down $4.82 during mid-day trading on Friday, reaching $114.13. The company’s stock had a trading volume of 471,683 shares, compared to its average volume of 410,950. The firm has a market cap of $5.49 billion, a price-to-earnings ratio of 28.82, a price-to-earnings-growth ratio of 1.46 and a beta of 0.81. The company has a quick ratio of 4.65, a current ratio of 4.65 and a debt-to-equity ratio of 0.05. Grand Canyon Education has a 52 week low of $85.14 and a 52 week high of $130.10.
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.
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