Grand Canyon Education, Inc. (NASDAQ:LOPE) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $1.08 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.08. The company issued revenue guidance of $266.9 million, compared to the consensus revenue estimate of $266.48 million.Grand Canyon Education also updated its Q3 guidance to $0.75 EPS.
Grand Canyon Education, Inc. (NASDAQ:LOPE) traded up 0.82% during midday trading on Friday, reaching $80.01. The company’s stock had a trading volume of 410,061 shares. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 22.08 and a beta of 1.48. The firm has a 50-day moving average price of $77.90 and a 200 day moving average price of $72.93. Grand Canyon Education, Inc. has a 52-week low of $39.07 and a 52-week high of $85.94.
Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.15. The business had revenue of $218.30 million during the quarter, compared to analyst estimates of $213.08 million. Grand Canyon Education had a net margin of 18.77% and a return on equity of 21.77%. Grand Canyon Education’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.59 earnings per share. Equities research analysts predict that Grand Canyon Education, Inc. will post $3.83 EPS for the current fiscal year.
A number of equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Grand Canyon Education from a hold rating to a buy rating and set a $86.00 price objective on the stock in a research note on Tuesday, May 23rd. Barrington Research reaffirmed an outperform rating and issued a $89.00 price objective (up from $85.00) on shares of Grand Canyon Education in a research note on Wednesday, August 2nd. BidaskClub cut shares of Grand Canyon Education from a buy rating to a hold rating in a research note on Wednesday, July 19th. Finally, ValuEngine raised shares of Grand Canyon Education from a hold rating to a buy rating in a research note on Friday, June 2nd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $78.50.
In related news, COO William Stan Meyer sold 1,315 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $80.35, for a total value of $105,660.25. Following the sale, the chief operating officer now directly owns 99,774 shares of the company’s stock, valued at approximately $8,016,840.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian E. Mueller sold 30,000 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $79.34, for a total transaction of $2,380,200.00. Following the completion of the sale, the chief executive officer now directly owns 311,524 shares in the company, valued at $24,716,314.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 130,231 shares of company stock worth $10,207,539. Insiders own 3.00% of the company’s stock.
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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