Grand Canyon Education Inc to Post Q1 2018 Earnings of $1.16 Per Share, Barrington Research Forecasts (LOPE)

Grand Canyon Education Inc (NASDAQ:LOPE) – Equities research analysts at Barrington Research issued their Q1 2018 EPS estimates for shares of Grand Canyon Education in a note issued to investors on Friday. Barrington Research analyst A. Paris. Jr forecasts that the company will post earnings of $1.16 per share for the quarter. Barrington Research currently has a “Outperform” rating and a $103.00 target price on the stock. Barrington Research also issued estimates for Grand Canyon Education’s Q2 2018 earnings at $0.80 EPS, Q3 2018 earnings at $0.89 EPS and Q4 2018 earnings at $1.25 EPS.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $0.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.05. Grand Canyon Education had a net margin of 19.32% and a return on equity of 21.40%. The firm had revenue of $236.21 million during the quarter, compared to analysts’ expectations of $231.43 million. During the same period in the prior year, the company posted $0.62 earnings per share. Grand Canyon Education’s revenue for the quarter was up 12.2% on a year-over-year basis.

A number of other equities research analysts have also recently issued reports on LOPE. Zacks Investment Research upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a report on Friday, December 15th. Piper Jaffray Companies restated a “buy” rating and set a $102.00 price target on shares of Grand Canyon Education in a report on Monday, December 4th. Robert W. Baird restated a “buy” rating and set a $100.00 price target on shares of Grand Canyon Education in a report on Friday, December 1st. ValuEngine cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, BidaskClub cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $100.80.

Grand Canyon Education (NASDAQ LOPE) traded down $0.47 during mid-day trading on Monday, reaching $91.63. 91,800 shares of the company’s stock were exchanged, compared to its average volume of 282,182. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.36 and a quick ratio of 1.36. Grand Canyon Education has a one year low of $56.52 and a one year high of $96.15. The company has a market capitalization of $4,409.31, a PE ratio of 24.05, a price-to-earnings-growth ratio of 1.81 and a beta of 1.35.

Institutional investors and hedge funds have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Grand Canyon Education by 8.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,827 shares of the company’s stock valued at $143,000 after buying an additional 139 shares during the last quarter. CAPROCK Group Inc. acquired a new position in Grand Canyon Education in the third quarter worth about $225,000. Parametrica Management Ltd acquired a new position in Grand Canyon Education in the third quarter worth about $227,000. ETRADE Capital Management LLC acquired a new position in Grand Canyon Education in the third quarter worth about $231,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Grand Canyon Education in the second quarter worth about $227,000. 96.16% of the stock is owned by institutional investors and hedge funds.

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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.

Earnings History and Estimates for Grand Canyon Education (NASDAQ:LOPE)

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