Grand Canyon Education (NASDAQ:LOPE) Updates Q2 Earnings Guidance

Grand Canyon Education (NASDAQ:LOPE) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $1.02-1.06 for the period, compared to the consensus EPS estimate of $1.07. The company issued revenue guidance of $222-224 million, compared to the consensus revenue estimate of $223.21 million. Grand Canyon Education also updated its FY24 guidance to $7.35-7.82 EPS.

Analyst Upgrades and Downgrades

Separately, Barrington Research reaffirmed an outperform rating and set a $160.00 price objective on shares of Grand Canyon Education in a research note on Thursday, April 18th.

Grand Canyon Education Trading Up 1.1 %

LOPE stock traded up $1.47 during trading on Tuesday, reaching $139.78. 315,230 shares of the stock were exchanged, compared to its average volume of 198,762. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 20.56, a P/E/G ratio of 1.19 and a beta of 0.60. The business has a 50 day moving average price of $133.01 and a 200-day moving average price of $132.26. Grand Canyon Education has a 1 year low of $99.65 and a 1 year high of $144.94.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.72 by $0.05. Grand Canyon Education had a net margin of 21.33% and a return on equity of 31.75%. The firm had revenue of $278.28 million for the quarter, compared to analyst estimates of $275.00 million. On average, research analysts anticipate that Grand Canyon Education will post 7.65 EPS for the current year.

Insider Activity

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $132.65, for a total value of $198,975.00. Following the completion of the sale, the chief technology officer now owns 25,674 shares in the company, valued at $3,405,656.10. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 2.00% of the company’s stock.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.