Grand Canyon Education, Inc. (LOPE) Expected to Announce Earnings of $1.39 Per Share

Equities research analysts expect Grand Canyon Education, Inc. (NASDAQ:LOPE) to post $1.39 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Grand Canyon Education’s earnings. Grand Canyon Education reported earnings per share of $1.12 in the same quarter last year, which would suggest a positive year over year growth rate of 24.1%. The company is scheduled to report its next quarterly earnings report after the market closes on Wednesday, May 2nd.

According to Zacks, analysts expect that Grand Canyon Education will report full year earnings of $4.70 per share for the current financial year, with EPS estimates ranging from $4.69 to $4.71. For the next year, analysts forecast that the firm will post earnings of $5.16 per share, with EPS estimates ranging from $5.14 to $5.19. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Grand Canyon Education.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $1.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.09. The firm had revenue of $271.42 million during the quarter, compared to analysts’ expectations of $268.42 million. Grand Canyon Education had a net margin of 20.87% and a return on equity of 21.20%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.01 earnings per share.



A number of equities analysts have commented on the stock. BidaskClub raised shares of Grand Canyon Education from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 13th. Barrington Research restated a “buy” rating and issued a $115.00 target price on shares of Grand Canyon Education in a report on Tuesday, March 6th. Zacks Investment Research upgraded shares of Grand Canyon Education from a “hold” rating to a “strong-buy” rating and set a $117.00 target price for the company in a report on Tuesday, February 27th. Robert W. Baird restated an “outperform” rating and issued a $105.00 target price (up previously from $100.00) on shares of Grand Canyon Education in a report on Thursday, February 22nd. Finally, Piper Jaffray raised their target price on shares of Grand Canyon Education to $114.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. They noted that the move was a valuation call. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $109.60.

Large investors have recently bought and sold shares of the company. Koch Industries Inc. bought a new stake in shares of Grand Canyon Education in the 4th quarter valued at about $224,000. Jane Street Group LLC acquired a new stake in Grand Canyon Education during the 4th quarter valued at approximately $225,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Grand Canyon Education by 46.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,673 shares of the company’s stock valued at $239,000 after acquiring an additional 846 shares during the period. Atria Investments LLC acquired a new stake in Grand Canyon Education during the 4th quarter valued at approximately $261,000. Finally, Polen Capital Management LLC acquired a new stake in Grand Canyon Education during the 4th quarter valued at approximately $274,000. Institutional investors and hedge funds own 96.15% of the company’s stock.

LOPE opened at $107.46 on Monday. Grand Canyon Education has a fifty-two week low of $68.82 and a fifty-two week high of $109.82. The firm has a market cap of $5,172.58, a P/E ratio of 27.12, a P/E/G ratio of 1.57 and a beta of 1.19. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.57 and a quick ratio of 1.57.

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About Grand Canyon Education

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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