Grand Canyon Education, Inc. (NASDAQ:LOPE) Expected to Announce Earnings of $1.67 Per Share

Equities analysts forecast that Grand Canyon Education, Inc. (NASDAQ:LOPE) will announce earnings per share (EPS) of $1.67 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Grand Canyon Education’s earnings. Grand Canyon Education reported earnings of $1.53 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 9.2%. The firm is scheduled to announce its next earnings report on Thursday, May 6th.

According to Zacks, analysts expect that Grand Canyon Education will report full year earnings of $6.19 per share for the current year. For the next year, analysts forecast that the firm will report earnings of $6.86 per share, with EPS estimates ranging from $6.70 to $7.01. Zacks’ earnings per share averages are a mean average based on a survey of analysts that cover Grand Canyon Education.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Tuesday, February 16th. The company reported $1.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.80 by $0.09. The firm had revenue of $238.29 million during the quarter, compared to analyst estimates of $236.14 million. Grand Canyon Education had a net margin of 30.17% and a return on equity of 17.20%.

Several equities analysts recently commented on LOPE shares. BMO Capital Markets increased their price objective on shares of Grand Canyon Education from $118.00 to $122.00 and gave the company an “outperform” rating in a research report on Thursday, February 25th. Barrington Research increased their price objective on shares of Grand Canyon Education from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, February 18th. Five research analysts have rated the stock with a buy rating, Grand Canyon Education has a consensus rating of “Buy” and an average price target of $113.75.

In other news, CAO Lori Browning sold 2,200 shares of Grand Canyon Education stock in a transaction that occurred on Monday, February 22nd. The shares were sold at an average price of $109.38, for a total transaction of $240,636.00. Following the completion of the transaction, the chief accounting officer now directly owns 15,720 shares of the company’s stock, valued at approximately $1,719,453.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Joseph N. Mildenhall sold 10,000 shares of Grand Canyon Education stock in a transaction that occurred on Monday, February 22nd. The shares were sold at an average price of $108.67, for a total transaction of $1,086,700.00. Following the transaction, the insider now directly owns 27,236 shares of the company’s stock, valued at $2,959,736.12. The disclosure for this sale can be found here. Insiders have sold a total of 112,200 shares of company stock valued at $12,190,336 over the last three months. 2.00% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the company. Advantage Alpha Capital Partners LP increased its holdings in shares of Grand Canyon Education by 49.6% during the 3rd quarter. Advantage Alpha Capital Partners LP now owns 96,663 shares of the company’s stock valued at $7,727,000 after purchasing an additional 32,041 shares in the last quarter. Voya Financial Advisors Inc. increased its holdings in shares of Grand Canyon Education by 38.3% during the 4th quarter. Voya Financial Advisors Inc. now owns 27,391 shares of the company’s stock valued at $2,534,000 after purchasing an additional 7,579 shares in the last quarter. Veritable L.P. acquired a new stake in Grand Canyon Education in the 4th quarter valued at $276,000. HighTower Advisors LLC grew its stake in Grand Canyon Education by 14.7% in the 4th quarter. HighTower Advisors LLC now owns 7,862 shares of the company’s stock valued at $733,000 after acquiring an additional 1,005 shares during the period. Finally, Stifel Financial Corp grew its stake in Grand Canyon Education by 15.6% in the 4th quarter. Stifel Financial Corp now owns 61,125 shares of the company’s stock valued at $5,692,000 after acquiring an additional 8,263 shares during the period. 97.09% of the stock is owned by hedge funds and other institutional investors.

Shares of Grand Canyon Education stock opened at $110.20 on Monday. The firm has a market capitalization of $5.17 billion, a P/E ratio of 21.23, a PEG ratio of 0.96 and a beta of 0.58. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.05. The company has a 50 day moving average price of $107.71 and a 200 day moving average price of $92.32. Grand Canyon Education has a 52 week low of $72.25 and a 52 week high of $114.48.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. The company's technology services include learning management system, internal administration, infrastructure, and support services; academic services comprises program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support include admission, financial aid, and field experience counseling services.

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