Grand Canyon Education, Inc. (NASDAQ:LOPE) updated its fourth quarter earnings guidance on Tuesday. 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.
LOPE has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Grand Canyon Education from a hold rating to a buy rating and set a $90.00 price objective for the company in a research report on Thursday, August 3rd. Barrington Research reiterated an outperform rating and issued a $89.00 price objective (up previously from $85.00) on shares of Grand Canyon Education in a research note on Wednesday, August 2nd. Finally, BidaskClub cut shares of Grand Canyon Education from a hold rating to a sell rating in a research report on Tuesday, August 1st. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Grand Canyon Education currently has a consensus rating of Buy and an average target price of $78.50.
Grand Canyon Education, Inc. (LOPE) traded down 0.01% on Friday, reaching $79.43. 199,600 shares of the company’s stock traded hands. Grand Canyon Education, Inc. has a 12 month low of $39.07 and a 12 month high of $85.94. The company has a market cap of $3.75 billion, a PE ratio of 21.92 and a beta of 1.48. The firm’s 50 day moving average price is $77.65 and its 200 day moving average price is $72.14.
Grand Canyon Education (NASDAQ:LOPE) last announced its earnings results on Tuesday, August 1st. The company reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.15. Grand Canyon Education had a net margin of 18.77% and a return on equity of 21.77%. The firm had revenue of $218.30 million for the quarter, compared to analysts’ expectations of $213.08 million. During the same quarter in the previous year, the business posted $0.59 EPS. The company’s quarterly revenue was up 14.1% on a year-over-year basis. On average, equities analysts expect that Grand Canyon Education, Inc. will post $3.83 EPS for the current fiscal year.
In other news, insider Joseph N. Mildenhall sold 5,000 shares of Grand Canyon Education stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $80.17, for a total value of $400,850.00. Following the completion of the transaction, the insider now owns 88,798 shares of the company’s stock, valued at approximately $7,118,935.66. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Brian E. Mueller sold 30,000 shares of Grand Canyon Education stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $79.34, for a total value of $2,380,200.00. Following the completion of the transaction, the chief executive officer now directly owns 311,524 shares of the company’s stock, valued at approximately $24,716,314.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 130,231 shares of company stock worth $10,207,539. Company 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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