$274.06 Million in Sales Expected for Grand Canyon Education, Inc. (LOPE) This Quarter

Equities analysts predict that Grand Canyon Education, Inc. (NASDAQ:LOPE) will report $274.06 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Grand Canyon Education’s earnings. The highest sales estimate is $274.12 million and the lowest is $274.00 million. Grand Canyon Education posted sales of $248.21 million during the same quarter last year, which suggests a positive year-over-year growth rate of 10.4%. The business is expected to announce its next quarterly earnings report on Thursday, May 3rd.

On average, analysts expect that Grand Canyon Education will report full year sales of $274.06 million for the current fiscal year, with estimates ranging from $1.05 billion to $1.06 billion. For the next year, analysts expect that the company will post sales of $1.14 billion per share. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Grand Canyon Education.

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

LOPE has been the subject of several recent research reports. Piper Jaffray reissued a “buy” rating and issued a $102.00 price target on shares of Grand Canyon Education in a research report on Monday, December 4th. BidaskClub lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Zacks Investment Research lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Wednesday, December 13th. ValuEngine raised Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Robert W. Baird reissued an “outperform” rating and issued a $105.00 price target (up from $100.00) on shares of Grand Canyon Education in a research report on Thursday, February 22nd. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $109.60.

Hedge funds have recently made changes to their positions in the stock. Koch Industries Inc. purchased a new position in Grand Canyon Education during the 4th quarter worth $224,000. Jane Street Group LLC purchased a new position in Grand Canyon Education during the 4th quarter worth $225,000. ETRADE Capital Management LLC purchased a new position in Grand Canyon Education during the 3rd quarter worth $231,000. Zurcher Kantonalbank Zurich Cantonalbank grew 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 worth $239,000 after buying an additional 846 shares during the last quarter. Finally, Atria Investments LLC purchased a new position in Grand Canyon Education during the 4th quarter worth $261,000. Hedge funds and other institutional investors own 96.34% of the company’s stock.

Shares of LOPE traded up $0.26 during trading hours on Friday, hitting $104.92. The company had a trading volume of 337,107 shares, compared to its average volume of 326,486. The firm has a market cap of $5,066.80, a price-to-earnings ratio of 26.49, a PEG ratio of 1.54 and a beta of 1.26. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.06. Grand Canyon Education has a one year low of $68.77 and a one year high of $109.82.

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Grand Canyon Education Company Profile

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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