$175.21 Million in Sales Expected for Grand Canyon Education Inc (LOPE) This Quarter

Wall Street analysts expect Grand Canyon Education Inc (NASDAQ:LOPE) to report $175.21 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Grand Canyon Education’s earnings. The lowest sales estimate is $175.00 million and the highest is $175.40 million. Grand Canyon Education reported sales of $271.42 million during the same quarter last year, which indicates a negative year over year growth rate of 35.4%. The company is expected to issue its next earnings report on Wednesday, February 20th.

On average, analysts expect that Grand Canyon Education will report full-year sales of $841.02 million for the current year, with estimates ranging from $840.50 million to $841.30 million. For the next fiscal year, analysts expect that the business will post sales of $689.83 million, with estimates ranging from $688.00 million to $692.20 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Grand Canyon Education.

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Thursday, November 8th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.07. Grand Canyon Education had a net margin of 23.60% and a return on equity of 22.14%. The business had revenue of $155.45 million during the quarter, compared to the consensus estimate of $153.31 million. During the same period last year, the business posted $0.81 EPS. Grand Canyon Education’s revenue was down 34.2% on a year-over-year basis.

LOPE has been the subject of several recent analyst reports. Barrington Research reiterated a “buy” rating and issued a $135.00 target price on shares of Grand Canyon Education in a research note on Friday, August 10th. BidaskClub upgraded shares of Grand Canyon Education from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 17th. Zacks Investment Research upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating and set a $134.00 target price for the company in a research note on Thursday, September 6th. Finally, Robert W. Baird raised their target price on shares of Grand Canyon Education from $122.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, August 9th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $139.40.

Shares of NASDAQ:LOPE opened at $128.47 on Friday. Grand Canyon Education has a 52-week low of $85.14 and a 52-week high of $130.10. The stock has a market capitalization of $6.24 billion, a P/E ratio of 27.41, a PEG ratio of 1.65 and a beta of 0.79. The company has a debt-to-equity ratio of 0.05, a current ratio of 5.73 and a quick ratio of 5.73.

A number of institutional investors have recently added to or reduced their stakes in the business. FIL Ltd raised its holdings in Grand Canyon Education by 2.0% in the 3rd quarter. FIL Ltd now owns 1,929,082 shares of the company’s stock valued at $217,600,000 after acquiring an additional 38,139 shares during the period. Handelsbanken Fonder AB raised its holdings in Grand Canyon Education by 2.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 1,215,290 shares of the company’s stock valued at $137,085,000 after acquiring an additional 26,000 shares during the period. Victory Capital Management Inc. raised its holdings in Grand Canyon Education by 70.6% in the 3rd quarter. Victory Capital Management Inc. now owns 836,261 shares of the company’s stock valued at $94,330,000 after acquiring an additional 346,017 shares during the period. Wells Fargo & Company MN raised its holdings in Grand Canyon Education by 66.3% in the 3rd quarter. Wells Fargo & Company MN now owns 779,083 shares of the company’s stock valued at $87,880,000 after acquiring an additional 310,475 shares during the period. Finally, Conestoga Capital Advisors LLC raised its holdings in Grand Canyon Education by 12.1% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 748,067 shares of the company’s stock valued at $84,382,000 after acquiring an additional 80,895 shares during the period. 93.94% of the stock is currently owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for Grand Canyon Education (NASDAQ:LOPE)

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