Analysts Expect Grand Canyon Education Inc (LOPE) Will Announce Earnings of $1.42 Per Share

Wall Street analysts forecast that Grand Canyon Education Inc (NASDAQ:LOPE) will announce $1.42 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Grand Canyon Education’s earnings, with estimates ranging from $1.40 to $1.43. Grand Canyon Education reported earnings per share of $1.19 during the same quarter last year, which indicates a positive year-over-year growth rate of 19.3%. The business is scheduled to issue its next earnings report on Wednesday, February 20th.

According to Zacks, analysts expect that Grand Canyon Education will report full year earnings of $4.88 per share for the current financial year, with EPS estimates ranging from $4.72 to $4.96. For the next fiscal year, analysts anticipate that the business will post earnings of $5.15 per share, with EPS estimates ranging from $5.10 to $5.26. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Grand Canyon Education.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings results on Thursday, November 8th. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.07. Grand Canyon Education had a return on equity of 21.66% and a net margin of 23.60%. The firm 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 company earned $0.81 earnings per share. The company’s revenue was down 34.2% on a year-over-year basis.

Several brokerages have recently weighed in on LOPE. BidaskClub downgraded Grand Canyon Education from a “strong-buy” rating to a “buy” rating in a report on Friday. Zacks Investment Research downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Wednesday. Robert W. Baird raised their price target on Grand Canyon Education from $125.00 to $141.00 and gave the company an “outperform” rating in a report on Friday, November 9th. Finally, Barrington Research raised their price target on Grand Canyon Education from $135.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, November 9th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Grand Canyon Education has a consensus rating of “Buy” and a consensus price target of $141.40.

Shares of NASDAQ:LOPE traded up $1.05 on Friday, hitting $124.88. 270,300 shares of the company traded hands, compared to its average volume of 370,698. Grand Canyon Education has a 52 week low of $85.14 and a 52 week high of $130.10. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.65 and a quick ratio of 4.65. The company has a market capitalization of $6.06 billion, a PE ratio of 31.54, a PEG ratio of 1.61 and a beta of 0.79.

In related news, CEO Brian E. Mueller sold 30,000 shares of Grand Canyon Education stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $127.00, for a total value of $3,810,000.00. Following the completion of the sale, the chief executive officer now directly owns 308,739 shares in the company, valued at approximately $39,209,853. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Dilek Marsh sold 4,000 shares of Grand Canyon Education stock in a transaction dated Tuesday, November 13th. The stock was sold at an average price of $126.00, for a total value of $504,000.00. Following the completion of the sale, the insider now owns 82,752 shares of the company’s stock, valued at $10,426,752. The disclosure for this sale can be found here. Insiders sold a total of 49,000 shares of company stock valued at $6,219,000 over the last quarter. 2.40% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC bought a new stake in Grand Canyon Education in the 2nd quarter worth about $118,000. CIBC Asset Management Inc bought a new stake in shares of Grand Canyon Education during the 3rd quarter valued at about $200,000. We Are One Seven LLC bought a new stake in shares of Grand Canyon Education during the 3rd quarter valued at about $202,000. HRT Financial LLC bought a new stake in shares of Grand Canyon Education during the 2nd quarter valued at about $213,000. Finally, V Wealth Management LLC bought a new stake in shares of Grand Canyon Education during the 2nd quarter valued at about $219,000. Institutional investors own 94.62% of the company’s stock.

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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