Grand Canyon Education (LOPE) to Release Quarterly Earnings on Tuesday
Grand Canyon Education (NASDAQ:LOPE) is scheduled to be releasing its earnings data on Tuesday, October 29th. Grand Canyon Education has set its Q3 guidance at $0.43-0.44 EPS and its FY13 guidance at $1.78-1.80 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.
Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.05. The company had revenue of $141.50 million for the quarter, compared to the consensus estimate of $138.38 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 18.6% on a year-over-year basis. On average, analysts expect Grand Canyon Education to post $1.81 EPS for the current fiscal year and $2.02 EPS for the next fiscal year.
Shares of Grand Canyon Education (NASDAQ:LOPE) opened at 44.04 on Monday. Grand Canyon Education has a one year low of $20.59 and a one year high of $37.19. The stock has a 50-day moving average of $34.95 and a 200-day moving average of $30.38. The company has a market cap of $2.025 billion and a P/E ratio of 25.31.
LOPE has been the subject of a number of recent research reports. Analysts at Citigroup Inc. initiated coverage on shares of Grand Canyon Education in a research note to investors on Wednesday, October 16th. They set a “buy” rating on the stock. On the ratings front, analysts at Deutsche Bank raised their price target on shares of Grand Canyon Education from $29.00 to $37.00 in a research note to investors on Thursday, August 1st. Finally, analysts at Stifel Nicolaus raised their price target on shares of Grand Canyon Education from $37.00 to $40.00 in a research note to investors on Wednesday, July 31st. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Grand Canyon Education presently has a consensus rating of “Buy” and an average price target of $34.40.
Provides online post-secondary education services focused on offering graduate and undergraduate degree programs in education, business, and healthcare.
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