Grand Canyon Education Inc. (LOPE) Releases Q4 Earnings Guidance
Grand Canyon Education Inc. (NASDAQ:LOPE) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.51 for the period, compared to the Thomson Reuters consensus estimate of $0.49, AnalystRatings.NET reports. The company issued revenue guidance of $158 million, compared to the consensus revenue estimate of $157.31 million.
Several analysts have recently commented on the stock. 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 a related note, 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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $34.40.
Shares of Grand Canyon Education Inc. (NASDAQ:LOPE) traded up 0.77% during mid-day trading on Tuesday, hitting $43.35. The stock had a trading volume of 651,741 shares. Grand Canyon Education Inc. has a one year low of $20.59 and a one year high of $37.19. The stock’s 50-day moving average is $34.95 and its 200-day moving average is $30.38. The company has a market cap of $1.993 billion and a P/E ratio of 24.72.
Grand Canyon Education (NASDAQ:LOPE) last released its earnings data on Tuesday, October 29th. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.45 by $0.03. The company had revenue of $152.40 million for the quarter, compared to the consensus estimate of $148.60 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 14.1% on a year-over-year basis. On average, analysts predict that Grand Canyon Education Inc. will post $1.81 earnings per share for the current fiscal year.
Provides online post-secondary education services focused on offering graduate and undergraduate degree programs in education, business, and healthcare.