Grand Canyon Education (LOPE) Posts Quarterly Earnings, Beats Expectations By $0.03 EPS
Grand Canyon Education (NASDAQ:LOPE) issued its quarterly earnings data on Tuesday. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.45 by $0.03, AmericanBankingNews.com reports. 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. Grand Canyon Education updated its Q4 guidance to $0.51 EPS.
A number of analysts have recently weighed in on LOPE shares. 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $34.40.
Shares of Grand Canyon Education (NASDAQ:LOPE) traded up 0.77% on Tuesday, hitting $43.35. The stock had a trading volume of 651,641 shares. Grand Canyon Education 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.
Provides online post-secondary education services focused on offering graduate and undergraduate degree programs in education, business, and healthcare.
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