Grand Canyon Education Inc. (LOPE) Updates FY14 Earnings Guidance
Grand Canyon Education Inc. (NASDAQ:LOPE) updated its FY14 earnings guidance on Thursday. The company provided earnings per share guidance of $2.21 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.17, Analyst Ratings.Net reports. The company issued revenue guidance of $676.6 million, compared to the consensus revenue estimate of $673.97 million.Grand Canyon Education also updated its Q3 guidance to $0.53 EPS.
Grand Canyon Education Inc. (NASDAQ:LOPE) traded down 3.39% during mid-day trading on Thursday, hitting $43.00. 694,264 shares of the company’s stock traded hands. Grand Canyon Education Inc. has a 52-week low of $32.39 and a 52-week high of $51.12. The stock’s 50-day moving average is $45.60 and its 200-day moving average is $45.6. The company has a market cap of $1.960 billion and a P/E ratio of 22.03.
Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.49 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.45 by $0.04. The company had revenue of $158.60 million for the quarter, compared to the consensus estimate of $156.18 million. During the same quarter last year, the company posted $0.45 earnings per share. Grand Canyon Education’s revenue was up 12.1% compared to the same quarter last year. On average, analysts predict that Grand Canyon Education Inc. will post $2.17 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.
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