Grand Canyon Education (LOPE) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS
Grand Canyon Education (NASDAQ:LOPE) posted its quarterly earnings results on Thursday. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.45 by $0.04, American Banking News.com reports. The company had revenue of $158.60 million for the quarter, compared to the consensus estimate of $156.18 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. Grand Canyon Education updated its Q3 guidance to $0.53 EPS and its FY14 guidance to $2.21 EPS.
Shares of Grand Canyon Education (NASDAQ:LOPE) traded down 3.39% on Thursday, hitting $43.00. 694,264 shares of the company’s stock traded hands. Grand Canyon Education 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 price-to-earnings ratio of 22.03.
Provides online post-secondary education services focused on offering graduate and undergraduate degree programs in education, business, and healthcare.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.