Grand Canyon Education, Inc. (LOPE) Expected to Announce Earnings of $1.10 Per Share
Equities analysts expect Grand Canyon Education, Inc. (NASDAQ:LOPE) to post earnings of $1.10 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Grand Canyon Education’s earnings. The highest EPS estimate is $1.11 and the lowest is $1.09. Grand Canyon Education posted earnings per share of $1.01 in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.9%. The firm is scheduled to issue its next quarterly earnings report on Thursday, February 15th.
On average, analysts expect that Grand Canyon Education will report full year earnings of $3.88 per share for the current fiscal year, with EPS estimates ranging from $3.83 to $3.91. For the next year, analysts expect that the company will post earnings of $4.11 per share, with EPS estimates ranging from $4.09 to $4.15. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover Grand Canyon Education.
Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.05. Grand Canyon Education had a return on equity of 21.40% and a net margin of 19.32%. The business had revenue of $236.21 million for the quarter, compared to analysts’ expectations of $231.43 million. During the same quarter in the prior year, the business earned $0.62 EPS. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis.
A number of research analysts have recently issued reports on LOPE shares. ValuEngine upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. BMO Capital Markets reissued a “buy” rating and set a $85.00 price objective on shares of Grand Canyon Education in a report on Monday, September 18th. Zacks Investment Research downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, Piper Jaffray Companies boosted their price objective on shares of Grand Canyon Education from $83.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, October 11th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $97.40.
Grand Canyon Education (LOPE) traded up $2.85 on Friday, reaching $88.54. The company had a trading volume of 338,925 shares, compared to its average volume of 283,909. The company has a current ratio of 1.36, a quick ratio of 1.33 and a debt-to-equity ratio of 0.07. The firm has a market cap of $4.28 billion, a P/E ratio of 23.57, a PEG ratio of 1.75 and a beta of 1.34.
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In other Grand Canyon Education news, COO William Stan Meyer sold 1,315 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $80.35, for a total value of $105,660.25. Following the sale, the chief operating officer now owns 99,774 shares of the company’s stock, valued at $8,016,840.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph N. Mildenhall sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $80.17, for a total transaction of $400,850.00. Following the completion of the sale, the insider now directly owns 88,798 shares in the company, valued at approximately $7,118,935.66. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in LOPE. BlackRock Inc. lifted its holdings in shares of Grand Canyon Education by 73,121.4% in the first quarter. BlackRock Inc. now owns 2,817,560 shares of the company’s stock valued at $201,765,000 after purchasing an additional 2,813,712 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in shares of Grand Canyon Education by 27.7% in the second quarter. William Blair Investment Management LLC now owns 2,054,139 shares of the company’s stock valued at $161,065,000 after purchasing an additional 445,546 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Grand Canyon Education by 15.7% in the second quarter. Alliancebernstein L.P. now owns 1,808,294 shares of the company’s stock valued at $141,788,000 after purchasing an additional 245,284 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Grand Canyon Education by 5.5% in the first quarter. Vanguard Group Inc. now owns 3,775,228 shares of the company’s stock valued at $270,343,000 after purchasing an additional 197,721 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Grand Canyon Education by 128.0% in the second quarter. Russell Investments Group Ltd. now owns 347,481 shares of the company’s stock valued at $27,244,000 after purchasing an additional 195,090 shares in the last quarter. 96.78% of the stock is currently owned by institutional investors.
Grand Canyon Education Company Profile
Grand Canyon Education, Inc is engaged in the provision of postsecondary education. The Company is a regionally accredited university. The Company offers the degrees, including Doctor of Education, Doctor of Business Administration, Doctor of Nursing Practice, Doctor of Philosophy, Education Specialist, Master of Divinity, Master of Arts, Master of Education, Master of Business Administration and Master of Public Administration, Master of Public Health, Master of Science, Bachelor of Arts, Bachelor of Science, and a range of programs for its degrees.
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