Analysts predict that Grand Canyon Education Inc (NASDAQ:LOPE) will post sales of $268.29 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Grand Canyon Education’s earnings. The highest sales estimate is $268.67 million and the lowest is $267.90 million. Grand Canyon Education reported sales of $244.66 million in the same quarter last year, which would suggest a positive year over year growth rate of 9.7%. The firm is expected to issue its next earnings report on Thursday, February 15th.

On average, analysts expect that Grand Canyon Education will report full-year sales of $268.29 million for the current financial year, with estimates ranging from $964.60 million to $971.39 million. For the next year, analysts expect that the firm will report sales of $1.06 billion per share, with estimates ranging from $1.05 billion to $1.06 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Grand Canyon Education.

Grand Canyon Education (NASDAQ:LOPE) last released its earnings results on Wednesday, November 1st. The company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.05. The company had revenue of $236.21 million for the quarter, compared to the consensus estimate of $231.43 million. Grand Canyon Education had a net margin of 19.32% and a return on equity of 21.40%. Grand Canyon Education’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.62 EPS.

Several analysts have weighed in on the stock. BMO Capital Markets reissued a “buy” rating and set a $97.00 target price on shares of Grand Canyon Education in a research report on Wednesday, October 25th. Zacks Investment Research raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a research report on Friday, December 15th. BidaskClub downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Robert W. Baird boosted their target price on shares of Grand Canyon Education from $85.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. Finally, Barrington Research reissued an “outperform” rating and set a $103.00 target price (up previously from $98.00) on shares of Grand Canyon Education in a research report on Thursday, November 2nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $100.80.

Grand Canyon Education (NASDAQ LOPE) traded up $0.10 during trading hours on Tuesday, reaching $92.68. 157,900 shares of the company’s stock traded hands, compared to its average volume of 198,656. The stock has a market cap of $4,510.00, a P/E ratio of 24.33, a PEG ratio of 1.73 and a beta of 1.35. Grand Canyon Education has a 12 month low of $56.52 and a 12 month high of $96.15. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.36 and a current ratio of 1.36.

Several hedge funds have recently added to or reduced their stakes in LOPE. Schwab Charles Investment Management Inc. boosted its holdings in shares of Grand Canyon Education by 3.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 242,172 shares of the company’s stock valued at $18,989,000 after acquiring an additional 7,876 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Grand Canyon Education by 6.0% in the 2nd quarter. Legal & General Group Plc now owns 16,845 shares of the company’s stock valued at $1,321,000 after acquiring an additional 949 shares during the last quarter. Neuberger Berman Group LLC boosted its holdings in shares of Grand Canyon Education by 13.7% in the 2nd quarter. Neuberger Berman Group LLC now owns 10,892 shares of the company’s stock valued at $854,000 after acquiring an additional 1,309 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Grand Canyon Education by 8.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,827 shares of the company’s stock valued at $143,000 after acquiring an additional 139 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Grand Canyon Education by 24.9% in the 2nd quarter. Principal Financial Group Inc. now owns 22,882 shares of the company’s stock valued at $1,794,000 after acquiring an additional 4,565 shares during the last quarter. 96.16% of the stock is currently owned by institutional investors and hedge funds.

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About Grand Canyon Education

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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