Grand Canyon Education (NASDAQ:LOPE) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.40 for the period, compared to the Thomson Reuters consensus estimate of $1.33. The company issued revenue guidance of $175 million, compared to the consensus revenue estimate of $174.63 million.Grand Canyon Education also updated its Q3 guidance to $0.98 EPS.
A number of equities research analysts recently weighed in on LOPE shares. Barrington Research upped their price objective on Grand Canyon Education from $117.00 to $135.00 and gave the stock an outperform rating in a research note on Monday, July 9th. BidaskClub cut Grand Canyon Education from a strong-buy rating to a buy rating in a research note on Wednesday. Zacks Investment Research upgraded Grand Canyon Education from a hold rating to a buy rating and set a $123.00 price objective for the company in a research note on Saturday, May 26th. BMO Capital Markets upped their price objective on Grand Canyon Education from $112.00 to $123.00 and gave the stock an outperform rating in a research note on Monday, July 9th. Finally, Piper Jaffray Companies upped their price objective on Grand Canyon Education from $117.00 to $142.00 and gave the stock an overweight rating in a research note on Tuesday, July 3rd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Grand Canyon Education has a consensus rating of Buy and an average target price of $125.60.
Shares of Grand Canyon Education traded up $0.17, reaching $118.31, during mid-day trading on Wednesday, according to Marketbeat.com. 1,050,706 shares of the company were exchanged, compared to its average volume of 344,019. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a market capitalization of $5.66 billion, a P/E ratio of 29.87, a price-to-earnings-growth ratio of 1.54 and a beta of 1.17. Grand Canyon Education has a 1 year low of $77.78 and a 1 year high of $122.19.
About Grand Canyon Education
Grand Canyon Education, Inc, together with its subsidiaries, provides education services in the United States and Canada. The company operates Grand Canyon University that offers approximately 225 graduate and undergraduate degree programs and certificates across 9 colleges online and on ground through campus in Phoenix, Arizona; leased facilities; and facilities owned by third party employers.
Featured Story: Short Selling – Explanation For Shorting Stocks
Receive News & Ratings for Grand Canyon Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grand Canyon Education and related companies with MarketBeat.com's FREE daily email newsletter.