Brokerages Expect Grand Canyon Education Inc (LOPE) to Announce $0.94 Earnings Per Share

Equities research analysts expect Grand Canyon Education Inc (NASDAQ:LOPE) to report $0.94 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Grand Canyon Education’s earnings. Grand Canyon Education posted earnings of $0.95 per share in the same quarter last year, which would suggest a negative year over year growth rate of 1.1%. The firm is expected to announce its next earnings report on Wednesday, August 14th.

According to Zacks, analysts expect that Grand Canyon Education will report full year earnings of $5.24 per share for the current fiscal year, with EPS estimates ranging from $5.23 to $5.25. For the next financial year, analysts anticipate that the firm will report earnings of $5.81 per share, with EPS estimates ranging from $5.70 to $5.88. Zacks’ earnings per share 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 data on Tuesday, May 7th. The company reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.13. Grand Canyon Education had a return on equity of 21.50% and a net margin of 29.80%. The business had revenue of $197.29 million for the quarter, compared to analyst estimates of $195.60 million. During the same quarter in the prior year, the company earned $1.52 earnings per share. The company’s revenue was down 28.4% on a year-over-year basis.

A number of equities analysts recently commented on LOPE shares. Barrington Research reiterated a “buy” rating and set a $135.00 target price on shares of Grand Canyon Education in a research note on Friday, February 8th. ValuEngine upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Friday, February 22nd. BidaskClub upgraded shares of Grand Canyon Education from a “strong sell” rating to a “sell” rating in a research note on Friday, February 22nd. BMO Capital Markets increased their target price on shares of Grand Canyon Education to $130.00 and gave the stock an “outperform” rating in a research note on Friday, February 22nd. Finally, Zacks Investment Research upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating and set a $132.00 target price for the company in a research note on Saturday, February 23rd. Seven analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus target price of $133.20.

In related news, insider Joseph N. Mildenhall sold 19,900 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $113.95, for a total transaction of $2,267,605.00. Following the completion of the transaction, the insider now directly owns 84,709 shares of the company’s stock, valued at $9,652,590.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph N. Mildenhall sold 2,000 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $114.88, for a total transaction of $229,760.00. Following the transaction, the insider now directly owns 68,809 shares of the company’s stock, valued at $7,904,777.92. The disclosure for this sale can be found here. Insiders have sold 25,900 shares of company stock valued at $2,963,665 over the last three months. 2.00% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Executive Wealth Management LLC purchased a new position in Grand Canyon Education during the fourth quarter worth about $26,000. Icon Wealth Partners LLC purchased a new position in Grand Canyon Education during the first quarter worth about $63,000. Daiwa Securities Group Inc. raised its holdings in Grand Canyon Education by 48.8% during the first quarter. Daiwa Securities Group Inc. now owns 610 shares of the company’s stock worth $70,000 after purchasing an additional 200 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in Grand Canyon Education by 29.0% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 668 shares of the company’s stock valued at $64,000 after buying an additional 150 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in Grand Canyon Education in the first quarter valued at about $77,000. 96.18% of the stock is owned by hedge funds and other institutional investors.

Shares of LOPE stock opened at $128.95 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.57 and a quick ratio of 1.57. The firm has a market cap of $6.03 billion, a P/E ratio of 25.33, a PEG ratio of 1.49 and a beta of 0.90. Grand Canyon Education has a 12 month low of $90.67 and a 12 month high of $130.10.

About Grand Canyon Education

Grand Canyon Education, Inc provides education services in the United States. It offers technology and academic, counseling and support, and marketing and communication services, as well as back office services, such as financial aid processing, accounting, reporting, tax, human resources, and procurement services to the Grand Canyon University.

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Earnings History and Estimates for Grand Canyon Education (NASDAQ:LOPE)

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