$0.94 EPS Expected for Grand Canyon Education Inc (NASDAQ:LOPE) This Quarter

Equities research analysts expect that Grand Canyon Education Inc (NASDAQ:LOPE) will report $0.94 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Grand Canyon Education’s earnings. Grand Canyon Education reported earnings per share of $0.95 during the same quarter last year, which suggests a negative year over year growth rate of 1.1%. The firm is scheduled to issue its next quarterly earnings results 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 year, with EPS estimates ranging from $5.23 to $5.25. For the next 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 Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Grand Canyon Education.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $1.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 company had revenue of $197.29 million during the quarter, compared to analyst estimates of $195.60 million. During the same quarter in the previous year, the firm earned $1.52 earnings per share. Grand Canyon Education’s revenue was down 28.4% on a year-over-year basis.

Several brokerages have recently commented on LOPE. BidaskClub raised Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Wednesday, June 5th. ValuEngine raised Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Zacks Investment Research lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. Finally, Barrington Research reiterated a “buy” rating and issued a $135.00 price objective on shares of Grand Canyon Education in a report on Wednesday, May 8th. One analyst has rated the stock with a sell rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $133.20.

Shares of NASDAQ LOPE opened at $117.02 on Wednesday. Grand Canyon Education has a 12 month low of $90.67 and a 12 month high of $130.10. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $5.65 billion, a price-to-earnings ratio of 22.99, a price-to-earnings-growth ratio of 1.39 and a beta of 0.90. The stock’s 50-day simple moving average is $119.90.

In other Grand Canyon Education news, insider Joseph N. Mildenhall sold 2,000 shares of the stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $115.03, for a total value of $230,060.00. Following the transaction, the insider now owns 64,809 shares of the company’s stock, valued at $7,454,979.27. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Brian E. Mueller sold 40,000 shares of the stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $126.10, for a total value of $5,044,000.00. Following the completion of the transaction, the chief executive officer now directly owns 320,124 shares in the company, valued at approximately $40,367,636.40. The disclosure for this sale can be found here. In the last three months, insiders sold 85,900 shares of company stock worth $10,548,685. 2.00% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Amundi Pioneer Asset Management Inc. raised its stake in shares of Grand Canyon Education by 3.5% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 155,770 shares of the company’s stock worth $17,837,000 after buying an additional 5,329 shares during the period. FMR LLC raised its stake in Grand Canyon Education by 47.0% during the 1st quarter. FMR LLC now owns 3,493,165 shares of the company’s stock valued at $400,002,000 after purchasing an additional 1,116,492 shares during the period. Nordea Investment Management AB raised its stake in Grand Canyon Education by 0.4% during the 1st quarter. Nordea Investment Management AB now owns 41,663 shares of the company’s stock valued at $4,771,000 after purchasing an additional 178 shares during the period. Marshall Wace North America L.P. bought a new stake in Grand Canyon Education during the 1st quarter valued at approximately $611,000. Finally, Marshall Wace LLP bought a new stake in Grand Canyon Education during the 1st quarter valued at approximately $77,000. 96.16% of the stock is currently owned by institutional investors.

Grand Canyon Education Company Profile

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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