Grand Canyon Education (NASDAQ:LOPE) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Grand Canyon Education (NASDAQ:LOPE) posted its quarterly earnings data on Wednesday. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02, Briefing.com reports. The company had revenue of $238.30 million during the quarter, compared to the consensus estimate of $239.69 million. Grand Canyon Education had a net margin of 21.88% and a return on equity of 31.49%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.26 EPS.

Grand Canyon Education Stock Performance

Shares of NASDAQ LOPE traded up $3.39 during midday trading on Thursday, hitting $163.54. 478,934 shares of the company traded hands, compared to its average volume of 179,502. Grand Canyon Education has a 12-month low of $118.48 and a 12-month high of $164.93. The stock has a 50-day moving average price of $139.41 and a 200 day moving average price of $141.36. The firm has a market cap of $4.82 billion, a P/E ratio of 22.16, a P/E/G ratio of 1.15 and a beta of 0.70.

Analyst Ratings Changes

LOPE has been the subject of several research reports. BMO Capital Markets upped their target price on Grand Canyon Education from $152.00 to $173.00 and gave the stock an “outperform” rating in a research note on Thursday. Robert W. Baird increased their target price on shares of Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a report on Thursday. StockNews.com lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Finally, Barrington Research lifted their price objective on Grand Canyon Education from $165.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday.

Insider Buying and Selling at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $141.23, for a total value of $211,845.00. Following the completion of the transaction, the chief technology officer now owns 22,674 shares in the company, valued at approximately $3,202,249.02. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.00% of the company’s stock.

About Grand Canyon Education

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.