Grand Canyon Education (NASDAQ:LOPE) Releases Q4 2024 Earnings Guidance

Grand Canyon Education (NASDAQ:LOPE) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 2.920-2.950 for the period, compared to the consensus earnings per share estimate of 2.910. The company issued revenue guidance of $289.0 million-$290.0 million, compared to the consensus revenue estimate of $289.3 million. Grand Canyon Education also updated its FY 2024 guidance to 8.020-8.050 EPS.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Robert W. Baird lifted their price target on Grand Canyon Education from $170.00 to $186.00 and gave the stock an “outperform” rating in a research report on Thursday. Barrington Research lifted their target price on Grand Canyon Education from $165.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday. StockNews.com raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, BMO Capital Markets upped their price objective on shares of Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a report on Thursday.

Grand Canyon Education Price Performance

LOPE stock traded up $8.98 during trading on Friday, hitting $172.52. 495,741 shares of the company traded hands, compared to its average volume of 162,311. Grand Canyon Education has a 1 year low of $118.48 and a 1 year high of $172.88. The stock’s 50-day simple moving average is $139.96 and its 200 day simple moving average is $141.66. The company has a market cap of $5.08 billion, a PE ratio of 22.67, a P/E/G ratio of 1.34 and a beta of 0.70.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. Grand Canyon Education had a net margin of 22.09% and a return on equity of 31.20%. The business had revenue of $238.30 million during the quarter, compared to the consensus estimate of $239.69 million. During the same quarter in the prior year, the firm posted $1.26 earnings per share. The company’s revenue was up 7.4% compared to the same quarter last year. Research analysts expect that Grand Canyon Education will post 7.98 earnings per share for the current year.

Insiders Place Their Bets

In related news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $141.23, for a total value of $211,845.00. Following the sale, the chief technology officer now owns 22,674 shares of the company’s stock, valued at approximately $3,202,249.02. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is currently owned by company insiders.

Grand Canyon Education Company Profile

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.