Grand Canyon Education (LOPE) Projected to Post Quarterly Earnings on Tuesday

Grand Canyon Education (NASDAQ:LOPE) will likely be announcing its earnings results before the market opens on Tuesday, February 11th. Analysts expect the company to announce earnings of $2.93 per share and revenue of $289.43 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Wednesday, November 6th. The company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. The firm had revenue of $238.30 million during the quarter, compared to analyst estimates of $239.69 million. Grand Canyon Education had a net margin of 22.09% and a return on equity of 31.01%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the business earned $1.26 earnings per share. On average, analysts expect Grand Canyon Education to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Grand Canyon Education Stock Up 0.8 %

Shares of NASDAQ:LOPE opened at $177.03 on Tuesday. The firm has a market capitalization of $5.16 billion, a PE ratio of 23.26, a P/E/G ratio of 1.33 and a beta of 0.75. Grand Canyon Education has a twelve month low of $118.48 and a twelve month high of $180.98. The company has a 50-day moving average price of $166.57 and a two-hundred day moving average price of $152.47.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on LOPE shares. Barrington Research reissued an “outperform” rating and issued a $180.00 price target on shares of Grand Canyon Education in a report on Monday, January 27th. StockNews.com lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Robert W. Baird raised their price objective on shares of Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, BMO Capital Markets raised their price objective on shares of Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th.

Insider Activity

In related news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $166.07, for a total value of $249,105.00. Following the transaction, the chief technology officer now owns 21,174 shares of the company’s stock, valued at $3,516,366.18. This represents a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is 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.