Equities analysts forecast that Grand Canyon Education Inc (NASDAQ:LOPE) will report earnings per share of $1.01 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Grand Canyon Education’s earnings, with the lowest EPS estimate coming in at $1.01 and the highest estimate coming in at $1.02. Grand Canyon Education posted earnings per share of $0.92 during the same quarter last year, which would suggest a positive year over year growth rate of 9.8%. The company is scheduled to report its next quarterly earnings results after the market closes on Thursday, May 4th.
According to Zacks, analysts expect that Grand Canyon Education will report full year earnings of $3.48 per share for the current financial year, with EPS estimates ranging from $3.45 to $3.50. For the next fiscal year, analysts expect that the firm will post earnings of $3.83 per share, with EPS estimates ranging from $3.78 to $3.87. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Grand Canyon Education.
Grand Canyon Education (NASDAQ:LOPE) last released its earnings results on Thursday, February 16th. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.03. Grand Canyon Education had a net margin of 16.42% and a return on equity of 21.10%. The company had revenue of $244.70 million for the quarter, compared to analysts’ expectations of $242.01 million. During the same quarter last year, the business earned $0.81 EPS. The firm’s revenue was up 13.3% compared to the same quarter last year.
A number of analysts recently issued reports on LOPE shares. Barrington Research raised their price objective on Grand Canyon Education from $66.00 to $68.00 and gave the stock an “outperform” rating in a research report on Friday, February 17th. BMO Capital Markets reissued a “buy” rating on shares of Grand Canyon Education in a research report on Wednesday, January 18th. Zacks Investment Research downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Wednesday, January 4th. Finally, Piper Jaffray Companies reissued an “overweight” rating and set a $73.00 price objective (up from $69.00) on shares of Grand Canyon Education in a research report on Monday, March 20th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Grand Canyon Education presently has a consensus rating of “Buy” and an average target price of $66.75.
Grand Canyon Education (NASDAQ:LOPE) traded down 0.25% during midday trading on Thursday, reaching $75.16. 257,552 shares of the company’s stock were exchanged. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 23.86 and a beta of 1.38. Grand Canyon Education has a 52 week low of $37.94 and a 52 week high of $76.08. The firm’s 50 day moving average is $70.81 and its 200 day moving average is $59.43.
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In related news, General Counsel Brian M. Roberts sold 9,754 shares of the firm’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $63.07, for a total transaction of $615,184.78. Following the completion of the transaction, the general counsel now directly owns 47,930 shares in the company, valued at approximately $3,022,945.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO William Stan Meyer sold 20,000 shares of the firm’s stock in a transaction dated Monday, April 10th. The shares were sold at an average price of $70.68, for a total value of $1,413,600.00. Following the transaction, the chief operating officer now owns 118,959 shares of the company’s stock, valued at $8,408,022.12. The disclosure for this sale can be found here. Insiders have sold a total of 137,754 shares of company stock valued at $9,362,305 over the last 90 days. 5.30% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC boosted its position in shares of Grand Canyon Education by 51.2% in the fourth quarter. AQR Capital Management LLC now owns 24,460 shares of the company’s stock worth $1,430,000 after buying an additional 8,286 shares during the period. Allianz Asset Management AG boosted its position in shares of Grand Canyon Education by 5.8% in the fourth quarter. Allianz Asset Management AG now owns 26,403 shares of the company’s stock worth $1,543,000 after buying an additional 1,449 shares during the period. Westpac Banking Corp boosted its position in shares of Grand Canyon Education by 12.0% in the third quarter. Westpac Banking Corp now owns 164,700 shares of the company’s stock worth $6,652,000 after buying an additional 17,700 shares during the period. Van Berkom & Associates Inc. boosted its position in shares of Grand Canyon Education by 6.1% in the third quarter. Van Berkom & Associates Inc. now owns 2,446,574 shares of the company’s stock worth $98,817,000 after buying an additional 141,000 shares during the period. Finally, Pekin Singer Strauss Asset Management IL purchased a new position in shares of Grand Canyon Education during the fourth quarter worth approximately $8,298,000. Institutional investors own 96.48% of the company’s stock.
About Grand Canyon Education
Grand Canyon Education, Inc is engaged in the provision of postsecondary education. The Company is a regionally accredited university. The Company offers the degrees, including Doctor of Education, Doctor of Business Administration, Doctor of Nursing Practice, Doctor of Philosophy, Education Specialist, Master of Divinity, Master of Arts, Master of Education, Master of Business Administration and Master of Public Administration, Master of Public Health, Master of Science, Bachelor of Arts, Bachelor of Science, and a range of programs for its degrees.
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