$268.29 Million in Sales Expected for Grand Canyon Education Inc (LOPE) This Quarter

Equities analysts expect Grand Canyon Education Inc (NASDAQ:LOPE) to report sales of $268.29 million for the current quarter, according to Zacks. Two analysts have made estimates for Grand Canyon Education’s earnings, with the highest sales estimate coming in at $268.67 million and the lowest estimate coming in at $267.90 million. Grand Canyon Education reported sales of $244.66 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.7%. The firm is expected to issue its next earnings report on Thursday, February 15th.

According to Zacks, analysts expect that Grand Canyon Education will report full year sales of $268.29 million for the current fiscal year, with estimates ranging from $964.60 million to $971.39 million. For the next year, analysts expect that the firm will post sales of $1.06 billion per share, with estimates ranging from $1.05 billion to $1.06 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Grand Canyon Education.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings data on Wednesday, November 1st. The company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.05. The company had revenue of $236.21 million for the quarter, compared to analysts’ expectations of $231.43 million. Grand Canyon Education had a net margin of 19.32% and a return on equity of 21.40%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the company earned $0.62 earnings per share.

Several equities research analysts have commented on LOPE shares. Zacks Investment Research lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Wednesday, December 13th. Robert W. Baird lifted their price target on Grand Canyon Education from $85.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. BidaskClub downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Barrington Research reissued an “outperform” rating and issued a $103.00 target price (up previously from $98.00) on shares of Grand Canyon Education in a research note on Thursday, November 2nd. Finally, BMO Capital Markets restated a “buy” rating and issued a $97.00 price target on shares of Grand Canyon Education in a report on Wednesday, October 25th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $100.80.

Institutional investors and hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN raised its position in shares of Grand Canyon Education by 42.0% during the 3rd quarter. Wells Fargo & Company MN now owns 528,016 shares of the company’s stock valued at $47,956,000 after acquiring an additional 156,192 shares in the last quarter. American Century Companies Inc. acquired a new stake in Grand Canyon Education in the third quarter worth $13,369,000. Fuller & Thaler Asset Management Inc. acquired a new stake in Grand Canyon Education in the third quarter worth $11,632,000. BlackRock Inc. increased its position in Grand Canyon Education by 4.4% in the second quarter. BlackRock Inc. now owns 2,941,225 shares of the company’s stock worth $230,620,000 after buying an additional 123,665 shares during the period. Finally, Capital Research Global Investors increased its position in Grand Canyon Education by 12.9% in the second quarter. Capital Research Global Investors now owns 955,500 shares of the company’s stock worth $74,921,000 after buying an additional 109,000 shares during the period. 96.16% of the stock is currently owned by institutional investors.

Grand Canyon Education (LOPE) traded up $0.10 during trading hours on Tuesday, reaching $92.68. 157,900 shares of the company were exchanged, compared to its average volume of 198,656. Grand Canyon Education has a 1 year low of $56.52 and a 1 year high of $96.15. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.07. The stock has a market cap of $4,510.00, a price-to-earnings ratio of 24.33, a price-to-earnings-growth ratio of 1.73 and a beta of 1.35.

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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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