Grand Canyon Education (NASDAQ:LOPE) issued an update on its fourth quarter 2018 earnings guidance on Thursday morning. The company provided EPS guidance of $1.42-1.42 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.41. The company issued revenue guidance of $175-175 million, compared to the consensus revenue estimate of $174.95 million.Grand Canyon Education also updated its FY 2018 guidance to $4.59-4.59 EPS.
Shares of LOPE traded down $0.32 during mid-day trading on Thursday, reaching $129.35. The company had a trading volume of 615,000 shares, compared to its average volume of 358,673. The company has a quick ratio of 5.73, a current ratio of 5.73 and a debt-to-equity ratio of 0.05. The firm has a market cap of $6.11 billion, a PE ratio of 32.55, a price-to-earnings-growth ratio of 1.62 and a beta of 0.79. Grand Canyon Education has a fifty-two week low of $85.14 and a fifty-two week high of $130.10.
Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Wednesday, August 8th. The company reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.10. The business had revenue of $236.82 million for the quarter, compared to analyst estimates of $235.13 million. Grand Canyon Education had a net margin of 22.28% and a return on equity of 21.38%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.83 EPS. As a group, equities research analysts anticipate that Grand Canyon Education will post 4.89 earnings per share for the current year.
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Grand Canyon Education Company Profile
Grand Canyon Education, Inc, together with its subsidiaries, provides education services in the United States and Canada. The company operates Grand Canyon University that offers approximately 225 graduate and undergraduate degree programs and certificates across 9 colleges online and on ground through campus in Phoenix, Arizona; leased facilities; and facilities owned by third party employers.
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