Grand Canyon Education (LOPE) Issues Q4 2018 Earnings Guidance

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.

Several research firms recently weighed in on LOPE. BidaskClub upgraded shares of Grand Canyon Education from a buy rating to a strong-buy rating in a report on Thursday, October 18th. Zacks Investment Research lowered shares of Grand Canyon Education from a buy rating to a hold rating in a report on Thursday, October 11th. Barrington Research restated a buy rating and set a $135.00 target price on shares of Grand Canyon Education in a report on Friday, October 5th. Finally, Robert W. Baird lifted their target price on shares of Grand Canyon Education from $122.00 to $125.00 and gave the company an outperform rating in a report on Thursday, August 9th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Grand Canyon Education currently has an average rating of Buy and an average target price of $133.20.

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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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Earnings History and Estimates for Grand Canyon Education (NASDAQ:LOPE)

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