Grand Canyon Education (LOPE) Issues Q4 Earnings Guidance

Grand Canyon Education (NASDAQ:LOPE) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided EPS guidance of $1.42 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.40. The company issued revenue guidance of $175 million, compared to the consensus revenue estimate of $175.15 million.Grand Canyon Education also updated its FY 2018 guidance to $4.59-4.59 EPS.

Shares of LOPE stock traded down $0.88 during trading hours on Friday, reaching $128.47. The company had a trading volume of 1,719,215 shares, compared to its average volume of 364,914. Grand Canyon Education has a 12 month low of $85.14 and a 12 month high of $130.10. 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 capitalization of $6.11 billion, a PE ratio of 32.44, a P/E/G ratio of 1.62 and a beta of 0.79.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Thursday, November 8th. The company reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.07. Grand Canyon Education had a return on equity of 21.38% and a net margin of 22.28%. The company had revenue of $155.45 million for the quarter, compared to analyst estimates of $153.31 million. During the same quarter last year, the company earned $0.81 earnings per share. The company’s revenue for the quarter was down 34.2% on a year-over-year basis. On average, equities research analysts anticipate that Grand Canyon Education will post 4.89 earnings per share for the current fiscal year.

A number of analysts recently commented on LOPE shares. BidaskClub upgraded Grand Canyon Education from a hold rating to a buy rating in a report on Thursday, October 11th. Barrington Research reiterated a buy rating and set a $135.00 price target on shares of Grand Canyon Education in a report on Friday, October 5th. Zacks Investment Research upgraded Grand Canyon Education from a hold rating to a buy rating and set a $134.00 price target on the stock in a report on Thursday, September 6th. Robert W. Baird lifted their price target on Grand Canyon Education from $122.00 to $125.00 and gave the stock an outperform rating in a report on Thursday, August 9th. Finally, BMO Capital Markets lifted their price target on Grand Canyon Education from $123.00 to $130.00 and gave the stock an outperform rating in a report on Thursday, August 9th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Grand Canyon Education currently has an average rating of Buy and an average target price of $139.40.

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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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