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.
ILLEGAL ACTIVITY WARNING: This news story was reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of international trademark and copyright laws. The legal version of this news story can be read at https://sportsperspectives.com/2018/11/09/grand-canyon-education-lope-issues-q4-earnings-guidance.html.
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.
Recommended Story: How Do I Invest in Dividend Stocks
Receive News & Ratings for Grand Canyon Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grand Canyon Education and related companies with MarketBeat.com's FREE daily email newsletter.