Grand Canyon Education (NASDAQ:LOPE) issued an update on its FY 2018 earnings guidance on Thursday morning. The company provided EPS guidance of $4.59-4.59 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.88. The company issued revenue guidance of $843-843 million, compared to the consensus revenue estimate of $841.03 million.Grand Canyon Education also updated its Q4 guidance to $1.42 EPS.
NASDAQ LOPE traded down $0.88 during trading on Friday, reaching $128.47. 1,719,113 shares of the company’s stock were exchanged, compared to its average volume of 347,083. Grand Canyon Education has a fifty-two week low of $85.14 and a fifty-two week high of $130.10. The firm has a market capitalization of $6.11 billion, a PE ratio of 32.44, a PEG ratio of 1.62 and a beta of 0.79. The company has a current ratio of 5.73, a quick ratio of 5.73 and a debt-to-equity ratio of 0.05.
Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Thursday, November 8th. The company reported $1.06 EPS for the quarter, topping 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 firm had revenue of $155.45 million during the quarter, compared to analyst estimates of $153.31 million. During the same period last year, the company posted $0.81 EPS. The business’s quarterly revenue was down 34.2% compared to the same quarter last year. Research analysts anticipate that Grand Canyon Education will post 4.89 EPS for the current year.
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About Grand Canyon Education
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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