Grand Canyon Education (LOPE) Updates FY 2018 Earnings Guidance

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.

A number of equities research analysts have commented on LOPE shares. BidaskClub upgraded Grand Canyon Education from a hold rating to a buy rating in a research report on Thursday, October 11th. Barrington Research restated a buy rating and set a $135.00 price objective on shares of Grand Canyon Education in a research 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 objective for the company in a research report on Thursday, September 6th. Robert W. Baird raised their price objective on Grand Canyon Education from $122.00 to $125.00 and gave the stock an outperform rating in a research report on Thursday, August 9th. Finally, BMO Capital Markets raised their price objective on Grand Canyon Education from $123.00 to $130.00 and gave the stock an outperform rating in a research report on Thursday, August 9th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Grand Canyon Education presently has an average rating of Buy and a consensus price target of $139.40.

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

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