$1.50 Earnings Per Share Expected for Grand Canyon Education Inc (LOPE) This Quarter

Wall Street analysts predict that Grand Canyon Education Inc (NASDAQ:LOPE) will post $1.50 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Grand Canyon Education’s earnings, with estimates ranging from $1.49 to $1.50. Grand Canyon Education posted earnings per share of $1.52 during the same quarter last year, which indicates a negative year over year growth rate of 1.3%. The business is expected to report its next earnings results on Wednesday, May 1st.

On average, analysts expect that Grand Canyon Education will report full year earnings of $5.12 per share for the current financial year, with EPS estimates ranging from $5.10 to $5.14. For the next financial year, analysts expect that the company will report earnings of $5.76 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Grand Canyon Education.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Wednesday, February 20th. The company reported $1.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.14. The business had revenue of $177.54 million during the quarter, compared to analyst estimates of $175.25 million. Grand Canyon Education had a return on equity of 22.16% and a net margin of 27.09%. The company’s revenue was down 34.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.41 earnings per share.

LOPE has been the topic of a number of recent analyst reports. BMO Capital Markets boosted their target price on Grand Canyon Education to $117.00 and gave the stock a “reduce” rating in a research report on Tuesday, January 15th. BidaskClub lowered Grand Canyon Education from a “sell” rating to a “strong sell” rating in a research report on Saturday, March 16th. Zacks Investment Research lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Thursday, January 10th. ValuEngine lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Friday, January 11th. Finally, Robert W. Baird cut their target price on Grand Canyon Education from $141.00 to $130.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Grand Canyon Education has a consensus rating of “Hold” and an average target price of $133.80.

Shares of Grand Canyon Education stock traded down $0.43 during trading on Wednesday, hitting $114.08. The stock had a trading volume of 6,620 shares, compared to its average volume of 303,670. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 0.02. The firm has a market cap of $5.52 billion, a price-to-earnings ratio of 22.44, a price-to-earnings-growth ratio of 1.40 and a beta of 1.02. Grand Canyon Education has a fifty-two week low of $90.67 and a fifty-two week high of $130.10.

In related news, CEO Brian E. Mueller sold 40,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $117.91, for a total transaction of $4,716,400.00. Following the transaction, the chief executive officer now directly owns 280,124 shares of the company’s stock, valued at $33,029,420.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph N. Mildenhall sold 2,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $114.88, for a total value of $229,760.00. Following the transaction, the insider now directly owns 68,809 shares in the company, valued at $7,904,777.92. The disclosure for this sale can be found here. Insiders have sold 77,000 shares of company stock worth $9,061,460 over the last three months. 2.40% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the stock. Executive Wealth Management LLC acquired a new position in Grand Canyon Education in the 4th quarter worth about $26,000. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Grand Canyon Education by 29.0% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 668 shares of the company’s stock worth $64,000 after acquiring an additional 150 shares in the last quarter. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Grand Canyon Education during the 4th quarter worth about $123,000. Enlightenment Research LLC bought a new stake in shares of Grand Canyon Education during the 4th quarter worth about $125,000. Finally, Glenmede Trust Co. NA boosted its stake in shares of Grand Canyon Education by 165.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 1,969 shares of the company’s stock worth $221,000 after acquiring an additional 1,228 shares in the last quarter. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides education services in the United States. It offers technology and academic, counseling and support, and marketing and communication services, as well as back office services, such as financial aid processing, accounting, reporting, tax, human resources, and procurement services to the Grand Canyon University.

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

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