$195.68 Million in Sales Expected for Grand Canyon Education Inc (LOPE) This Quarter

Equities research analysts predict that Grand Canyon Education Inc (NASDAQ:LOPE) will announce sales of $195.68 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Grand Canyon Education’s earnings. The highest sales estimate is $195.95 million and the lowest is $195.40 million. Grand Canyon Education reported sales of $275.68 million in the same quarter last year, which indicates a negative year-over-year growth rate of 29%. The business is scheduled to issue its next quarterly earnings report on Wednesday, May 1st.

According to Zacks, analysts expect that Grand Canyon Education will report full-year sales of $776.16 million for the current financial year, with estimates ranging from $775.60 million to $776.72 million. For the next fiscal year, analysts anticipate that the company will post sales of $861.26 million, with estimates ranging from $857.32 million to $865.20 million. Zacks’ sales averages are an average based on a survey of analysts that cover Grand Canyon Education.

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

Several brokerages recently weighed in on LOPE. BMO Capital Markets boosted their price objective on shares of Grand Canyon Education to $130.00 and gave the stock an “outperform” rating in a research note on Friday, February 22nd. ValuEngine raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Friday, February 22nd. BidaskClub raised shares of Grand Canyon Education from a “strong sell” rating to a “sell” rating in a research report on Friday, February 22nd. Zacks Investment Research raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating and set a $132.00 price objective on the stock in a research report on Saturday, February 23rd. Finally, Robert W. Baird cut their price objective on shares of 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 analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. Grand Canyon Education currently has an average rating of “Hold” and a consensus target price of $133.80.

Shares of Grand Canyon Education stock traded down $0.43 during trading on Friday, hitting $114.08. The company’s 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. Grand Canyon Education has a 52 week low of $90.67 and a 52 week high of $130.10. The stock has a market cap of $5.52 billion, a price-to-earnings ratio of 22.44, a P/E/G ratio of 1.40 and a beta of 1.02.

In other news, CEO Brian E. Mueller sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $117.91, for a total transaction of $4,716,400.00. Following the completion of the sale, the chief executive officer now owns 280,124 shares in the company, valued at approximately $33,029,420.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Joseph N. Mildenhall sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $114.88, for a total transaction of $229,760.00. Following the sale, the insider now owns 68,809 shares of the company’s stock, valued at approximately $7,904,777.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 77,000 shares of company stock valued at $9,061,460. Company insiders own 2.40% of the company’s stock.

Several hedge funds have recently modified their holdings of LOPE. Bronfman E.L. Rothschild L.P. raised its position 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 valued at $64,000 after buying an additional 150 shares in the last quarter. Pendal Group Ltd raised its position in shares of Grand Canyon Education by 3.4% during the 4th quarter. Pendal Group Ltd now owns 4,825 shares of the company’s stock valued at $464,000 after buying an additional 157 shares in the last quarter. Brown Advisory Inc. raised its position in shares of Grand Canyon Education by 4.0% during the 4th quarter. Brown Advisory Inc. now owns 4,141 shares of the company’s stock valued at $398,000 after buying an additional 160 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Grand Canyon Education by 8.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 2,446 shares of the company’s stock valued at $235,000 after buying an additional 192 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Grand Canyon Education by 7.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,189 shares of the company’s stock valued at $307,000 after buying an additional 209 shares in the last quarter. Institutional investors own 98.50% of the company’s stock.

About Grand Canyon Education

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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