$1.50 EPS Expected for Grand Canyon Education Inc (LOPE) This Quarter

Wall Street brokerages forecast that Grand Canyon Education Inc (NASDAQ:LOPE) will announce earnings of $1.50 per share for the current quarter, Zacks reports. Two analysts have provided estimates for Grand Canyon Education’s earnings. The lowest EPS estimate is $1.49 and the highest is $1.50. Grand Canyon Education posted earnings per share of $1.52 during the same quarter last year, which would suggest a negative year-over-year growth rate of 1.3%. The firm is scheduled to report its next quarterly earnings report after the market closes on Tuesday, May 7th.

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

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Wednesday, February 20th. The company reported $1.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.14. The company had revenue of $177.54 million for the quarter, compared to analysts’ expectations of $175.25 million. Grand Canyon Education had a net margin of 27.09% and a return on equity of 22.16%. The firm’s revenue was down 34.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.41 earnings per share.

Several equities analysts have recently commented on the stock. BidaskClub lowered shares of Grand Canyon Education from a “sell” rating to a “strong sell” rating in a research report on Saturday, April 13th. Zacks Investment Research upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating and set a $128.00 price target for the company in a research report on Tuesday, April 2nd. ValuEngine lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. BMO Capital Markets upped their price target on shares of Grand Canyon Education to $130.00 and gave the stock an “outperform” rating in a research report on Friday, February 22nd. Finally, Barrington Research restated a “buy” rating and set a $135.00 price target on shares of Grand Canyon Education in a research report on Friday, February 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. Grand Canyon Education presently has an average rating of “Buy” and an average target price of $133.00.

In related news, CFO Daniel E. Bachus sold 10,000 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $117.19, for a total value of $1,171,900.00. Following the completion of the transaction, the chief financial officer now owns 104,669 shares in the company, valued at approximately $12,266,160.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph N. Mildenhall sold 2,000 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $114.88, for a total transaction of $229,760.00. Following the completion of the transaction, 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. Insiders sold a total of 79,000 shares of company stock valued at $9,297,700 in the last quarter. 2.40% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Summit Creek Advisors LLC lifted its stake in Grand Canyon Education by 24.3% during the first quarter. Summit Creek Advisors LLC now owns 200,492 shares of the company’s stock valued at $22,958,000 after buying an additional 39,162 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in Grand Canyon Education by 8.7% during the fourth quarter. Great West Life Assurance Co. Can now owns 5,764 shares of the company’s stock valued at $533,000 after buying an additional 461 shares in the last quarter. Man Group plc lifted its stake in Grand Canyon Education by 60.9% during the third quarter. Man Group plc now owns 43,087 shares of the company’s stock valued at $4,860,000 after buying an additional 16,304 shares in the last quarter. Legal & General Group Plc lifted its stake in Grand Canyon Education by 15.8% during the fourth quarter. Legal & General Group Plc now owns 29,106 shares of the company’s stock valued at $2,798,000 after buying an additional 3,973 shares in the last quarter. Finally, Putnam Investments LLC lifted its stake in Grand Canyon Education by 154.9% during the third quarter. Putnam Investments LLC now owns 94,310 shares of the company’s stock valued at $10,638,000 after buying an additional 57,306 shares in the last quarter. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Grand Canyon Education stock opened at $118.77 on Friday. The stock has a market cap of $5.83 billion, a PE ratio of 23.33, a PEG ratio of 1.45 and a beta of 1.02. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.84 and a quick ratio of 3.84. Grand Canyon Education has a one year low of $90.67 and a one year high of $130.10.

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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