Grand Canyon Education (NASDAQ:LOPE) Announces Earnings Results

Grand Canyon Education (NASDAQ:LOPE) issued its quarterly earnings data on Wednesday. The company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02, Briefing.com reports. Grand Canyon Education had a net margin of 21.88% and a return on equity of 31.49%. The firm had revenue of $238.30 million for the quarter, compared to analyst estimates of $239.69 million. During the same quarter in the prior year, the firm earned $1.26 EPS. The company’s revenue was up 7.4% on a year-over-year basis.

Grand Canyon Education Stock Up 2.1 %

Shares of LOPE stock traded up $3.39 during mid-day trading on Thursday, reaching $163.54. 478,934 shares of the stock traded hands, compared to its average volume of 179,502. The stock’s fifty day simple moving average is $139.41 and its two-hundred day simple moving average is $141.36. Grand Canyon Education has a 1-year low of $118.48 and a 1-year high of $164.93. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 22.16, a price-to-earnings-growth ratio of 1.15 and a beta of 0.70.

Insider Buying and Selling

In other news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $141.23, for a total transaction of $211,845.00. Following the transaction, the chief technology officer now owns 22,674 shares in the company, valued at approximately $3,202,249.02. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. BMO Capital Markets lifted their price objective on Grand Canyon Education from $152.00 to $173.00 and gave the stock an “outperform” rating in a research note on Thursday. Barrington Research increased their target price on Grand Canyon Education from $165.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday. Robert W. Baird boosted their price objective on shares of Grand Canyon Education from $170.00 to $186.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, StockNews.com downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.