Grand Canyon Education (NASDAQ:LOPE – Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 8.020-8.050 for the period, compared to the consensus earnings per share estimate of 7.990. The company issued revenue guidance of $1.0 billion-$1.0 billion, compared to the consensus revenue estimate of $1.0 billion. Grand Canyon Education also updated its Q4 guidance to $2.86-$2.89 EPS.
Grand Canyon Education Stock Performance
Shares of Grand Canyon Education stock traded up $8.98 during trading hours on Friday, hitting $172.52. The company’s stock had a trading volume of 495,741 shares, compared to its average volume of 162,311. Grand Canyon Education has a 12-month low of $118.48 and a 12-month high of $172.88. The business has a 50 day moving average price of $139.96 and a two-hundred day moving average price of $141.66. The company has a market cap of $5.08 billion, a PE ratio of 22.67, a PEG ratio of 1.34 and a beta of 0.70.
Grand Canyon Education (NASDAQ:LOPE – Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. Grand Canyon Education had a return on equity of 31.20% and a net margin of 22.09%. The company had revenue of $238.30 million for the quarter, compared to analysts’ expectations of $239.69 million. During the same period in the previous year, the firm earned $1.26 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. As a group, research analysts anticipate that Grand Canyon Education will post 7.98 earnings per share for the current year.
Wall Street Analyst Weigh In
Read Our Latest Analysis on LOPE
Insider Transactions at Grand Canyon Education
In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $141.23, for a total transaction of $211,845.00. Following the sale, the chief technology officer now directly owns 22,674 shares in the company, valued at $3,202,249.02. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 2.00% of the company’s stock.
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.
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