Grand Canyon Education (LOPE) Expected to Announce Earnings on Tuesday

Grand Canyon Education (NASDAQ:LOPE) will likely be issuing its quarterly earnings data before the market opens on Tuesday, February 11th. Analysts expect the company to announce earnings of $2.93 per share and revenue of $289.43 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.01. The company had revenue of $238.30 million during the quarter, compared to analysts’ expectations of $239.69 million. Grand Canyon Education had a return on equity of 31.01% and a net margin of 22.09%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.26 earnings per share. On average, analysts expect Grand Canyon Education to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Grand Canyon Education Trading Up 0.8 %

Shares of LOPE stock opened at $177.03 on Tuesday. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 23.26, a PEG ratio of 1.33 and a beta of 0.75. The stock has a 50-day moving average of $166.57 and a 200-day moving average of $152.47. Grand Canyon Education has a 1-year low of $118.48 and a 1-year high of $180.98.

Insider Activity at Grand Canyon Education

In related news, CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $166.07, for a total transaction of $249,105.00. Following the transaction, the chief technology officer now owns 21,174 shares in the company, valued at $3,516,366.18. The trade was a 6.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

LOPE has been the subject of several recent research reports. StockNews.com cut Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. BMO Capital Markets raised their price objective on shares of Grand Canyon Education from $152.00 to $173.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Barrington Research reiterated an “outperform” rating and set a $180.00 target price on shares of Grand Canyon Education in a research report on Monday, January 27th. Finally, Robert W. Baird boosted their target price on shares of Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th.

About Grand Canyon Education

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.