Grand Canyon Education (NASDAQ:LOPE) Issues Earnings Results, Beats Expectations By $0.01 EPS

Grand Canyon Education (NASDAQ:LOPE) posted its earnings results on Wednesday. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.01, Briefing.com reports. Grand Canyon Education had a net margin of 22.09% and a return on equity of 31.20%. The firm had revenue of $238.30 million during the quarter, compared to the consensus estimate of $239.69 million. During the same period last year, the firm posted $1.26 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis.

Grand Canyon Education Trading Up 5.5 %

Grand Canyon Education stock opened at $172.52 on Friday. The stock has a fifty day moving average price of $139.96 and a 200 day moving average price of $141.66. Grand Canyon Education has a 52 week low of $118.48 and a 52 week high of $172.88. The firm has a market capitalization of $5.08 billion, a P/E ratio of 22.67, a PEG ratio of 1.34 and a beta of 0.70.

Analysts Set New Price Targets

Several research analysts recently issued reports on LOPE shares. StockNews.com upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Thursday. Barrington Research boosted their price target 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 increased their price objective on Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, BMO Capital Markets upped their target price on shares of Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a report on Thursday.

Insider Buying and Selling at Grand Canyon Education

In related news, CTO Dilek Marsh sold 1,500 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief technology officer now owns 22,674 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. 2.00% of the stock is owned by company insiders.

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.