Grand Canyon Education (NASDAQ:LOPE) Announces Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Grand Canyon Education (NASDAQ:LOPE) announced its quarterly earnings data on Wednesday. The company reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.02, Zacks reports. Grand Canyon Education had a return on equity of 31.01% and a net margin of 22.09%.

Grand Canyon Education Trading Down 0.8 %

NASDAQ:LOPE opened at $184.02 on Thursday. The firm has a market capitalization of $5.36 billion, a PE ratio of 24.18, a price-to-earnings-growth ratio of 1.40 and a beta of 0.74. The stock has a 50 day moving average of $170.10 and a 200-day moving average of $154.97. Grand Canyon Education has a 52 week low of $126.17 and a 52 week high of $185.66.

Insider Activity

In other news, CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $166.07, for a total transaction of $249,105.00. Following the completion of the transaction, the chief technology officer now directly owns 21,174 shares in the company, valued at approximately $3,516,366.18. The trade was a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. BMO Capital Markets boosted their price objective on Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Robert W. Baird upped their target price on Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Barrington Research reaffirmed an “outperform” rating and set a $180.00 target price on shares of Grand Canyon Education in a report on Monday, January 27th. Finally, StockNews.com lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Friday, November 15th.

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.