Grand Canyon Education (NASDAQ:LOPE) Issues Earnings Results

Grand Canyon Education (NASDAQ:LOPE) released its earnings results on Wednesday. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $239.69 million. During the same quarter in the previous year, the firm earned $1.26 earnings per share. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year.

Grand Canyon Education Price Performance

Shares of LOPE stock opened at $163.54 on Friday. Grand Canyon Education has a 12-month low of $118.48 and a 12-month high of $164.93. The firm has a market capitalization 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. The business has a 50 day simple moving average of $139.41 and a 200 day simple moving average of $141.36.

Insider Buying and Selling at Grand Canyon Education

In other news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $141.23, for a total value 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

LOPE has been the topic of several research reports. StockNews.com upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Thursday. BMO Capital Markets raised their price target on Grand Canyon Education from $152.00 to $173.00 and gave the stock an “outperform” rating in a report on Thursday. Barrington Research upped their price objective on Grand Canyon Education from $165.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Robert W. Baird raised their target price on Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a research note on Thursday.

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.