Grand Canyon Education (NASDAQ:LOPE – Get Free Report) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $2.86-$2.89 for the period, compared to the consensus earnings per share estimate of $2.91. The company issued revenue guidance of $289-$290 million, compared to the consensus revenue estimate of $289.30 million. Grand Canyon Education also updated its FY 2024 guidance to 8.020-8.050 EPS.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on LOPE shares. Barrington Research lifted their price target on shares of Grand Canyon Education from $165.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday. StockNews.com raised Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Thursday. Robert W. Baird increased their price target on Grand Canyon Education from $170.00 to $186.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, BMO Capital Markets lifted 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.
Read Our Latest Research Report on LOPE
Grand Canyon Education Trading Up 5.5 %
Grand Canyon Education (NASDAQ:LOPE – Get Free Report) last released its 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. The company had revenue of $238.30 million during the quarter, compared to analysts’ expectations of $239.69 million. Grand Canyon Education had a net margin of 21.88% and a return on equity of 31.49%. Grand Canyon Education’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the business earned $1.26 EPS. On average, equities research analysts anticipate that Grand Canyon Education will post 7.98 EPS for the current year.
Insiders Place Their Bets
In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $141.23, for a total value of $211,845.00. Following the sale, the chief technology officer now directly 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 Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is currently owned by insiders.
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.
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