Grand Canyon Education (NASDAQ:LOPE) Announces Quarterly Earnings Results

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

Grand Canyon Education Trading Up 5.5 %

Shares of NASDAQ:LOPE opened at $172.52 on Friday. The company’s 50 day moving average is $139.96 and its 200 day moving average is $141.66. The company has a market cap of $5.08 billion, a PE ratio of 22.67, a price-to-earnings-growth ratio of 1.34 and a beta of 0.70. Grand Canyon Education has a twelve month low of $118.48 and a twelve month high of $172.88.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on LOPE shares. StockNews.com upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Thursday. BMO Capital Markets increased their price objective on shares of Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a research report on Thursday. Robert W. Baird upped their price target on shares of Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Barrington Research lifted their price objective on shares of Grand Canyon Education from $165.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday.

Insider Transactions at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction dated Wednesday, September 18th. The stock was 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 in the company, valued at approximately $3,202,249.02. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.00% of the company’s stock.

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.