Grand Canyon Education (NASDAQ:LOPE) updated its third quarter 2019 earnings guidance on Wednesday. The company provided earnings per share guidance of $1.11-1.11 for the period. The company issued revenue guidance of $190.2-190.2 million.Grand Canyon Education also updated its FY19 guidance to $5.10 EPS.
A number of analysts have recently commented on the stock. BidaskClub cut shares of Grand Canyon Education from a strong-buy rating to a buy rating in a research note on Friday, November 16th. ValuEngine upgraded shares of Grand Canyon Education from a hold rating to a buy rating in a research report on Friday, February 22nd. BMO Capital Markets boosted their target price on shares of Grand Canyon Education to $130.00 and gave the company an outperform rating in a report on Friday, February 22nd. Zacks Investment Research upgraded shares of Grand Canyon Education from a hold rating to a buy rating and set a $132.00 target price on the stock in a report on Saturday, February 23rd. Finally, Robert W. Baird decreased their target price on shares of Grand Canyon Education from $141.00 to $130.00 and set an outperform rating on the stock in a report on Wednesday, December 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $133.80.
Shares of NASDAQ:LOPE opened at $114.03 on Friday. The firm has a market cap of $5.51 billion, a P/E ratio of 22.40, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 0.02. Grand Canyon Education has a 1-year low of $90.67 and a 1-year high of $130.10.
Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings results on Wednesday, February 20th. The company reported $1.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.14. The firm had revenue of $177.54 million during the quarter, compared to analysts’ expectations of $175.25 million. Grand Canyon Education had a net margin of 27.09% and a return on equity of 22.16%. Grand Canyon Education’s quarterly revenue was down 34.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.41 EPS. As a group, research analysts expect that Grand Canyon Education will post 5.12 earnings per share for the current fiscal year.
In other news, CEO Brian E. Mueller sold 40,000 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $117.91, for a total value of $4,716,400.00. Following the completion of the sale, the chief executive officer now owns 280,124 shares in the company, valued at approximately $33,029,420.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph N. Mildenhall sold 5,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $118.44, for a total transaction of $592,200.00. Following the completion of the sale, the insider now owns 78,659 shares of the company’s stock, valued at approximately $9,316,371.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 77,000 shares of company stock valued at $9,061,460. 2.40% of the stock is owned by company insiders.
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About Grand Canyon Education
Grand Canyon Education, Inc provides education services in the United States. It offers technology and academic, counseling and support, and marketing and communication services, as well as back office services, such as financial aid processing, accounting, reporting, tax, human resources, and procurement services to the Grand Canyon University.
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