Grand Canyon Education (NASDAQ:LOPE – Get Rating) will issue its quarterly earnings data after the market closes on Thursday, August 4th. Analysts expect the company to announce earnings of $0.84 per share for the quarter. Grand Canyon Education has set its Q2 guidance at $0.80-0.87 EPS and its FY22 guidance at $5.53-6.09 EPS.Parties interested in participating in the company’s conference call can do so using this link.
Grand Canyon Education (NASDAQ:LOPE – Get Rating) last released its earnings results on Wednesday, May 4th. The company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.02. The business had revenue of $244.13 million for the quarter, compared to the consensus estimate of $241.78 million. Grand Canyon Education had a return on equity of 20.81% and a net margin of 26.59%. Grand Canyon Education’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.72 earnings per share. On average, analysts expect Grand Canyon Education to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Grand Canyon Education Stock Performance
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NASDAQ:LOPE opened at $96.95 on Thursday. The stock’s 50-day simple moving average is $90.46 and its 200 day simple moving average is $90.74. The company has a market cap of $3.13 billion, a P/E ratio of 16.21, a P/E/G ratio of 1.08 and a beta of 0.44. Grand Canyon Education has a 52-week low of $70.00 and a 52-week high of $102.04.
Insiders Place Their Bets
In other Grand Canyon Education news, CAO Lori Browning sold 1,000 shares of the business’s stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $90.37, for a total value of $90,370.00. Following the completion of the sale, the chief accounting officer now directly owns 15,369 shares of the company’s stock, valued at $1,388,896.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Grand Canyon Education
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Yousif Capital Management LLC lifted its holdings in shares of Grand Canyon Education by 0.8% in the 1st quarter. Yousif Capital Management LLC now owns 21,028 shares of the company’s stock worth $2,042,000 after acquiring an additional 168 shares during the last quarter. Covestor Ltd boosted its stake in Grand Canyon Education by 66.6% in the 1st quarter. Covestor Ltd now owns 1,123 shares of the company’s stock worth $109,000 after purchasing an additional 449 shares in the last quarter. Brinker Capital Investments LLC boosted its stake in Grand Canyon Education by 6.1% in the 1st quarter. Brinker Capital Investments LLC now owns 9,227 shares of the company’s stock worth $896,000 after purchasing an additional 533 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Grand Canyon Education by 16.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,384 shares of the company’s stock valued at $813,000 after acquiring an additional 1,184 shares during the period. Finally, Captrust Financial Advisors lifted its stake in Grand Canyon Education by 6.4% during the 1st quarter. Captrust Financial Advisors now owns 20,014 shares of the company’s stock valued at $1,944,000 after acquiring an additional 1,212 shares during the period. Hedge funds and other institutional investors own 91.04% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on LOPE. Barrington Research upped their target price on Grand Canyon Education from $100.00 to $110.00 in a research note on Thursday, May 5th. Robert W. Baird increased their price objective on shares of Grand Canyon Education from $95.00 to $111.00 in a research report on Thursday, May 5th. StockNews.com cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Wednesday, May 11th. Finally, TheStreet raised shares of Grand Canyon Education from a “c+” rating to a “b” rating in a research report on Tuesday, April 5th.
Grand Canyon Education Company Profile
Grand Canyon Education, Inc provides education services to colleges and universities in the United States. The company’s technology services include learning management system, internal administration, infrastructure, and support services; academic services comprises program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support include admission, financial aid, and field experience and other counseling services.
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