Grand Canyon Education (LOPE) Issues FY19 Earnings Guidance

Grand Canyon Education (NASDAQ:LOPE) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided EPS guidance of $5.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.06. The company issued revenue guidance of $775.5 million, compared to the consensus revenue estimate of $765.55 million.Grand Canyon Education also updated its Q1 guidance to $1.49 EPS.

LOPE traded up $0.24 during trading on Wednesday, reaching $97.16. The company had a trading volume of 339,200 shares, compared to its average volume of 368,765. The stock has a market capitalization of $4.63 billion, a P/E ratio of 24.54, a P/E/G ratio of 1.18 and a beta of 0.96. Grand Canyon Education has a 12-month low of $90.67 and a 12-month high of $130.10. The company has a current ratio of 4.65, a quick ratio of 4.65 and a debt-to-equity ratio of 0.05.

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 for the quarter, compared to analysts’ expectations of $175.25 million. Grand Canyon Education had a return on equity of 21.66% and a net margin of 23.60%. Grand Canyon Education’s revenue was down 34.6% on a year-over-year basis. During the same quarter last year, the business posted $1.41 EPS. On average, research analysts predict that Grand Canyon Education will post 4.94 earnings per share for the current year.

A number of equities analysts recently weighed in on LOPE shares. Zacks Investment Research raised Grand Canyon Education from a hold rating to a buy rating and set a $144.00 price target on the stock in a research note on Tuesday, November 13th. BidaskClub cut Grand Canyon Education from a strong-buy rating to a buy rating in a research note on Friday, November 16th. Barrington Research reissued a buy rating and issued a $150.00 price target on shares of Grand Canyon Education in a research note on Tuesday, December 18th. ValuEngine cut Grand Canyon Education from a buy rating to a hold rating in a research note on Friday, January 11th. Finally, Robert W. Baird lifted their price target on Grand Canyon Education from $125.00 to $141.00 and gave the stock an outperform rating in a research note on Friday, November 9th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $125.80.

In other Grand Canyon Education news, CEO Brian E. Mueller sold 30,000 shares of Grand Canyon Education stock in a transaction dated Monday, December 10th. The stock was sold at an average price of $111.39, for a total transaction of $3,341,700.00. Following the transaction, the chief executive officer now owns 308,339 shares of the company’s stock, valued at approximately $34,345,881.21. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Daniel E. Bachus sold 15,000 shares of Grand Canyon Education stock in a transaction dated Monday, December 10th. The shares were sold at an average price of $111.39, for a total value of $1,670,850.00. Following the transaction, the chief financial officer now directly owns 111,611 shares in the company, valued at approximately $12,432,349.29. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 47,000 shares of company stock worth $5,233,970. Company insiders own 2.40% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This report was reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this report on another site, it was stolen and republished in violation of US & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.chaffeybreeze.com/2019/02/20/grand-canyon-education-lope-issues-fy19-earnings-guidance.html.

About Grand Canyon Education

Grand Canyon Education, Inc, together with its subsidiaries, provides education services in the United States and Canada. The company operates Grand Canyon University that offers approximately 225 graduate and undergraduate degree programs and certificates across 9 colleges online and on ground through campus in Phoenix, Arizona; leased facilities; and facilities owned by third party employers.

Further Reading: How to execute a trade ex-dividend strategy?

Earnings History and Estimates for Grand Canyon Education (NASDAQ:LOPE)

Receive News & Ratings for Grand Canyon Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grand Canyon Education and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply