Analysts forecast that Grand Canyon Education Inc (NASDAQ:LOPE) will post earnings of $1.39 per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Grand Canyon Education’s earnings. Grand Canyon Education posted earnings per share of $1.12 during the same quarter last year, which indicates a positive year-over-year growth rate of 24.1%. The firm is expected to announce its next quarterly earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that Grand Canyon Education will report full-year earnings of $4.70 per share for the current year, with EPS estimates ranging from $4.69 to $4.71. For the next fiscal year, analysts anticipate that the business will report earnings of $5.16 per share, with EPS estimates ranging from $5.14 to $5.19. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Grand Canyon Education.
Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Wednesday, February 21st. The company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.09. Grand Canyon Education had a net margin of 20.87% and a return on equity of 21.20%. The company had revenue of $271.42 million for the quarter, compared to analyst estimates of $268.42 million. During the same period in the prior year, the business posted $1.01 earnings per share. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year.
Several research analysts have weighed in on the stock. BidaskClub upgraded shares of Grand Canyon Education from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 13th. Barrington Research restated a “buy” rating and set a $115.00 target price on shares of Grand Canyon Education in a research report on Tuesday, March 6th. Zacks Investment Research raised shares of Grand Canyon Education from a “hold” rating to a “strong-buy” rating and set a $117.00 price target on the stock in a report on Tuesday, February 27th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $102.00 price target on shares of Grand Canyon Education in a report on Monday, December 4th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $100.00 price target on shares of Grand Canyon Education in a report on Friday, December 1st. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $109.60.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Grandeur Peak Global Advisors LLC lifted its holdings in shares of Grand Canyon Education by 14.9% in the fourth quarter. Grandeur Peak Global Advisors LLC now owns 28,475 shares of the company’s stock valued at $2,549,000 after purchasing an additional 3,700 shares in the last quarter. Xact Kapitalforvaltning AB purchased a new stake in shares of Grand Canyon Education in the fourth quarter valued at about $370,000. Handelsbanken Fonder AB lifted its holdings in shares of Grand Canyon Education by 10.7% in the fourth quarter. Handelsbanken Fonder AB now owns 1,262,290 shares of the company’s stock valued at $113,013,000 after purchasing an additional 122,000 shares in the last quarter. MetLife Investment Advisors LLC purchased a new stake in shares of Grand Canyon Education in the fourth quarter valued at about $1,856,000. Finally, Jane Street Group LLC purchased a new stake in shares of Grand Canyon Education in the fourth quarter valued at about $225,000. 96.34% of the stock is currently owned by institutional investors.
Grand Canyon Education (LOPE) opened at $104.38 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.06. Grand Canyon Education has a 1 year low of $67.75 and a 1 year high of $109.82. The firm has a market cap of $5,096.28, a PE ratio of 24.79, a price-to-earnings-growth ratio of 1.55 and a beta of 1.26.
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About Grand Canyon Education
Grand Canyon Education, Inc is engaged in the provision of postsecondary education. The Company is a regionally accredited university. The Company offers the degrees, including Doctor of Education, Doctor of Business Administration, Doctor of Nursing Practice, Doctor of Philosophy, Education Specialist, Master of Divinity, Master of Arts, Master of Education, Master of Business Administration and Master of Public Administration, Master of Public Health, Master of Science, Bachelor of Arts, Bachelor of Science, and a range of programs for its degrees.
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