Grand Canyon Education (LOPE) Scheduled to Post Quarterly Earnings on Wednesday

Grand Canyon Education (NASDAQ:LOPE) is scheduled to post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Grand Canyon Education to post earnings of $1.46 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Tuesday, August 6th. The company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.17. The company had revenue of $227.50 million for the quarter, compared to the consensus estimate of $223.56 million. Grand Canyon Education had a return on equity of 31.49% and a net margin of 21.88%. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.01 earnings per share. On average, analysts expect Grand Canyon Education to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Grand Canyon Education Trading Up 2.2 %

NASDAQ LOPE opened at $136.33 on Wednesday. The stock has a market cap of $4.02 billion, a PE ratio of 19.07, a P/E/G ratio of 1.10 and a beta of 0.69. Grand Canyon Education has a twelve month low of $117.02 and a twelve month high of $157.53. The stock has a fifty day simple moving average of $139.11 and a 200-day simple moving average of $140.80.

Insider Activity

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $141.23, for a total value of $211,845.00. Following the completion of the transaction, the chief technology officer now owns 22,674 shares of the company’s stock, valued at $3,202,249.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LOPE. Barrington Research reiterated an “outperform” rating and set a $165.00 price target on shares of Grand Canyon Education in a research report on Friday, September 20th. BMO Capital Markets lifted their target price on shares of Grand Canyon Education from $160.00 to $162.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, StockNews.com cut Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th.

About Grand Canyon Education

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.