Grand Canyon Education, Inc. (LOPE) Releases Q1 Earnings Guidance
Grand Canyon Education, Inc. (NASDAQ:LOPE) updated its first quarter earnings guidance on Thursday. The company provided earnings per share guidance of $1.01 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.00. The company issued revenue guidance of $244.5 million, compared to the consensus revenue estimate of $251.00 million.Grand Canyon Education also updated its FY17 guidance to $3.45 EPS.
A number of brokerages recently commented on LOPE. Zacks Investment Research downgraded shares of Grand Canyon Education from a buy rating to a hold rating in a research report on Wednesday, January 4th. BMO Capital Markets restated a buy rating on shares of Grand Canyon Education in a research report on Wednesday, January 18th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Grand Canyon Education currently has a consensus rating of Buy and a consensus target price of $50.80.
Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) opened at 57.53 on Friday. The company has a 50-day moving average of $58.21 and a 200-day moving average of $49.76. The firm has a market cap of $2.67 billion, a P/E ratio of 19.50 and a beta of 1.38. Grand Canyon Education, Inc. has a 12 month low of $35.71 and a 12 month high of $61.80.
In other news, COO William Stan Meyer sold 20,000 shares of the business’s stock in a transaction dated Tuesday, January 10th. The shares were sold at an average price of $59.24, for a total value of $1,184,800.00. Following the completion of the sale, the chief operating officer now owns 121,362 shares of the company’s stock, valued at approximately $7,189,484.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Daniel E. Bachus sold 14,000 shares of the business’s stock in a transaction dated Tuesday, January 10th. The stock was sold at an average price of $59.23, for a total transaction of $829,220.00. Following the completion of the sale, the chief financial officer now directly owns 122,360 shares of the company’s stock, valued at approximately $7,247,382.80. The disclosure for this sale can be found here. Insiders sold a total of 64,000 shares of company stock valued at $3,791,220 in the last three months. Insiders own 5.30% of the company’s stock.
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Grand Canyon Education Company Profile
Grand Canyon Education, Inc is a regionally accredited university. The Company offers approximately 200 graduate and undergraduate degree programs and certificates across approximately eight colleges both online and on ground in Phoenix, Arizona and at leased facilities and at facilities owned by third-party employers of its students.
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