Equities analysts predict that Grand Canyon Education Inc (NASDAQ:LOPE) will announce $1.10 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Grand Canyon Education’s earnings, with the highest EPS estimate coming in at $1.11 and the lowest estimate coming in at $1.09. Grand Canyon Education reported earnings of $1.01 per share in the same quarter last year, which indicates a positive year over year growth rate of 8.9%. The firm is expected to report its next earnings results on Thursday, February 15th.

According to Zacks, analysts expect that Grand Canyon Education will report full-year earnings of $3.88 per share for the current year, with EPS estimates ranging from $3.83 to $3.91. For the next year, analysts anticipate that the business will report earnings of $4.11 per share, with EPS estimates ranging from $4.09 to $4.15. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Grand Canyon Education.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.05. Grand Canyon Education had a return on equity of 21.40% and a net margin of 19.32%. The firm had revenue of $236.21 million during the quarter, compared to the consensus estimate of $231.43 million. During the same quarter in the prior year, the business posted $0.62 earnings per share. Grand Canyon Education’s revenue for the quarter was up 12.2% on a year-over-year basis.

Several analysts have issued reports on the company. Zacks Investment Research cut Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. ValuEngine upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. BidaskClub cut Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Piper Jaffray Companies restated a “buy” rating and set a $102.00 price objective on shares of Grand Canyon Education in a research note on Monday, December 4th. Finally, Robert W. Baird restated a “buy” rating and set a $100.00 price objective on shares of Grand Canyon Education in a research note on Friday, December 1st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Grand Canyon Education has an average rating of “Buy” and an average price target of $100.80.

Shares of Grand Canyon Education (NASDAQ:LOPE) traded up $0.35 during midday trading on Friday, reaching $93.49. The company’s stock had a trading volume of 198,814 shares, compared to its average volume of 197,282. Grand Canyon Education has a 12-month low of $56.52 and a 12-month high of $96.15. The firm has a market capitalization of $4,459.84, a PE ratio of 24.54, a P/E/G ratio of 1.73 and a beta of 1.35. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.36 and a quick ratio of 1.36.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. raised its position in shares of Grand Canyon Education by 3.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 242,172 shares of the company’s stock worth $18,989,000 after purchasing an additional 7,876 shares during the period. Legal & General Group Plc raised its position in shares of Grand Canyon Education by 6.0% during the 2nd quarter. Legal & General Group Plc now owns 16,845 shares of the company’s stock worth $1,321,000 after purchasing an additional 949 shares during the period. Neuberger Berman Group LLC raised its position in shares of Grand Canyon Education by 13.7% during the 2nd quarter. Neuberger Berman Group LLC now owns 10,892 shares of the company’s stock worth $854,000 after purchasing an additional 1,309 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Grand Canyon Education by 8.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,827 shares of the company’s stock worth $143,000 after purchasing an additional 139 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Grand Canyon Education by 24.9% during the 2nd quarter. Principal Financial Group Inc. now owns 22,882 shares of the company’s stock worth $1,794,000 after purchasing an additional 4,565 shares during the period. Hedge funds and other institutional investors own 96.16% of the company’s stock.

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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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