Grand Canyon Education (NASDAQ:LOPE) Issues FY24 Earnings Guidance

Grand Canyon Education (NASDAQ:LOPE) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $7.35-7.82 for the period, compared to the consensus estimate of $7.65. The company issued revenue guidance of $1.02-1.04 billion, compared to the consensus revenue estimate of $1.03 billion. Grand Canyon Education also updated its Q2 guidance to $1.02-1.06 EPS.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LOPE. BMO Capital Markets upped their price target on shares of Grand Canyon Education from $150.00 to $155.00 and gave the company an outperform rating in a report on Wednesday. Barrington Research raised their target price on shares of Grand Canyon Education from $160.00 to $165.00 and gave the company an outperform rating in a research report on Wednesday. Finally, Robert W. Baird boosted their price target on shares of Grand Canyon Education from $165.00 to $170.00 and gave the stock an outperform rating in a research report on Wednesday.

Grand Canyon Education Trading Up 5.2 %

Shares of Grand Canyon Education stock traded up $7.30 on Wednesday, reaching $147.08. 466,651 shares of the company were exchanged, compared to its average volume of 201,720. The company has a market capitalization of $4.38 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 1.19 and a beta of 0.60. Grand Canyon Education has a one year low of $99.65 and a one year high of $156.56. The company has a 50-day moving average of $133.28 and a 200 day moving average of $132.36.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.13. The firm had revenue of $274.68 million for the quarter, compared to analyst estimates of $272.42 million. Grand Canyon Education had a net margin of 21.33% and a return on equity of 31.75%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.00 earnings per share. Analysts predict that Grand Canyon Education will post 7.65 earnings per share for the current year.

Insider Buying and Selling at Grand Canyon Education

In other news, CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $132.65, for a total transaction of $198,975.00. Following the completion of the sale, the chief technology officer now owns 25,674 shares in the company, valued at $3,405,656.10. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.00% of the company’s stock.

Grand Canyon Education Company Profile

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.