Grand Canyon Education (NASDAQ:LOPE) Issues Q2 Earnings Guidance

Grand Canyon Education (NASDAQ:LOPE) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.02-1.06 for the period, compared to the consensus estimate of $1.07. The company issued revenue guidance of $222-224 million, compared to the consensus revenue estimate of $223.21 million. Grand Canyon Education also updated its FY24 guidance to $7.35-7.82 EPS.

Grand Canyon Education Price Performance

Shares of Grand Canyon Education stock traded up $1.47 on Tuesday, hitting $139.78. 315,230 shares of the company’s stock traded hands, compared to its average volume of 198,762. The stock has a market capitalization of $4.16 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 1.19 and a beta of 0.60. The firm’s 50-day moving average price is $133.01 and its two-hundred day moving average price is $132.26. Grand Canyon Education has a one year low of $99.65 and a one year high of $144.94.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Tuesday, February 13th. The company reported $2.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.72 by $0.05. Grand Canyon Education had a return on equity of 31.75% and a net margin of 21.33%. The business had revenue of $278.28 million during the quarter, compared to analysts’ expectations of $275.00 million. On average, analysts forecast that Grand Canyon Education will post 7.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Barrington Research reiterated an outperform rating and set a $160.00 target price on shares of Grand Canyon Education in a report on Thursday, April 18th.

Insider Transactions at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction on Monday, March 18th. The shares were sold at an average price of $132.65, for a total value of $198,975.00. Following the sale, the chief technology officer now directly owns 25,674 shares in the company, valued at approximately $3,405,656.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company 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.