Grand Canyon Education (NASDAQ:LOPE – Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 7.570-8.040 for the period, compared to the consensus estimate of 7.650. The company issued revenue guidance of $1.0 billion-$1.0 billion, compared to the consensus revenue estimate of $1.0 billion. Grand Canyon Education also updated its Q2 2024 guidance to 1.070-1.110 EPS.
Wall Street Analyst Weigh In
Several analysts recently weighed in on LOPE shares. Robert W. Baird increased their target price on Grand Canyon Education from $165.00 to $170.00 and gave the company an outperform rating in a research note on Wednesday. Barrington Research upped 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 note on Wednesday. Finally, BMO Capital Markets increased their target price on shares of Grand Canyon Education from $150.00 to $155.00 and gave the company an outperform rating in a research note on Wednesday.
View Our Latest Stock Report on Grand Canyon Education
Grand Canyon Education Stock Up 1.5 %
Grand Canyon Education (NASDAQ:LOPE – Get Free Report) last issued its earnings results on Tuesday, May 7th. The company reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.13. Grand Canyon Education had a net margin of 21.33% and a return on equity of 31.75%. The business had revenue of $274.68 million for the quarter, compared to analyst estimates of $272.42 million. During the same period in the previous year, the business earned $2.00 EPS. The firm’s revenue was up 9.8% on a year-over-year basis. As a group, research analysts forecast that Grand Canyon Education will post 7.65 EPS for the current year.
Insider Buying and Selling at Grand Canyon Education
In related news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction dated Monday, March 18th. The shares were 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 approximately $3,405,656.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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.
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