Grand Canyon Education (NASDAQ:LOPE) posted its quarterly earnings data on Thursday. The company reported $1.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.07, Briefing.com reports. Grand Canyon Education had a net margin of 22.28% and a return on equity of 21.38%. The company had revenue of $155.45 million during the quarter, compared to the consensus estimate of $153.31 million. During the same quarter in the prior year, the company posted $0.81 EPS. The company’s quarterly revenue was down 34.2% compared to the same quarter last year.

LOPE traded down $0.88 on Friday, reaching $128.47. 1,719,215 shares of the company’s stock were exchanged, compared to its average volume of 327,066. The company has a market cap of $6.25 billion, a PE ratio of 32.44, a price-to-earnings-growth ratio of 1.66 and a beta of 0.79. Grand Canyon Education has a twelve month low of $85.14 and a twelve month high of $130.10. The company has a debt-to-equity ratio of 0.05, a quick ratio of 5.73 and a current ratio of 5.73.

A number of institutional investors and hedge funds have recently bought and sold shares of LOPE. Tower Research Capital LLC TRC acquired a new stake in Grand Canyon Education during the 2nd quarter worth approximately $118,000. CIBC Asset Management Inc acquired a new stake in Grand Canyon Education in the third quarter valued at approximately $200,000. We Are One Seven LLC acquired a new stake in Grand Canyon Education in the third quarter valued at approximately $202,000. HRT Financial LLC acquired a new stake in Grand Canyon Education in the second quarter valued at approximately $213,000. Finally, V Wealth Management LLC acquired a new stake in Grand Canyon Education in the second quarter valued at approximately $219,000. 93.94% of the stock is owned by hedge funds and other institutional investors.

LOPE has been the subject of a number of research analyst reports. Barrington Research reaffirmed a “buy” rating and set a $135.00 price objective on shares of Grand Canyon Education in a research note on Friday, October 5th. BidaskClub raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Thursday, October 11th. Zacks Investment Research raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating and set a $134.00 price objective for the company in a research note on Thursday, September 6th. Finally, Robert W. Baird increased their target price on shares of Grand Canyon Education from $122.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, August 9th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $139.40.

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About Grand Canyon Education

Grand Canyon Education, Inc, together with its subsidiaries, provides education services in the United States and Canada. The company operates Grand Canyon University that offers approximately 225 graduate and undergraduate degree programs and certificates across 9 colleges online and on ground through campus in Phoenix, Arizona; leased facilities; and facilities owned by third party employers.

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Earnings History for Grand Canyon Education (NASDAQ:LOPE)

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