Grand Canyon Education (LOPE) Releases Earnings Results, Beats Estimates By $0.07 EPS
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.
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.
Read More: What is Compound Interest?
Receive News & Ratings for Grand Canyon Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grand Canyon Education and related companies with MarketBeat.com's FREE daily email newsletter.