Grand Canyon Education (NASDAQ:LOPE – Get Free Report) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $1.02-1.06 for the period, compared to the consensus EPS 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 Stock Up 1.1 %
Shares of LOPE traded up $1.66 during midday trading on Thursday, reaching $148.74. 188,926 shares of the stock were exchanged, compared to its average volume of 201,524. The stock’s 50 day simple moving average is $133.28 and its 200 day simple moving average is $132.36. Grand Canyon Education has a twelve month low of $99.65 and a twelve month high of $156.56. The company has a market cap of $4.43 billion, a P/E ratio of 21.63, a PEG ratio of 1.19 and a beta of 0.60.
Grand Canyon Education (NASDAQ:LOPE – Get Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.13. Grand Canyon Education had a return on equity of 31.75% and a net margin of 21.33%. The company had revenue of $274.68 million during the quarter, compared to analysts’ expectations of $272.42 million. During the same period in the prior year, the company earned $2.00 EPS. Grand Canyon Education’s revenue was up 9.8% compared to the same quarter last year. As a group, analysts predict that Grand Canyon Education will post 7.65 earnings per share for the current year.
Analyst Upgrades and Downgrades
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Insiders Place Their Bets
In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the company’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 value of $198,975.00. Following the completion of the transaction, the chief technology officer now directly owns 25,674 shares in the company, valued at approximately $3,405,656.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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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