Grand Canyon Education (NASDAQ:LOPE) Issues Q4 2024 Earnings Guidance

Grand Canyon Education (NASDAQ:LOPE) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 2.920-2.950 for the period, compared to the consensus earnings per share estimate of 2.910. The company issued revenue guidance of $289.0 million-$290.0 million, compared to the consensus revenue estimate of $289.3 million. Grand Canyon Education also updated its FY 2024 guidance to 8.020-8.050 EPS.

Grand Canyon Education Price Performance

NASDAQ LOPE traded up $8.98 during mid-day trading on Friday, hitting $172.52. The stock had a trading volume of 495,741 shares, compared to its average volume of 162,311. The firm’s 50 day moving average is $139.96 and its 200 day moving average is $141.66. The stock has a market capitalization of $5.08 billion, a price-to-earnings ratio of 22.67, a PEG ratio of 1.34 and a beta of 0.70. Grand Canyon Education has a twelve month low of $118.48 and a twelve month high of $172.88.

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Wednesday, November 6th. The company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. The business had revenue of $238.30 million during the quarter, compared to analysts’ expectations of $239.69 million. Grand Canyon Education had a net margin of 22.09% and a return on equity of 31.20%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.26 earnings per share. As a group, equities research analysts expect that Grand Canyon Education will post 7.98 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on LOPE. Barrington Research raised their target price on Grand Canyon Education from $165.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday. StockNews.com upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Thursday. BMO Capital Markets boosted their target price on shares of Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Robert W. Baird increased their price target on shares of Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a research note on Thursday.

Insider Buying and Selling

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $141.23, for a total transaction of $211,845.00. Following the completion of the sale, the chief technology officer now directly owns 22,674 shares in the company, valued at $3,202,249.02. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate 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.