Grand Canyon Education (LOPE) Set to Announce Quarterly Earnings on Wednesday

Grand Canyon Education (NASDAQ:LOPE) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $1.46 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Grand Canyon Education (NASDAQ:LOPE) last released its earnings results on Tuesday, August 6th. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.10 by $0.17. The firm had revenue of $227.50 million during the quarter, compared to analyst estimates of $223.56 million. Grand Canyon Education had a return on equity of 31.49% and a net margin of 21.88%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.01 earnings per share. On average, analysts expect Grand Canyon Education to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Grand Canyon Education Price Performance

Shares of NASDAQ:LOPE opened at $137.33 on Tuesday. The firm has a market capitalization of $4.05 billion, a PE ratio of 18.61, a P/E/G ratio of 1.15 and a beta of 0.70. The business has a 50-day moving average of $138.72 and a two-hundred day moving average of $140.98. Grand Canyon Education has a 12 month low of $118.48 and a 12 month high of $157.53.

Insider Transactions at Grand Canyon Education

In related news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $141.23, for a total transaction of $211,845.00. Following the sale, the chief technology officer now directly owns 22,674 shares in the company, valued at $3,202,249.02. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on LOPE shares. BMO Capital Markets boosted their price target on Grand Canyon Education from $160.00 to $162.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. StockNews.com downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Finally, Barrington Research restated an “outperform” rating and issued a $165.00 price objective on shares of Grand Canyon Education in a report on Friday, September 20th.

About Grand Canyon Education

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.