What is Barrington Research’s Estimate for LOPE Q4 Earnings?

Grand Canyon Education, Inc. (NASDAQ:LOPE) – Equities researchers at Barrington Research boosted their Q4 2024 earnings per share estimates for Grand Canyon Education in a report released on Thursday, November 7th. Barrington Research analyst A. Paris now anticipates that the company will earn $2.93 per share for the quarter, up from their prior forecast of $2.90. Barrington Research has a “Outperform” rating and a $180.00 price objective on the stock. The consensus estimate for Grand Canyon Education’s current full-year earnings is $8.03 per share.

A number of other analysts have also issued reports on the company. Robert W. Baird raised their target price on Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. BMO Capital Markets raised their price objective on shares of Grand Canyon Education from $152.00 to $173.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, StockNews.com upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Thursday, November 7th.

Grand Canyon Education Stock Performance

Shares of NASDAQ:LOPE opened at $170.14 on Monday. Grand Canyon Education has a 52-week low of $118.48 and a 52-week high of $173.37. The company has a market cap of $4.96 billion, a P/E ratio of 22.41, a P/E/G ratio of 1.43 and a beta of 0.70. The stock’s 50-day moving average is $140.47 and its 200-day moving average is $142.13.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Wednesday, November 6th. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.01. The business had revenue of $238.30 million for the quarter, compared to analyst estimates of $239.69 million. Grand Canyon Education had a net margin of 22.09% and a return on equity of 31.01%. Grand Canyon Education’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the business posted $1.26 EPS.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LOPE. Vanguard Group Inc. lifted its position in shares of Grand Canyon Education by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 3,005,381 shares of the company’s stock worth $409,363,000 after buying an additional 24,871 shares during the period. Burgundy Asset Management Ltd. grew its holdings in shares of Grand Canyon Education by 1.3% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 850,343 shares of the company’s stock worth $118,971,000 after purchasing an additional 11,179 shares during the last quarter. Van Berkom & Associates Inc. increased its position in shares of Grand Canyon Education by 1.5% during the 2nd quarter. Van Berkom & Associates Inc. now owns 756,971 shares of the company’s stock worth $105,908,000 after purchasing an additional 11,540 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Grand Canyon Education by 1.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 716,229 shares of the company’s stock valued at $100,197,000 after purchasing an additional 12,509 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in Grand Canyon Education by 47.7% in the second quarter. AQR Capital Management LLC now owns 538,532 shares of the company’s stock valued at $74,452,000 after buying an additional 173,800 shares in the last quarter. Institutional investors own 94.17% of the company’s stock.

Insider Transactions at Grand Canyon Education

In related news, CTO Dilek Marsh sold 1,500 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $141.23, for a total value of $211,845.00. Following the completion of the transaction, the chief technology officer now directly owns 22,674 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is owned by insiders.

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.