Grand Canyon Education (NASDAQ:LOPE) Updates 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 Trading Up 5.5 %

Shares of NASDAQ LOPE traded up $8.98 during mid-day trading on Friday, reaching $172.52. The company had a trading volume of 504,597 shares, compared to its average volume of 162,311. The stock has a market cap of $5.08 billion, a PE ratio of 22.67, a P/E/G ratio of 1.34 and a beta of 0.70. The company has a 50-day moving average price of $139.96 and a two-hundred day moving average price of $141.66. Grand Canyon Education has a 1-year low of $118.48 and a 1-year high of $172.88.

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Wednesday, November 6th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. The business had revenue of $238.30 million for the quarter, compared to analysts’ expectations of $239.69 million. Grand Canyon Education had a return on equity of 31.20% and a net margin of 22.09%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.26 EPS. On average, research analysts expect that Grand Canyon Education will post 7.98 EPS for the current year.

Analyst Ratings Changes

LOPE has been the topic of a number of recent research reports. StockNews.com upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Thursday. BMO Capital Markets upped their price target on Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a research report on Thursday. Barrington Research upped their price target on Grand Canyon Education from $165.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Robert W. Baird upped their price target on Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a research report on Thursday.

Insider Activity at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $141.23, for a total value of $211,845.00. Following the transaction, the chief technology officer now owns 22,674 shares in the company, valued at $3,202,249.02. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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.