Grand Canyon Education (LOPE) Issues Q4 Earnings Guidance

Grand Canyon Education (NASDAQ:LOPE) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided EPS guidance of $1.42 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.40. The company issued revenue guidance of $175 million, compared to the consensus revenue estimate of $175.15 million.Grand Canyon Education also updated its FY 2018 guidance to $4.59-4.59 EPS.

Shares of NASDAQ:LOPE traded down $0.32 on Thursday, hitting $129.35. The stock had a trading volume of 615,048 shares, compared to its average volume of 358,673. Grand Canyon Education has a twelve month low of $85.14 and a twelve month high of $130.10. The company has a debt-to-equity ratio of 0.05, a quick ratio of 5.73 and a current ratio of 5.73. The company has a market capitalization of $6.11 billion, a PE ratio of 32.66, a P/E/G ratio of 1.62 and a beta of 0.79.

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Wednesday, August 8th. The company reported $0.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.10. Grand Canyon Education had a net margin of 22.28% and a return on equity of 21.38%. The company had revenue of $236.82 million for the quarter, compared to the consensus estimate of $235.13 million. During the same quarter in the previous year, the company earned $0.83 EPS. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, analysts forecast that Grand Canyon Education will post 4.89 EPS for the current year.

Several equities research analysts have recently commented on LOPE shares. BidaskClub upgraded shares of Grand Canyon Education from a buy rating to a strong-buy rating in a research note on Tuesday, July 17th. BMO Capital Markets boosted their target price on shares of Grand Canyon Education from $123.00 to $130.00 and gave the company an outperform rating in a research note on Thursday, August 9th. Robert W. Baird boosted their target price on shares of Grand Canyon Education from $122.00 to $125.00 and gave the company an outperform rating in a research note on Thursday, August 9th. Barrington Research restated a buy rating and issued a $135.00 target price on shares of Grand Canyon Education in a research note on Friday, August 10th. Finally, Zacks Investment Research upgraded shares of Grand Canyon Education from a strong sell rating to a hold rating in a research note on Tuesday, August 14th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $133.20.

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Grand Canyon Education Company Profile

Grand Canyon Education, Inc, together with its subsidiaries, provides education services in the United States and Canada. The company operates Grand Canyon University that offers approximately 225 graduate and undergraduate degree programs and certificates across 9 colleges online and on ground through campus in Phoenix, Arizona; leased facilities; and facilities owned by third party employers.

Further Reading: Why do earnings reports matter?

Earnings History and Estimates for Grand Canyon Education (NASDAQ:LOPE)

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