Grand Canyon Education (NASDAQ:LOPE) Issues FY24 Earnings Guidance

Grand Canyon Education (NASDAQ:LOPE) updated its FY24 earnings guidance on Tuesday. The company provided EPS guidance of $7.35-7.82 for the period, compared to the consensus EPS estimate of $7.65. The company issued revenue guidance of $1.02-1.04 billion, compared to the consensus revenue estimate of $1.03 billion. Grand Canyon Education also updated its Q2 guidance to $1.02-1.06 EPS.

Grand Canyon Education Stock Up 1.1 %

NASDAQ LOPE traded up $1.47 during trading hours on Tuesday, hitting $139.78. 315,230 shares of the company were exchanged, compared to its average volume of 198,762. The company has a 50 day moving average of $133.01 and a two-hundred day moving average of $132.26. The firm has a market cap of $4.16 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 1.19 and a beta of 0.60. Grand Canyon Education has a 52-week low of $99.65 and a 52-week high of $144.94.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $2.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.72 by $0.05. Grand Canyon Education had a net margin of 21.33% and a return on equity of 31.75%. The company had revenue of $278.28 million during the quarter, compared to the consensus estimate of $275.00 million. On average, equities research analysts predict that Grand Canyon Education will post 7.65 EPS for the current year.

Analyst Ratings Changes

Separately, Barrington Research reissued an outperform rating and issued a $160.00 target price on shares of Grand Canyon Education in a report on Thursday, April 18th.

Insider Buying and Selling

In related news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $132.65, for a total transaction of $198,975.00. Following the completion of the sale, the chief technology officer now owns 25,674 shares in the company, valued at approximately $3,405,656.10. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.00% of the stock is owned by company 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.