Grand Canyon Education (NASDAQ:LOPE – Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 7.570-8.040 for the period, compared to the consensus EPS estimate of 7.650. The company issued revenue guidance of $1.0 billion-$1.0 billion, compared to the consensus revenue estimate of $1.0 billion. Grand Canyon Education also updated its Q2 2024 guidance to 1.070-1.110 EPS.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on LOPE shares. BMO Capital Markets boosted their price objective on Grand Canyon Education from $150.00 to $155.00 and gave the stock an outperform rating in a report on Wednesday. Robert W. Baird boosted their price target on shares of Grand Canyon Education from $165.00 to $170.00 and gave the stock an outperform rating in a research note on Wednesday. Finally, Barrington Research raised their price objective on shares of Grand Canyon Education from $160.00 to $165.00 and gave the company an outperform rating in a research report on Wednesday.
Check Out Our Latest Stock Report on LOPE
Grand Canyon Education Stock Up 1.5 %
Grand Canyon Education (NASDAQ:LOPE – Get Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.13. The business had revenue of $274.68 million for the quarter, compared to analysts’ expectations of $272.42 million. Grand Canyon Education had a net margin of 21.33% and a return on equity of 31.75%. The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the business earned $2.00 earnings per share. On average, analysts forecast that Grand Canyon Education will post 7.65 earnings per share for the current fiscal year.
Insider Activity at Grand Canyon Education
In other news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $132.65, for a total value of $198,975.00. Following the transaction, the chief technology officer now owns 25,674 shares in the company, valued at $3,405,656.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.00% of the stock is owned by insiders.
Grand Canyon Education Company Profile
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.
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