Grand Canyon Education (NASDAQ:LOPE) Issues Q4 2024 Earnings Guidance

Grand Canyon Education (NASDAQ:LOPE) updated its fourth quarter 2024 earnings guidance on Wednesday. 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.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. StockNews.com raised Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Thursday. Barrington Research raised their price target on Grand Canyon Education from $165.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday. BMO Capital Markets raised their price target on Grand Canyon Education from $152.00 to $173.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Robert W. Baird raised their price target on Grand Canyon Education from $170.00 to $186.00 and gave the stock an “outperform” rating in a report on Thursday.

Grand Canyon Education Stock Up 5.5 %

Grand Canyon Education stock traded up $8.98 during mid-day trading on Friday, hitting $172.52. 504,597 shares of the company’s stock traded hands, compared to its average volume of 162,311. The firm has a 50 day moving average price of $139.96 and a 200 day moving average price of $141.66. The company has a market cap of $5.08 billion, a PE ratio of 22.67, a price-to-earnings-growth ratio of 1.34 and a beta of 0.70. Grand Canyon Education has a one year low of $118.48 and a one year high of $172.88.

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

Insider Buying and Selling at Grand Canyon Education

In other news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $141.23, for a total transaction of $211,845.00. Following the transaction, the chief technology officer now directly owns 22,674 shares in the company, valued at approximately $3,202,249.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.