Grand Canyon Education (NASDAQ:LOPE) released its quarterly earnings data on Thursday. The company reported $1.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.07, Briefing.com reports. The company had revenue of $155.45 million during the quarter, compared to the consensus estimate of $153.31 million. Grand Canyon Education had a net margin of 22.28% and a return on equity of 21.38%. Grand Canyon Education’s revenue for the quarter was down 34.2% on a year-over-year basis. During the same period last year, the firm earned $0.81 EPS.
NASDAQ:LOPE traded down $0.88 during trading hours on Friday, hitting $128.47. The stock had a trading volume of 1,719,215 shares, compared to its average volume of 327,066. The company has a debt-to-equity ratio of 0.05, a current ratio of 5.73 and a quick ratio of 5.73. Grand Canyon Education has a one year low of $85.14 and a one year high of $130.10. The company has a market cap of $6.25 billion, a price-to-earnings ratio of 32.44, a PEG ratio of 1.66 and a beta of 0.79.
Large investors have recently made changes to their positions in the business. Waddell & Reed Financial Inc. bought a new position in Grand Canyon Education in the 2nd quarter valued at $51,907,000. Handelsbanken Fonder AB boosted its holdings in Grand Canyon Education by 2.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 1,215,290 shares of the company’s stock valued at $137,085,000 after purchasing an additional 26,000 shares during the period. GSA Capital Partners LLP bought a new position in Grand Canyon Education in the 2nd quarter valued at $2,345,000. Yorktown Management & Research Co Inc bought a new position in Grand Canyon Education in the 2nd quarter valued at $335,000. Finally, State of Alaska Department of Revenue bought a new position in Grand Canyon Education in the 2nd quarter valued at $639,000. 93.94% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently commented on the stock. Robert W. Baird raised their price objective on shares of Grand Canyon Education from $125.00 to $141.00 and gave the stock an “outperform” rating in a report on Friday. Barrington Research raised their price objective on shares of Grand Canyon Education from $135.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday. BidaskClub raised shares of Grand Canyon Education from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 18th. Finally, Zacks Investment Research downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Grand Canyon Education presently has a consensus rating of “Buy” and a consensus target price of $139.40.
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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.
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