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

Grand Canyon Education (NASDAQ:LOPE) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of 2.920-2.950 for the period, compared to the consensus EPS 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.

Grand Canyon Education Price Performance

Shares of LOPE traded up $20.40 during midday trading on Wednesday, hitting $160.15. The stock had a trading volume of 636,082 shares, compared to its average volume of 178,061. The firm has a market cap of $4.72 billion, a PE ratio of 21.33, a price-to-earnings-growth ratio of 1.14 and a beta of 0.70. Grand Canyon Education has a 1 year low of $118.48 and a 1 year high of $161.39. The stock’s 50 day moving average is $138.68 and its 200 day moving average is $141.07.

Grand Canyon Education (NASDAQ:LOPE) last released its earnings results on Tuesday, August 6th. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.17. Grand Canyon Education had a return on equity of 31.49% and a net margin of 21.88%. The business had revenue of $227.50 million during the quarter, compared to the consensus estimate of $223.56 million. During the same period last year, the company earned $1.01 earnings per share. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, equities research analysts expect that Grand Canyon Education will post 7.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. StockNews.com downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. BMO Capital Markets raised their price objective on Grand Canyon Education from $160.00 to $162.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Finally, Barrington Research reiterated an “outperform” rating and issued a $165.00 target price on shares of Grand Canyon Education in a report on Friday, September 20th.

Insider Buying and Selling

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $141.23, for a total value of $211,845.00. Following the sale, the chief technology officer now directly owns 22,674 shares of the company’s stock, valued at approximately $3,202,249.02. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is currently owned by corporate 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.