Barrington Research Comments on Grand Canyon Education, Inc.'s FY2024 Earnings (NASDAQ:LOPE)

Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) - Analysts at Barrington Research raised their FY2024 EPS estimates for shares of Grand Canyon Education in a research note issued to investors on Wednesday, May 8th. Barrington Research analyst A. Paris now expects that the company will earn $7.80 per share for the year, up from their previous forecast of $7.65. Barrington Research has a "Outperform" rating and a $165.00 price target on the stock. The consensus estimate for Grand Canyon Education's current full-year earnings is $7.65 per share. Barrington Research also issued estimates for Grand Canyon Education's Q4 2024 earnings at $2.95 EPS and FY2025 earnings at $8.60 EPS.

LOPE has been the subject of a number of other reports. BMO Capital Markets increased their price target 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 increased their price target on Grand Canyon Education from $165.00 to $170.00 and gave the stock an "outperform" rating in a report on Wednesday.

Grand Canyon Education Stock Up 1.5 %

LOPE traded up $2.18 during midday trading on Thursday, hitting $149.26. 276,848 shares of the company were exchanged, compared to its average volume of 202,621. The firm's 50 day moving average price is $133.57 and its 200-day moving average price is $132.48. Grand Canyon Education has a 1-year low of $99.65 and a 1-year high of $156.56. The firm has a market capitalization of $4.45 billion, a P/E ratio of 20.88, a P/E/G ratio of 1.19 and a beta of 0.60.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last posted its earnings results on Tuesday, May 7th. The company reported $2.35 EPS for the quarter, topping the consensus estimate of $2.22 by $0.13. Grand Canyon Education had a net margin of 21.33% and a return on equity of 31.75%. The business had revenue of $274.68 million for the quarter, compared to the consensus estimate of $272.42 million. During the same period last year, the company earned $2.00 EPS. The firm's revenue was up 9.8% compared to the same quarter last year.

Insider Buying and Selling

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the firm's stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $132.65, for a total value of $198,975.00. Following the completion of the sale, the chief technology officer now owns 25,674 shares of the company's stock, valued at $3,405,656.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Grand Canyon Education

Several hedge funds and other institutional investors have recently made changes to their positions in LOPE. GAMMA Investing LLC bought a new stake in Grand Canyon Education during the 4th quarter worth approximately $54,000. Blue Trust Inc. lifted its stake in Grand Canyon Education by 120.2% during the 4th quarter. Blue Trust Inc. now owns 425 shares of the company's stock valued at $56,000 after acquiring an additional 232 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in Grand Canyon Education by 208.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 429 shares of the company's stock worth $57,000 after acquiring an additional 290 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Grand Canyon Education by 41.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 497 shares of the company's stock worth $66,000 after acquiring an additional 145 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Grand Canyon Education in the fourth quarter valued at about $101,000. 94.17% of the stock is owned by institutional investors.

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.