Grand Canyon Education (NASDAQ:LOPE) Issues FY24 Earnings Guidance

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $7.35-7.82 for the period, compared to the consensus estimate of $7.65. The company issued revenue guidance of $1.02-1.04 billion, compared to the consensus revenue estimate of $1.03 billion. Grand Canyon Education also updated its Q2 guidance to $1.02-1.06 EPS.

Grand Canyon Education Stock Performance

Grand Canyon Education stock traded up $1.47 during mid-day trading on Tuesday, reaching $139.78. 315,230 shares of the company were exchanged, compared to its average volume of 198,762. The firm has a market cap of $4.16 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 1.19 and a beta of 0.60. Grand Canyon Education has a twelve month low of $99.65 and a twelve month high of $144.94. The firm's 50-day simple moving average is $133.01 and its two-hundred day simple moving average is $132.26.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $2.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.72 by $0.05. The business had revenue of $278.28 million for the quarter, compared to analyst estimates of $275.00 million. Grand Canyon Education had a net margin of 21.33% and a return on equity of 31.75%. As a group, equities research analysts anticipate that Grand Canyon Education will post 7.65 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Barrington Research reissued an outperform rating and issued a $160.00 target price on shares of Grand Canyon Education in a report on Thursday, April 18th.

Insider Buying and Selling

In other news, CTO Dilek Marsh sold 1,500 shares of the business's stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $132.65, for a total value of $198,975.00. Following the completion of the transaction, the chief technology officer now owns 25,674 shares of the company's stock, valued at $3,405,656.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 2.00% of the company's stock.

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.