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

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 2.810-3.090 for the period. The company issued revenue guidance of $287.0 million-$299.0 million. Grand Canyon Education also updated its FY 2024 guidance to 7.570-8.040 EPS.

Grand Canyon Education Trading Up 5.2 %

LOPE stock traded up $7.30 during midday trading on Wednesday, hitting $147.08. 466,651 shares of the company's stock were exchanged, compared to its average volume of 201,720. Grand Canyon Education has a 1-year low of $99.65 and a 1-year high of $156.56. The business has a 50-day simple moving average of $133.28 and a two-hundred day simple moving average of $132.36. The stock has a market capitalization of $4.38 billion, a PE ratio of 21.63, a P/E/G ratio of 1.19 and a beta of 0.60.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $2.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.22 by $0.13. Grand Canyon Education had a return on equity of 31.75% and a net margin of 21.33%. The firm had revenue of $274.68 million during the quarter, compared to the consensus estimate of $272.42 million. During the same period last year, the company earned $2.00 EPS. The company's quarterly revenue was up 9.8% on a year-over-year basis. As a group, research analysts expect that Grand Canyon Education will post 7.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. BMO Capital Markets raised their target price on Grand Canyon Education from $150.00 to $155.00 and gave the company an outperform rating in a report on Wednesday. Barrington Research lifted their price objective on shares of Grand Canyon Education from $160.00 to $165.00 and gave the company an outperform rating in a report on Wednesday. Finally, Robert W. Baird increased their target price on shares of Grand Canyon Education from $165.00 to $170.00 and gave the stock an outperform rating in a report on Wednesday.

Insider Activity

In related news, CTO Dilek Marsh sold 1,500 shares of the company'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 transaction of $198,975.00. Following the sale, the chief technology officer now directly owns 25,674 shares in the company, valued at $3,405,656.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.00% of the company's stock.

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.