Grand Canyon Education (NASDAQ:LOPE – Get Free Report) updated its third quarter 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.350-1.510 for the period. The company issued revenue guidance of $236.5 million-$244.0 million. Grand Canyon Education also updated its FY 2024 guidance to 7.570-8.040 EPS.
Analyst Ratings Changes
LOPE has been the topic of several recent research reports. BMO Capital Markets boosted their price target on shares of Grand Canyon Education from $150.00 to $155.00 and gave the company an outperform rating in a research report on Wednesday. Barrington Research increased their price target on shares of Grand Canyon Education from $160.00 to $165.00 and gave the company an outperform rating in a research note on Wednesday. Finally, Robert W. Baird lifted their price target on shares of Grand Canyon Education from $165.00 to $170.00 and gave the company an outperform rating in a research report on Wednesday.
Get Our Latest Analysis on Grand Canyon Education
Grand Canyon Education Trading Up 1.5 %
Grand Canyon Education (NASDAQ:LOPE – Get Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.13. The firm had revenue of $274.68 million during the quarter, compared to analysts’ expectations of $272.42 million. Grand Canyon Education had a net margin of 21.33% and a return on equity of 31.75%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the company posted $2.00 EPS. As a group, sell-side analysts predict that Grand Canyon Education will post 7.65 EPS for the current year.
Insider Buying and Selling
In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction dated 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is 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.
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