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

Grand Canyon Education (NASDAQ:LOPE) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) 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 Price Performance

Shares of Grand Canyon Education stock traded up $2.18 during trading on Thursday, hitting $149.26. 276,848 shares of the company’s stock traded hands, compared to its average volume of 202,621. The company has a market cap of $4.45 billion, a PE ratio of 20.88, a PEG ratio of 1.19 and a beta of 0.60. The firm’s fifty day moving average price is $133.57 and its 200 day moving average price is $132.48. Grand Canyon Education has a twelve month low of $99.65 and a twelve month high of $156.56.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings data on Tuesday, May 7th. The company reported $2.35 earnings per share for the quarter, beating 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 company had revenue of $274.68 million for the quarter, compared to the consensus estimate of $272.42 million. During the same period in the previous year, the business earned $2.00 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. As a group, equities research analysts anticipate that Grand Canyon Education will post 7.65 earnings per share for the current year.

Analysts Set New Price Targets

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

Insider Activity at Grand Canyon Education

In other 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 transaction, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is currently owned by company insiders.

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.