Q4 EPS Estimate for Grand Canyon Education Lifted by Analyst

Grand Canyon Education, Inc. (NASDAQ:LOPE) – Research analysts at Barrington Research upped their Q4 2024 EPS estimates for shares of Grand Canyon Education in a research note issued to investors on Thursday, November 7th. Barrington Research analyst A. Paris now anticipates that the company will earn $2.93 per share for the quarter, up from their previous estimate of $2.90. Barrington Research has a “Outperform” rating and a $180.00 price objective on the stock. The consensus estimate for Grand Canyon Education’s current full-year earnings is $8.03 per share.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.01. Grand Canyon Education had a net margin of 22.09% and a return on equity of 31.01%. The company had revenue of $238.30 million during the quarter, compared to analysts’ expectations of $239.69 million. During the same period in the prior year, the company posted $1.26 earnings per share. Grand Canyon Education’s revenue for the quarter was up 7.4% compared to the same quarter last year.

LOPE has been the subject of a number of other reports. StockNews.com upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Thursday, November 7th. Robert W. Baird raised their price objective on shares of Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, BMO Capital Markets raised their price objective on shares of Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th.

Grand Canyon Education Stock Down 1.1 %

LOPE opened at $170.56 on Monday. Grand Canyon Education has a twelve month low of $118.48 and a twelve month high of $173.37. The company has a fifty day moving average of $139.96 and a 200-day moving average of $141.84. The stock has a market cap of $4.97 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 1.43 and a beta of 0.70.

Insider Transactions at Grand Canyon Education

In related news, CTO Dilek Marsh sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $141.23, for a total transaction of $211,845.00. Following the sale, the chief technology officer now owns 22,674 shares of the company’s stock, valued at approximately $3,202,249.02. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Grand Canyon Education

Institutional investors have recently made changes to their positions in the stock. Reston Wealth Management LLC bought a new position in shares of Grand Canyon Education in the 3rd quarter worth $28,000. Versant Capital Management Inc boosted its stake in shares of Grand Canyon Education by 14,150.0% in the 2nd quarter. Versant Capital Management Inc now owns 285 shares of the company’s stock valued at $40,000 after purchasing an additional 283 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Grand Canyon Education in the 3rd quarter valued at $60,000. Blue Trust Inc. boosted its stake in shares of Grand Canyon Education by 710.7% in the 2nd quarter. Blue Trust Inc. now owns 608 shares of the company’s stock valued at $83,000 after purchasing an additional 533 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Grand Canyon Education by 46.1% in the 2nd quarter. GAMMA Investing LLC now owns 640 shares of the company’s stock valued at $90,000 after purchasing an additional 202 shares in the last quarter. Institutional investors own 94.17% 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.