FY2024 EPS Estimates for LOPE Raised by Barrington Research

Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) - Equities research analysts at Barrington Research raised their FY2024 earnings per share (EPS) estimates for Grand Canyon Education in a report issued on Thursday, November 7th. Barrington Research analyst A. Paris now forecasts that the company will post earnings per share of $8.03 for the year, up from their previous forecast of $7.98. Barrington Research currently has a "Outperform" rating and a $180.00 target price on the stock. The consensus estimate for Grand Canyon Education's current full-year earnings is $7.98 per share. Barrington Research also issued estimates for Grand Canyon Education's FY2025 earnings at $8.81 EPS.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.02. Grand Canyon Education had a return on equity of 31.49% and a net margin of 21.88%. The firm had revenue of $238.30 million during the quarter, compared to the consensus estimate of $239.69 million. During the same period last year, the company earned $1.26 earnings per share. The company's revenue was up 7.4% on a year-over-year basis.

Several other analysts also recently issued reports on the company. BMO Capital Markets lifted their target price on Grand Canyon Education from $152.00 to $173.00 and gave the company an "outperform" rating in a research note on Thursday. StockNews.com upgraded Grand Canyon Education from a "hold" rating to a "buy" rating in a report on Thursday. Finally, Robert W. Baird lifted their target price on Grand Canyon Education from $170.00 to $186.00 and gave the stock an "outperform" rating in a report on Thursday.

Grand Canyon Education Stock Up 5.5 %

NASDAQ:LOPE traded up $8.98 on Friday, hitting $172.52. The stock had a trading volume of 495,741 shares, compared to its average volume of 181,000. Grand Canyon Education has a 52-week low of $118.48 and a 52-week high of $172.88. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of 23.38, a price-to-earnings-growth ratio of 1.15 and a beta of 0.70. The business's 50-day simple moving average is $139.96 and its two-hundred day simple moving average is $141.66.

Insider Activity

In other news, CTO Dilek Marsh sold 1,500 shares of the company's stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $141.23, for a total value of $211,845.00. Following the sale, the chief technology officer now owns 22,674 shares in the company, valued at $3,202,249.02. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.00% of the company's stock.

Hedge Funds Weigh In On Grand Canyon Education

A number of hedge funds have recently made changes to their positions in LOPE. Vanguard Group Inc. increased its stake in Grand Canyon Education by 0.8% during the first quarter. Vanguard Group Inc. now owns 3,005,381 shares of the company's stock worth $409,363,000 after acquiring an additional 24,871 shares during the last quarter. Burgundy Asset Management Ltd. increased its stake in Grand Canyon Education by 1.3% during the second quarter. Burgundy Asset Management Ltd. now owns 850,343 shares of the company's stock worth $118,971,000 after acquiring an additional 11,179 shares during the last quarter. Van Berkom & Associates Inc. increased its stake in Grand Canyon Education by 1.5% during the second quarter. Van Berkom & Associates Inc. now owns 756,971 shares of the company's stock worth $105,908,000 after acquiring an additional 11,540 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Grand Canyon Education by 1.8% during the second quarter. Dimensional Fund Advisors LP now owns 716,229 shares of the company's stock worth $100,197,000 after acquiring an additional 12,509 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in Grand Canyon Education by 47.7% during the second quarter. AQR Capital Management LLC now owns 538,532 shares of the company's stock worth $74,452,000 after acquiring an additional 173,800 shares during the last quarter. Institutional investors and hedge funds 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.