Grand Canyon Education (NASDAQ:LOPE) Issues Earnings Results, Beats Estimates By $0.02 EPS

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.93 by $0.02, Zacks reports. The company had revenue of $292.57 million for the quarter, compared to analysts' expectations of $289.62 million. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.91%.

Grand Canyon Education Stock Down 3.0 %

Shares of NASDAQ LOPE traded down $5.57 during midday trading on Friday, hitting $181.70. The stock had a trading volume of 229,062 shares, compared to its average volume of 152,464. The business's 50 day moving average is $170.74 and its 200-day moving average is $155.40. The company has a market cap of $5.30 billion, a P/E ratio of 23.48, a PEG ratio of 1.39 and a beta of 0.74. Grand Canyon Education has a 52 week low of $126.17 and a 52 week high of $192.18.

Analyst Upgrades and Downgrades

LOPE has been the topic of a number of recent research reports. Barrington Research upped their price objective on shares of Grand Canyon Education from $180.00 to $205.00 and gave the stock an "outperform" rating in a report on Thursday. StockNews.com cut shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a report on Friday, November 15th. Robert W. Baird upped their price objective on shares of Grand Canyon Education from $170.00 to $186.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Finally, BMO Capital Markets upped their price objective on shares of Grand Canyon Education from $181.00 to $202.00 and gave the stock an "outperform" rating in a report on Friday.

Insider Transactions at Grand Canyon Education

In related news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $166.07, for a total transaction of $249,105.00. Following the transaction, the chief technology officer now owns 21,174 shares in the company, valued at $3,516,366.18. This represents a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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.