Grand Canyon Education (LOPE) Scheduled to Post Quarterly Earnings on Wednesday

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) is scheduled to release its earnings data after the market closes on Wednesday, November 6th. Analysts expect Grand Canyon Education to post earnings of $1.46 per share for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported $1.27 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.17. The firm had revenue of $227.50 million for the quarter, compared to analysts' expectations of $223.56 million. Grand Canyon Education had a return on equity of 31.49% and a net margin of 21.88%. The company's quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the firm earned $1.01 EPS. On average, analysts expect Grand Canyon Education to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Grand Canyon Education Price Performance

NASDAQ LOPE traded up $0.69 during trading hours on Wednesday, reaching $137.02. The company's stock had a trading volume of 78,144 shares, compared to its average volume of 176,380. Grand Canyon Education has a 1-year low of $117.02 and a 1-year high of $157.53. The company's 50-day moving average is $139.11 and its two-hundred day moving average is $140.80. The firm has a market capitalization of $4.04 billion, a price-to-earnings ratio of 19.07, a P/E/G ratio of 1.10 and a beta of 0.69.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on LOPE shares. StockNews.com cut shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a research note on Wednesday, October 9th. BMO Capital Markets raised their target price on Grand Canyon Education from $160.00 to $162.00 and gave the company an "outperform" rating in a research report on Wednesday, August 7th. Finally, Barrington Research restated an "outperform" rating and issued a $165.00 price objective on shares of Grand Canyon Education in a report on Friday, September 20th.

Insider Activity

In other news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $141.23, for a total transaction of $211,845.00. Following the transaction, the chief technology officer now owns 22,674 shares in the company, valued at $3,202,249.02. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company 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.