What is Barrington Research's Forecast for LOPE Q4 Earnings?

Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) - Investment analysts at Barrington Research increased their Q4 2024 earnings estimates for shares of Grand Canyon Education in a note issued to investors on Thursday, November 7th. Barrington Research analyst A. Paris now expects that the company will post earnings per share of $2.93 for the quarter, up from their previous forecast of $2.90. 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 $8.03 per share.

A number of other equities analysts have also recently commented on LOPE. StockNews.com raised shares of Grand Canyon Education from a "hold" rating to a "buy" rating in a research note on Thursday. BMO Capital Markets lifted their price objective on shares of Grand Canyon Education from $152.00 to $173.00 and gave the stock an "outperform" rating in a research note on Thursday. Finally, Robert W. Baird lifted their price objective on shares of Grand Canyon Education from $170.00 to $186.00 and gave the stock an "outperform" rating in a research note on Thursday.

Grand Canyon Education Stock Performance

Shares of NASDAQ:LOPE traded down $1.96 on Monday, reaching $170.56. The company's stock had a trading volume of 381,155 shares, compared to its average volume of 181,918. Grand Canyon Education has a 52-week low of $118.48 and a 52-week high of $173.37. The company has a market cap of $4.97 billion, a P/E ratio of 22.10, a PEG ratio of 1.43 and a beta of 0.70. The company has a 50-day simple moving average of $139.96 and a 200 day simple moving average of $141.84.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.47 by $0.01. The company had revenue of $238.30 million for the quarter, compared to the consensus estimate of $239.69 million. Grand Canyon Education had a net margin of 22.09% and a return on equity of 31.01%. Grand Canyon Education's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.26 EPS.

Insider Buying and Selling

In related news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $141.23, for a total transaction of $211,845.00. Following the completion of the transaction, the chief technology officer now directly owns 22,674 shares of the company's stock, valued at approximately $3,202,249.02. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Grand Canyon Education

Large investors have recently made changes to their positions in the company. Reston Wealth Management LLC purchased a new position in shares of Grand Canyon Education during the 3rd quarter worth about $28,000. Versant Capital Management Inc boosted its position in 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 buying an additional 283 shares during the period. Capital Performance Advisors LLP purchased a new stake in Grand Canyon Education in the 3rd quarter valued at about $60,000. Blue Trust Inc. boosted its position in 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 buying an additional 533 shares during the period. Finally, GAMMA Investing LLC boosted its position in 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 buying an additional 202 shares during the period. 94.17% of the stock is owned by hedge funds and other institutional investors.

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.