Grand Canyon Education (NASDAQ:LOPE) Updates Q4 2024 Earnings Guidance

Grand Canyon Education (NASDAQ:LOPE) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 2.810-3.090 for the period. The company issued revenue guidance of $287.0 million-$299.0 million. Grand Canyon Education also updated its FY 2024 guidance to 7.570-8.040 EPS.

Analyst Ratings Changes

LOPE has been the subject of several recent research reports. Barrington Research lifted their price objective on Grand Canyon Education from $160.00 to $165.00 and gave the company an outperform rating in a research note on Wednesday. BMO Capital Markets increased their target price on Grand Canyon Education from $150.00 to $155.00 and gave the stock an outperform rating in a research note on Wednesday. Finally, Robert W. Baird boosted their price objective on shares of Grand Canyon Education from $165.00 to $170.00 and gave the stock an outperform rating in a report on Wednesday.

Grand Canyon Education Stock Performance

Grand Canyon Education stock traded up $2.18 during midday trading on Thursday, reaching $149.26. 276,848 shares of the company were exchanged, compared to its average volume of 202,621. The firm’s 50-day simple moving average is $133.57 and its 200-day simple moving average is $132.48. Grand Canyon Education has a 1 year low of $99.65 and a 1 year high of $156.56. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of 20.88, a P/E/G ratio of 1.19 and a beta of 0.60.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.13. Grand Canyon Education had a net margin of 21.33% and a return on equity of 31.75%. The business had revenue of $274.68 million during the quarter, compared to the consensus estimate of $272.42 million. During the same period in the previous year, the firm posted $2.00 earnings per share. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, analysts forecast that Grand Canyon Education will post 7.65 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction on Monday, March 18th. The stock was sold at an average price of $132.65, for a total value of $198,975.00. Following the completion of the sale, the chief technology officer now owns 25,674 shares of the company’s stock, valued at $3,405,656.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.00% of the company’s stock.

About Grand Canyon Education

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.