Grand Canyon Education (NASDAQ:LOPE – Get Free Report) issued an update on its third quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.350-1.510 for the period. The company issued revenue guidance of $236.5 million-$244.0 million. Grand Canyon Education also updated its FY 2024 guidance to 7.570-8.040 EPS.
Grand Canyon Education Stock Performance
NASDAQ LOPE traded up $2.18 on Thursday, reaching $149.26. 276,848 shares of the company’s stock traded hands, compared to its average volume of 202,621. Grand Canyon Education has a fifty-two week low of $99.65 and a fifty-two week high of $156.56. The firm has a market cap 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. The stock has a 50 day moving average price of $133.57 and a 200-day moving average price of $132.48.
Grand Canyon Education (NASDAQ:LOPE – Get Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.13. The business had revenue of $274.68 million during the quarter, compared to analysts’ expectations of $272.42 million. Grand Canyon Education had a return on equity of 31.75% and a net margin of 21.33%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.00 EPS. As a group, equities research analysts anticipate that Grand Canyon Education will post 7.65 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Read Our Latest Report on LOPE
Insider Activity
In other news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $132.65, for a total transaction of $198,975.00. Following the transaction, the chief technology officer now owns 25,674 shares in the company, valued at approximately $3,405,656.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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.
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