Grand Canyon Education (NASDAQ:LOPE – Get Free Report) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) 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.
Grand Canyon Education Stock Up 1.5 %
Shares of Grand Canyon Education stock traded up $2.18 on Thursday, hitting $149.26. The stock had a trading volume of 276,848 shares, compared to its average volume of 202,621. Grand Canyon Education has a one year low of $99.65 and a one year high of $156.56. The stock’s 50-day simple moving average is $133.57 and its two-hundred day simple moving average is $132.48. The stock has a market cap of $4.45 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 1.19 and a beta of 0.60.
Grand Canyon Education (NASDAQ:LOPE – Get Free Report) last released its quarterly earnings data on Tuesday, May 7th. The company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.13. The firm had revenue of $274.68 million for the quarter, compared to analysts’ expectations of $272.42 million. Grand Canyon Education had a net margin of 21.33% and a return on equity of 31.75%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.00 earnings per share. As a group, equities analysts predict that Grand Canyon Education will post 7.65 EPS for the current fiscal year.
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Insider Activity at Grand Canyon Education
In other news, CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction that occurred 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 sale, the chief technology officer now directly owns 25,674 shares of the company’s stock, valued at approximately $3,405,656.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.00% of the stock is currently owned by corporate insiders.
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.
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