Equities research analysts expect Grand Canyon Education Inc (NASDAQ:LOPE) to report sales of $175.27 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Grand Canyon Education’s earnings, with the highest sales estimate coming in at $175.41 million and the lowest estimate coming in at $175.00 million. Grand Canyon Education posted sales of $271.42 million in the same quarter last year, which suggests a negative year-over-year growth rate of 35.4%. The business is expected to announce its next earnings results after the market closes on Wednesday, February 20th.
According to Zacks, analysts expect that Grand Canyon Education will report full year sales of $843.24 million for the current year, with estimates ranging from $842.95 million to $843.40 million. For the next financial year, analysts expect that the company will post sales of $689.86 million, with estimates ranging from $689.73 million to $690.00 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Grand Canyon Education.
LOPE has been the topic of a number of research analyst reports. Barrington Research restated a “buy” rating and issued a $150.00 price target on shares of Grand Canyon Education in a report on Tuesday, December 18th. Zacks Investment Research cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. BidaskClub cut shares of Grand Canyon Education from a “strong-buy” rating to a “buy” rating in a report on Friday, November 16th. ValuEngine cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Friday, January 11th. Finally, BMO Capital Markets upped their price target on shares of Grand Canyon Education to $117.00 and gave the stock a “reduce” rating in a report on Tuesday, January 15th. Three analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. Grand Canyon Education presently has a consensus rating of “Hold” and an average target price of $125.80.
Institutional investors have recently made changes to their positions in the stock. Bronfman E.L. Rothschild L.P. raised its position in Grand Canyon Education by 29.0% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 668 shares of the company’s stock worth $64,000 after buying an additional 150 shares during the last quarter. Benjamin F. Edwards & Company Inc. acquired a new stake in Grand Canyon Education in the 4th quarter valued at $123,000. Enlightenment Research LLC acquired a new stake in Grand Canyon Education in the 4th quarter valued at $125,000. CIBC Asset Management Inc acquired a new stake in Grand Canyon Education in the 3rd quarter valued at $200,000. Finally, We Are One Seven LLC acquired a new stake in Grand Canyon Education in the 3rd quarter valued at $202,000. 94.26% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ LOPE traded up $1.53 during mid-day trading on Tuesday, reaching $96.29. The company had a trading volume of 336,211 shares, compared to its average volume of 367,888. The company has a current ratio of 4.65, a quick ratio of 4.65 and a debt-to-equity ratio of 0.05. The stock has a market cap of $4.63 billion, a PE ratio of 24.32, a PEG ratio of 1.16 and a beta of 0.96. Grand Canyon Education has a 52 week low of $90.67 and a 52 week high of $130.10.
About Grand Canyon Education
Grand Canyon Education, Inc, together with its subsidiaries, provides education services in the United States and Canada. The company operates Grand Canyon University that offers approximately 225 graduate and undergraduate degree programs and certificates across 9 colleges online and on ground through campus in Phoenix, Arizona; leased facilities; and facilities owned by third party employers.
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