FY2024 EPS Estimates for Grand Canyon Education, Inc. (NASDAQ:LOPE) Boosted by Barrington Research

Grand Canyon Education, Inc. (NASDAQ:LOPE) – Investment analysts at Barrington Research upped their FY2024 earnings per share estimates for shares of Grand Canyon Education in a research note issued on Wednesday, May 8th. Barrington Research analyst A. Paris now anticipates that the company will post earnings per share of $7.80 for the year, up from their previous estimate of $7.65. Barrington Research has a “Outperform” rating and a $165.00 price objective on the stock. The consensus estimate for Grand Canyon Education’s current full-year earnings is $7.65 per share. Barrington Research also issued estimates for Grand Canyon Education’s Q4 2024 earnings at $2.95 EPS and FY2025 earnings at $8.60 EPS.

Grand Canyon Education (NASDAQ:LOPE) last announced its earnings results on Tuesday, May 7th. The company reported $2.35 earnings per share for the quarter, beating 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 firm had revenue of $274.68 million for the quarter, compared to analyst estimates of $272.42 million. During the same quarter in the previous year, the firm posted $2.00 EPS. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year.

Several other equities analysts have also commented on the company. BMO Capital Markets raised their price objective on Grand Canyon Education from $150.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday. Robert W. Baird raised their target price on shares of Grand Canyon Education from $165.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday.

Grand Canyon Education Stock Up 5.2 %

LOPE opened at $147.08 on Thursday. The stock has a market cap of $4.38 billion, a PE ratio of 21.63, a PEG ratio of 1.19 and a beta of 0.60. The business has a 50 day moving average of $133.28 and a 200-day moving average of $132.36. Grand Canyon Education has a 52 week low of $99.65 and a 52 week high of $156.56.

Insider Activity

In related news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction dated 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 transaction, the chief technology officer now owns 25,674 shares in the company, valued at $3,405,656.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Grand Canyon Education

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Treasurer of the State of North Carolina increased its stake in shares of Grand Canyon Education by 0.4% during the third quarter. Treasurer of the State of North Carolina now owns 19,049 shares of the company’s stock valued at $2,226,000 after buying an additional 85 shares during the period. Wealth Alliance lifted its position in shares of Grand Canyon Education by 3.9% in the 4th quarter. Wealth Alliance now owns 2,277 shares of the company’s stock worth $301,000 after purchasing an additional 85 shares during the period. Riverwater Partners LLC boosted its stake in shares of Grand Canyon Education by 0.7% during the fourth quarter. Riverwater Partners LLC now owns 12,597 shares of the company’s stock valued at $1,663,000 after purchasing an additional 89 shares in the last quarter. Intech Investment Management LLC increased its holdings in Grand Canyon Education by 4.8% during the fourth quarter. Intech Investment Management LLC now owns 2,078 shares of the company’s stock valued at $274,000 after buying an additional 96 shares during the period. Finally, Signaturefd LLC raised its stake in Grand Canyon Education by 15.2% in the third quarter. Signaturefd LLC now owns 1,075 shares of the company’s stock worth $126,000 after buying an additional 142 shares in the last quarter. 94.17% of the stock is owned by institutional investors.

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.