Equities research analysts predict that Grand Canyon Education Inc (NASDAQ:LOPE) will post $195.68 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Grand Canyon Education’s earnings, with estimates ranging from $195.40 million to $195.95 million. Grand Canyon Education posted sales of $275.68 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 29%. The business is expected to issue its next earnings results after the market closes on Tuesday, May 7th.

According to Zacks, analysts expect that Grand Canyon Education will report full-year sales of $776.16 million for the current financial year, with estimates ranging from $775.60 million to $776.72 million. For the next fiscal year, analysts expect that the business will post sales of $861.26 million, with estimates ranging from $857.32 million to $865.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Grand Canyon Education.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Wednesday, February 20th. The company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.14. Grand Canyon Education had a net margin of 27.09% and a return on equity of 22.16%. The business had revenue of $177.54 million for the quarter, compared to analyst estimates of $175.25 million. During the same period in the prior year, the company posted $1.41 EPS. The company’s revenue for the quarter was down 34.6% on a year-over-year basis.

LOPE has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Thursday, January 10th. Barrington Research reissued a “buy” rating and set a $135.00 target price on shares of Grand Canyon Education in a research note on Friday, February 8th. BidaskClub lowered shares of Grand Canyon Education from a “sell” rating to a “strong sell” rating in a research note on Friday, December 28th. BMO Capital Markets increased their target price on shares of Grand Canyon Education to $117.00 and gave the stock a “reduce” rating in a research note on Tuesday, January 15th. Finally, ValuEngine lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Friday, January 11th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $133.00.

In related news, insider Joseph N. Mildenhall sold 5,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $118.44, for a total transaction of $592,200.00. Following the completion of the transaction, the insider now owns 78,659 shares in the company, valued at approximately $9,316,371.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph N. Mildenhall sold 2,000 shares of the company’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $118.12, for a total transaction of $236,240.00. Following the transaction, the insider now owns 66,809 shares of the company’s stock, valued at approximately $7,891,479.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 79,000 shares of company stock valued at $9,297,700. Insiders own 2.40% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC raised its position in shares of Grand Canyon Education by 4.8% during the 4th quarter. FMR LLC now owns 2,376,673 shares of the company’s stock worth $228,494,000 after purchasing an additional 107,953 shares during the last quarter. BlackRock Inc. raised its position in shares of Grand Canyon Education by 1.3% during the 4th quarter. BlackRock Inc. now owns 1,991,537 shares of the company’s stock worth $191,468,000 after purchasing an additional 25,103 shares during the last quarter. Handelsbanken Fonder AB raised its position in shares of Grand Canyon Education by 10.4% during the 4th quarter. Handelsbanken Fonder AB now owns 1,341,374 shares of the company’s stock worth $128,960,000 after purchasing an additional 126,084 shares during the last quarter. Lord Abbett & CO. LLC raised its position in shares of Grand Canyon Education by 14.2% during the 4th quarter. Lord Abbett & CO. LLC now owns 780,798 shares of the company’s stock worth $75,066,000 after purchasing an additional 97,252 shares during the last quarter. Finally, Conestoga Capital Advisors LLC raised its position in shares of Grand Canyon Education by 0.5% during the 1st quarter. Conestoga Capital Advisors LLC now owns 770,484 shares of the company’s stock worth $88,228,000 after purchasing an additional 3,578 shares during the last quarter. Hedge funds and other institutional investors own 98.31% of the company’s stock.

LOPE stock opened at $118.77 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.84 and a current ratio of 3.84. Grand Canyon Education has a 52-week low of $90.67 and a 52-week high of $130.10. The stock has a market cap of $5.73 billion, a PE ratio of 23.33, a PEG ratio of 1.45 and a beta of 1.02.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides education services in the United States. It offers technology and academic, counseling and support, and marketing and communication services, as well as back office services, such as financial aid processing, accounting, reporting, tax, human resources, and procurement services to the Grand Canyon University.

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Earnings History and Estimates for Grand Canyon Education (NASDAQ:LOPE)

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