Grand Canyon Education Inc (LOPE) Expected to Announce Earnings of $1.10 Per Share
Wall Street brokerages forecast that Grand Canyon Education Inc (NASDAQ:LOPE) will report $1.10 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Grand Canyon Education’s earnings. The lowest EPS estimate is $1.09 and the highest is $1.11. Grand Canyon Education reported earnings per share of $1.01 in the same quarter last year, which suggests a positive year over year growth rate of 8.9%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Wednesday, February 21st.
According to Zacks, analysts expect that Grand Canyon Education will report full-year earnings of $3.88 per share for the current fiscal year, with EPS estimates ranging from $3.83 to $3.91. For the next financial year, analysts expect that the firm will report earnings of $4.11 per share, with EPS estimates ranging from $4.09 to $4.15. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Grand Canyon Education.
A number of research firms have issued reports on LOPE. ValuEngine upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Friday. BMO Capital Markets reiterated a “buy” rating and issued a $97.00 target price on shares of Grand Canyon Education in a research report on Wednesday, October 25th. Zacks Investment Research upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a research report on Friday, November 3rd. Robert W. Baird increased their target price on shares of Grand Canyon Education from $85.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. Finally, Barrington Research reiterated an “outperform” rating and issued a $103.00 target price (up previously from $98.00) on shares of Grand Canyon Education in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $100.80.
Grand Canyon Education (NASDAQ LOPE) traded down $2.15 during mid-day trading on Wednesday, reaching $88.75. 336,056 shares of the company’s stock were exchanged, compared to its average volume of 207,270. Grand Canyon Education has a 12 month low of $56.52 and a 12 month high of $96.15. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.07. The stock has a market cap of $4,320.00, a P/E ratio of 23.57, a price-to-earnings-growth ratio of 1.70 and a beta of 1.36.
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Grand Canyon Education Company Profile
Grand Canyon Education, Inc is engaged in the provision of postsecondary education. The Company is a regionally accredited university. The Company offers the degrees, including Doctor of Education, Doctor of Business Administration, Doctor of Nursing Practice, Doctor of Philosophy, Education Specialist, Master of Divinity, Master of Arts, Master of Education, Master of Business Administration and Master of Public Administration, Master of Public Health, Master of Science, Bachelor of Arts, Bachelor of Science, and a range of programs for its degrees.
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