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.

Several institutional investors have recently added to or reduced their stakes in the company. Advisor Group Inc. raised its holdings in shares of Grand Canyon Education by 2.7% during the 2nd quarter. Advisor Group Inc. now owns 5,991 shares of the company’s stock valued at $470,000 after purchasing an additional 159 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in Grand Canyon Education by 6.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,119 shares of the company’s stock valued at $323,000 after buying an additional 235 shares during the last quarter. Amalgamated Bank grew its stake in Grand Canyon Education by 9.6% in the 2nd quarter. Amalgamated Bank now owns 6,039 shares of the company’s stock valued at $474,000 after buying an additional 528 shares during the last quarter. Covenant Asset Management LLC grew its stake in Grand Canyon Education by 3.5% in the 4th quarter. Covenant Asset Management LLC now owns 18,595 shares of the company’s stock valued at $1,665,000 after buying an additional 635 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Grand Canyon Education by 46.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,673 shares of the company’s stock valued at $239,000 after buying an additional 846 shares during the last quarter. Institutional investors and hedge funds own 95.43% of the company’s stock.

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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