Grand Canyon Education, Inc. (NASDAQ: LOPE – Get a rating) – Barrington Research dropped its second quarter 2022 earnings per share (EPS) estimates for Grand Canyon Education shares in a note to investors on Thursday, May 5. Barrington Research analyst A. Paris. Jr now expects the company to post earnings per share of $0.84 for the quarter, down from its previous guidance of $0.85. Barrington Research also released estimates for Grand Canyon Education Q3 2022 earnings at $1.03 EPS, Q4 2022 earnings at $2.23 EPS, fiscal year 2022 earnings at $5.82 EPS and earnings for fiscal year 2023 at $6.50 EPS.
Grand Canyon Education (NASDAQ: LOPE – Get a rating) last reported results on Wednesday, May 4. The company reported earnings per share (EPS) of $1.72 for the quarter, beating analyst consensus estimates of $1.70 by $0.02. The company posted revenue of $244.13 million in the quarter, compared to $241.78 million expected by analysts. Grand Canyon Education posted a return on equity of 18.92% and a net margin of 29.04%. The company’s revenue increased 3.1% year over year. In the same quarter of the previous year, the company achieved EPS of $1.72.
Several other equity research analysts have also recently released reports on the stock. Robert W. Baird raised his target price on Grand Canyon Education stock from $95.00 to $111.00 in a research note on Thursday. Zacks Investment Research upgraded Grand Canyon Education shares from a “sell” to a “hold” rating in a Wednesday, April 20 research note. TheStreet downgraded shares of Grand Canyon Education from a “c+” rating to a “b” rating in a Tuesday, April 5 research note. BMO Capital Markets lowered its price target on Grand Canyon Education shares from $105.00 to $92.00 in a Friday, Feb. 18 report. Finally, Berenberg Bank downgraded Grand Canyon Education shares from a “buy” rating to a “hold” rating and reduced its target price for the stock from $110.00 to $86.00 in a report of research from Friday, January 28. Two equity research analysts have rated the stock with a hold rating and two have assigned the stock a buy rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $100.00.
LOPE stock opened at $98.19 on Friday. The stock has a market capitalization of $3.22 billion, a PE ratio of 16.42, a growth price-earnings ratio of 1.07 and a beta of 0.50. The stock has a 50-day moving average price of $96.18 and a two-hundred-day moving average price of $87.27. Grand Canyon Education has a 1-year minimum of $70.00 and a 1-year maximum of $102.04.
In other news, insider Kathy J. Claypatch sold 800 shares of the company in a trade dated Friday, March 11. The shares were sold at an average price of $92.16, for a total value of $73,728.00. The transaction was disclosed in a legal filing with the SEC, accessible via this hyperlink. 1.30% of the shares are held by insiders.
Hedge funds have recently increased or reduced their stakes in the company. Private Capital Group LLC increased its position in Grand Canyon Education by 52.7% in Q1. Private Capital Group LLC now owns 287 shares of the company worth $28,000 after buying 99 additional shares in the last quarter. Crewe Advisors LLC purchased a new position in Grand Canyon Education during Q1 valued at approximately $29,000. Confluence Wealth Services Inc. bought a new position in Grand Canyon Education during Q4 for a value of approximately $46,000. Signaturefd LLC raised its position in Grand Canyon Education by 56.7% in Q1. Signaturefd LLC now owns 481 shares of the company worth $47,000 after purchasing an additional 174 shares in the last quarter. Finally, Covestor Ltd purchased a new position in Grand Canyon Education during Q4 worth approximately $58,000. 91.04% of the shares are held by institutional investors and hedge funds.
Grand Canyon Education Corporate Profile (Get a rating)
Grand Canyon Education, Inc provides educational services to colleges and universities across the United States. The company’s technology services include learning management system, internal administration, infrastructure and support services; academic services include curriculum and curriculum, faculty and related training and development, course planning, and skills and simulation lab sites; and counseling and support services include admission, financial aid, field experience, and other counseling services.
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