Earnings Recap: Grand Canyon Education Inc. (NASDAQ: LOPE) – News Description

Earnings Recap: Grand Canyon Education Inc. (NASDAQ: LOPE)

PHOENIX, September 28, 2019 – Shares of Grand Canyon Education Inc. (NASDAQ: LOPE) lost -0.64% to $99.36. The stock traded total volume of 452.490K shares higher than the average volume of 393.19K shares.

Grand Canyon Education Inc. (LOPE) reported first-quarter earnings of $73.20M. The Phoenix-based company said it had net income of $1.52 per share. Earnings, adjusted for one-time gains and costs, were $1.62 per share. The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.49 per share. The for-profit education company posted revenue of $197.30M in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $195.60M.

For the current quarter ending in July, Grand Canyon Education anticipates its per-share earnings to be 94 cents. The company said it anticipates revenue in the range of $173.40M for the fiscal second quarter. Grand Canyon Education anticipates full-year earnings to be $5.23 per share, with revenue expected to be $776.30M.

LOPE has the market capitalization of $4.83B and its EPS growth ratio for the past five years was 19.70%. The return on assets ratio of the Company was 15.90% while its return on investment ratio stands at 15.70%. Price to sales ratio was 6.86.

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Charles Gibbs
Charles Gibbs
I am Charles Gibbs and I focus on breaking news stories and ensuring we (“News Description”) offer timely reporting on some of the most recent stories released through market wires about “Services” sector. I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for News Description specializing in quicker moving active shares with a short term view on investment opportunities and trends. Address: 577 Mudlick Road Pasco, WA 99301, USA Phone: (+1) 509-542-0261 Email: [email protected]

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