Grand Canyon Education Inc (LOPE) reported quarterly earnings results on Monday, May-9-2016. The company said it had a profit of $0.92 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.89. The company posted revenue of $227.00 million in the period, compared to analysts expectations of $223.97 million. The company’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS.
Many Wall Street Analysts have commented on Grand Canyon Education Inc. Grand Canyon Education Inc was Upgraded by Credit Suisse to ” Outperform” on Mar 7, 2016.
Grand Canyon Education Inc opened for trading at $42.89 and hit $44.03 on the upside on Friday, eventually ending the session at $43.93, with a gain of 2.62% or 1.12 points. The heightened volatility saw the trading volume jump to 3,83,338 shares. Company has a market cap of $2,042 M.
In a different news, on Mar 11, 2016, Brian M Roberts (General Counsel) sold 18,000 shares at $42.00 per share price. According to the SEC, on Mar 11, 2016, Joseph N Mildenhall (Chief Information Officer) sold 22,000 shares at $41.86 per share price. On Mar 11, 2016, Daniel E Bachus (Chief Financial Officer) sold 17,500 shares at $41.91 per share price, according to the Form-4 filing with the securities and exchange commission.
Grand Canyon Education Inc. is engaged in the provision of postsecondary education. The Company is comprehensive regionally accredited university that offers 160 graduate and undergraduate degree programs through its eight colleges both online and on ground at its approximately 205 acre campus in Phoenix Arizona and onsite at facilities it leases and at facilities owned by third-party employers. The Company offers the degrees of Doctor of Education Doctor of Business Administration Doctor of Philosophy Master of Arts Master of Education Master of Business Administration and Executive Master of Business Administration Master of Public Administration Master of Public Health Master of Science Bachelor of Arts and Bachelor of Science and a range of programs for its degrees. It also offers certificate programs which consist of a series of courses focused on a particular area of study.