Grand Canyon Education Inc (LOPE) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.59 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.54. The company posted revenue of $191.30 million in the period, compared to analysts expectations of $189.09 million. The company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.
Grand Canyon Education Inc closed down -0.32 points or -0.76% at $41.71 with 1,79,390 shares getting traded on Tusday. Post opening the session at $42, the shares hit an intraday low of $41.68 and an intraday high of $42.1 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on May 16, 2016, Daniel E Bachus (Chief Financial Officer) sold 17,500 shares at $41.64 per share price. According to the SEC, on May 16, 2016, Brian E Mueller (President & CEO) sold 100,000 shares at $41.64 per share price. On May 16, 2016, Joseph N Mildenhall (Chief Information Officer) sold 25,000 shares at $41.65 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.