Last €31.50 EUR
Change Today -1.07 / -3.28%
Volume 0.0
GKD On Other Exchanges
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Exchange
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As of 3:04 AM 08/1/14 All times are local (Market data is delayed by at least 15 minutes).

grand canyon education inc (GKD) Snapshot

Open
€31.80
Previous Close
€32.57
Day High
€31.80
Day Low
€31.50
52 Week High
01/23/14 - €37.09
52 Week Low
08/20/13 - €24.30
Market Cap
1.5B
Average Volume 10 Days
30.5
EPS TTM
--
Shares Outstanding
46.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for GRAND CANYON EDUCATION INC (GKD)

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grand canyon education inc (GKD) Details

Grand Canyon Education, Inc., together with its subsidiaries, provides postsecondary education services in the United States and Canada. It focuses on offering graduate and undergraduate degree programs in the areas of education, healthcare, business, and liberal arts. The company offers its programs through campus in Phoenix, Arizona; online; and onsite at facilities, as well as at facilities that are owned by third party employers. As of March 31, 2014, it had 61,600 students enrolled in its programs. The company was founded in 1949 and is based in Phoenix, Arizona.

Founded in 1949

grand canyon education inc (GKD) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $621.0K
Executive Chairman
Total Annual Compensation: $103.8K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $362.3K
Chief Operating Officer
Total Annual Compensation: $362.3K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $225.0K
Compensation as of Fiscal Year 2013.

grand canyon education inc (GKD) Key Developments

Grand Canyon Education, Inc. to Report Q2, 2014 Results on Jul 31, 2014

Grand Canyon Education, Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 31, 2014

Grand Canyon Education, Inc., Q2 2014 Earnings Call, Jul 31, 2014

Grand Canyon Education, Inc., Q2 2014 Earnings Call, Jul 31, 2014

Grand Canyon Education, Inc. Announces Expansion Programs for the Year 2014 and 2015; Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Second Quarter, Third Quarter, Fourth Quarter and Full Year of 2014; Revised Capital Expenditure Guidance for the Year 2015

Grand Canyon Education, Inc. announced that in the first half of 2014, it expect to complete construction on the new classroom building, two additional residence halls, and a second parking garage. In the second half of 2014 it will start construction on an additional classroom building that will be dedicated to new Engineering and Information Technology programs, three additional residence halls that will accommodate another 1,800 students and at least one additional parking garage. In addition, in the summer of 2014 it will begin construction of Mesa, Arizona campus. The university currently has plans to spend approximately $170 million in the next two years in infrastructure and construction costs for the Mesa, Arizona campus which it believe will bring this new campus to a capacity of 5,000 students. It anticipate capital expenditures in 2014 and 2015 for the projects described above as well as for technology enhancements and equipment for growing employee base will be $175 million and $185 million, respectively. The company reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. Net revenue increased 17.9% to $167.4 million for the first quarter of 2014, compared to $142.0 million for the first quarter of 2013. Operating income for the first quarter of 2014 was $43.4 million, an increase of 29.2% as compared to $33.6 million for the same period in 2013. Income before income taxes was $43.1 million against $35.2 million last year. Net income was $26.3 million or $0.56 per diluted share against $20.9 million or $0.46 per diluted share last year. Adjusted EBITDA increased 28.7% to $53.7 million for the first quarter of 2014, compared to $41.7 million for the same period in 2013. The company generated $53.7 million in cash from operating activities compared to $31.7 million for the quarter ended March 31, 2013. The increase in cash generated from operating activities between the quarter ended March 31, 2013 and the quarter ended March 31, 2014 is primarily due to increased net income and the timing of income tax related payments and student deposits. Capital expenditures were $27.2 million against $14.7 million last year. In 2014, capital expenditures primarily consisted of ground campus building projects such as the construction of an additional classroom building, additional residence halls that will accommodate another 1,600 students, and the expansion of arena to support activities for growing traditional student enrollment as well as purchases of computer equipment, other internal use software projects and furniture and equipment to support increasing employee headcount. For the second quarter of 2014, the company expects net revenue of $155.5 million; target operating margin of 22.7%; and diluted EPS of $0.44. For the third quarter of 2014, the company expects net revenue of $167.7 million; target operating margin 24.7%; and diluted EPS of $0.52. For the fourth quarter of 2014, the company expects net revenue of $181.6 million; target operating margin of 27.8%; and diluted EPS of $0.63. For 2014, the company expects net revenue of $672.2 million; target operating margin of 25.4%; and diluted EPS of $2.15. CapEx expected to be $175 million compared to previously expected CapEx of $145 million. For the year 2015, the company’s CapEx expected to be $185 million compared to previously expected CapEx of $155 million.

 

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Industry Analysis

GKD

Industry Average

Valuation GKD Industry Range
Price/Earnings 21.2x
Price/Sales 3.1x
Price/Book 5.1x
Price/Cash Flow 21.3x
TEV/Sales 2.8x
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