Last $42.91 USD
Change Today +0.18 / 0.42%
Volume 508.5K
As of 8:10 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

grand canyon education inc (LOPE) Snapshot

Open
$42.82
Previous Close
$42.73
Day High
$43.00
Day Low
$42.35
52 Week High
01/22/14 - $51.12
52 Week Low
09/24/13 - $38.38
Market Cap
2.0B
Average Volume 10 Days
260.2K
EPS TTM
$2.12
Shares Outstanding
46.7M
EX-Date
--
P/E TM
20.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for GRAND CANYON EDUCATION INC (LOPE)

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grand canyon education inc (LOPE) 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.

grand canyon education inc (LOPE) 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 (LOPE) Key Developments

Grand Canyon Education, Inc. Presents at BMO Capital Markets 14th Annual Back to School Education Conference, Sep-18-2014 02:45 PM

Grand Canyon Education, Inc. Presents at BMO Capital Markets 14th Annual Back to School Education Conference, Sep-18-2014 02:45 PM. Venue: Grand Hyatt Hotel, New York, New York, United States. Speakers: Brian E. Mueller, Chief Executive Officer, President, Director and President of Grand Canyon University, Daniel E. Bachus, Chief Financial Officer and Principal Accounting Officer.

Grand Canyon Education, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter, Fourth Quarter and Full Year of 2014 and Capital Expenditure Guidance for the Full Year of 2015; Revised Earnings Guidance for the Second Half of 2014

Grand Canyon Education, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, net revenue was $158.6 million against $141.5 million last year. Operating income was $37.9 million against $31.5 million last year. Income before income taxes was $37.7 million against $31.1 million last year. Net income was $23.1 million or $0.49 per diluted share against $19.1 million or $0.42 per diluted share last year. Adjusted EBITDA was $50.4 million against $43 million last year. Interest expense decreased as a percentage of revenue by 0.1% to 0.2% for the second quarter of 2014 as a result of the decrease in the average balance of credit facility between periods due to scheduled monthly principal payments. As a result of the above, net income increased in the second quarter. CapEx in the second quarter of 2014 was approximately $54.8 million. For the six months, net revenue was $326.0 million against $283.5 million last year. Operating income was $81.3 million against $65.1 million last year. Income before income taxes was $80.8 million against $66.3 million last year. Net income was $49.4 million or $1.05 per diluted share against $40.0 million or $0.88 per diluted share last year. Adjusted EBITDA was $104.1 million against $84.7 million last year. Net cash provided by operating activities was $89.4 million against $44.0 million last year. Capital expenditures were $82.0million against $38.0 million last year. The university financed its operating activities and capital expenditures during the six months ended June 30, 2014 and 2013 primarily through cash provided by operating activities. The increase in cash generated from operating activities between the six months ended June 30, 2013 and the six months ended June 30, 2014 is primarily due to increased net income and the timing of income tax payments, deferred revenue and student deposits. 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 land purchases adjacent to Phoenix campus to support 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 third quarter of 2014, the company expects net revenue of $169.0 million, operating margin of 24.7% and diluted EPS of $0.53. Revenue in the third quarter will be helped by summer school enrollment being higher than anticipated, but the higher average incoming GPA of new students will put pressure on fall revenue per student. For the fourth quarter of 2014, the company expects net revenue of $181.6 million, operating margin of 27.8% and diluted EPS of $0.63. For the full year of 2014, the company expects net revenue of $676.6 million, operating margin of 25.7% and diluted EPS of $2.21. The company anticipates capital expenditures in 2014 and 2015 for the projects as well as for technology enhancements and equipment for the growing employee base will be $175 million and $185 million, respectively. The company reaffirmed previous guidance for the second half of 2014 with a slight increase in revenue guidance. The company remains comfortable with previous estimates of effective tax rate.

Grand Canyon Education, Inc. Presents at 7th Annual Barrington Research Fall Investment Conference, Sep-04-2014

Grand Canyon Education, Inc. Presents at 7th Annual Barrington Research Fall Investment Conference, Sep-04-2014 . Venue: Four Seasons Hotel Chicago, 120 East Delaware Place, Chicago, IL 60611, United States.

 

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LOPE

Industry Average

Valuation LOPE Industry Range
Price/Earnings 20.5x
Price/Sales 3.1x
Price/Book 4.8x
Price/Cash Flow 20.4x
TEV/Sales 2.7x
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