Stock Monitor: ATA Inc. Post Earnings Reporting
LONDON, UK / ACCESSWIRE / April 04, 2018 / Active-Investors.com has just released a free earnings report on Grand Canyon Education, Inc. (NASDAQ: LOPE) ("Grand Canyon"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=LOPE. Grand Canyon reported its fourth quarter and fiscal 2017 operating and financial results on February 21, 2018. The for-profit education Company outperformed top- and bottom-line expectations. Register today and get access to over 1,000 Free Research Reports by joining our site below:
Active-Investors.com is currently working on the research report for ATA Inc. (NASDAQ: ATAI), which also belongs to the Services sector as the Company Grand Canyon Education. Do not miss out and become a member today for free to access this upcoming report at:
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Grand Canyon Education most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
Earnings Highlights and Summary
Grand Canyon's net revenue increased 10.9% to $271.4 million for Q4 2017 compared to $244.7 million for Q4 2016. The Company's revenue numbers beat analysts' estimates by $3 million.
Grand Canyon's end-of-period enrollment increased 10.2% to 90,297 at December 31, 2017, from 81,908 at December 31, 2016, as ground enrollment increased 9.2% to 18,842 at December 31, 2017, from 17,262 at December 31, 2016 and online enrollment increased 10.5% to 71,455 at December 31, 2017, from 64,646 at December 31, 2016.
During Q4 2017, Grand Canyon's operating income was $91.3 million, an increase of 19.1% compared to $76.7 million for Q4 2016. The operating margin for the reported quarter was 33.7% compared to 31.3% for the year earlier quarter.
Grand Canyon's net income increased 42.3% to $68.3 million, or $1.41 per diluted share, for Q4 2017 compared to $48.0 million, or $1.01 per diluted share, in Q4 2016. The Company's earnings beat Wall estimates of $1.10 per share.
For Q4 2017, Grand Canyon's adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) increased 16.5% to $108.5 million compared to $93.1 million for Q4 2016.
Grand Canyon's net revenue increased 11.5% to $974.1 million for the year ended December 31, 2017, compared to $873.3 million for FY16.
For FY17, Grand Canyon's net income totaled $203.3 million, or $4.22 per diluted share, compared to $148.5 million, or $3.15 per diluted share, for FY16.
Balance Sheet and Cash Flow
Grand Canyon's unrestricted cash and cash equivalents and investments were $242.7 million and $108.6 million at December 31, 2017, and December 31, 2016, respectively. The Company's restricted cash and cash equivalents at December 31, 2017, and December 31, 2016, were $94.5 million and $84.9 million, respectively.
Grand Canyon's net cash provided by operating activities for FY17 and FY16 was $304.9 million and $237.8 million, respectively. The Company's cash provided by operations in FY17 and FY16 resulted from the Company's increased net income plus non-cash charges for provision for bad debts, depreciation, and amortization, timing of income tax and employee related payments, and student deposits and changes in other working capital.
For first quarter 2018, Grand Canyon is forecasting net revenue of $274.0 million. The Company is estimating operating margin of 31.5% and earnings of $1.39 per diluted share.
For full year 2018, Grand Canyon is projecting net revenue of $1.05 billion. The Company is expecting operating margin of 28.5% and earnings of $4.69 per diluted share.
Stock Performance Snapshot
April 03, 2018 - At Tuesday's closing bell, Grand Canyon Education's stock was slightly up 0.44%, ending the trading session at $104.43.
Volume traded for the day: 308.24 thousand shares, which was above the 3-month average volume of 259.44 thousand shares.
Stock performance in the last month – up 7.16%; previous three-month period – up 16.64%; past twelve-month period – up 45.83%; and year-to-date – up 16.64%
After yesterday's close, Grand Canyon Education's market cap was at $5.03 billion.
Price to Earnings (P/E) ratio was at 26.15.
The stock is part of the Services sector, categorized under the Education & Training Services industry. This sector was up 0.9% at the end of the session.
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email firstname.lastname@example.org. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.