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Fly News Breaks for February 25, 2019
LOPE
Feb 25, 2019 | 12:30 EDT
Barrington analyst Alexander Paris Jr. reiterated an Outperform rating and $135 price target on Grand Canyon Education after the company reported Q4 earnings results that topped expectations, including Q4 revenue of $177.5M, above the firm's $175M estimate, and a revenue increase of 9% year-over-year, primarily due to an increase in Grand Canyon's enrollment and, to a lesser extent, an increase in its ancillary revenue. The analyst also noted that Grand Canyon's FY19 revenue guidance of $775.5M was above the firm's $690M estimate.
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