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June 17, 2014
16:25 EDTLOPEGrand Canyon Education took all corrective actions required by DOE
In its Current Report on Form 8-K filed April 16, Grand Canyon Education disclosed that the University had received official notification from the U.S. Department of Education, or DOE, of the DOE’s intent to conduct a program review of the University’s administration of the Title IV programs in which it participates, as well as its administration of the Clery Act and related regulations, and its compliance with the requirements of the Drug-Free Schools and Communities Act, in each case for the 2012-2013 and 2013-2014 award years. On June 13 following completion of the program review, the University received from the DOE an expedited final program review determination letter. The final program review determination letter set forth three findings, each of which involved individual student-specific information gathering and/or reporting errors and all of which the University promptly corrected to the DOE’s satisfaction. Accordingly, the final program review determination letter concluded that the University had taken all corrective actions necessary to resolve the findings and that the program review has been closed with no further action required.
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July 31, 2014
16:37 EDTLOPEGrand Canyon sees FY14 EPS $2.21, consensus $2.17
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16:36 EDTLOPEGrand Canyon sees Q3 EPS 53c, consensus 53c
Sees Q3 revenue $169.0M, consensus $168.4M. Target operating margin 24.7%. Sees Q3 student counts of 67,000. For Q4, sees net revenue of $181.6M; target operating margin 27.8%; EPS 63c; student counts of 66,700.
16:34 EDTLOPEGrand Canyon reports Q2 EPS 49c, consensus 45c
Reports Q2 revenue $158.6M, consensus $156.18M. At June 30, enrollment was 57,707, an increase of 12.7% from June 30, 2013. Ground enrollment increased 38.7% to 4,738 from June 30, 2013. Online enrollment increased 10.8% to 52,969 from June 30, 2013.

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