Bridgepoint Education, Inc. (NYSE:BPI) – Stock analysts at Barrington Research reduced their FY2017 EPS estimates for Bridgepoint Education in a research report issued on Thursday, according to Zacks Investment Research. Barrington Research analyst A. Paris. Jr now forecasts that the company will post earnings per share of $0.58 for the year, down from their previous forecast of $0.63. Barrington Research also issued estimates for Bridgepoint Education’s Q2 2018 earnings at $0.14 EPS, Q3 2018 earnings at $0.18 EPS, FY2018 earnings at $0.49 EPS and FY2019 earnings at $0.69 EPS.
Bridgepoint Education (NYSE:BPI) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. The company had revenue of $119.40 million during the quarter, compared to the consensus estimate of $121.95 million. Bridgepoint Education had a net margin of 0.49% and a return on equity of 12.78%. The company’s quarterly revenue was down 12.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 EPS. COPYRIGHT VIOLATION WARNING: This report was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this report on another publication, it was illegally copied and reposted in violation of United States & international trademark & copyright laws. The legal version of this report can be viewed at https://www.dispatchtribunal.com/2017/11/11/research-analysts-offer-predictions-for-bridgepoint-education-inc-s-fy2017-earnings-bpi.html.
BPI has been the subject of several other research reports. Zacks Investment Research raised shares of Bridgepoint Education from a “sell” rating to a “hold” rating in a research report on Tuesday, September 5th. Piper Jaffray Companies reissued a “hold” rating and issued a $14.00 price target on shares of Bridgepoint Education in a research report on Friday, July 28th. ValuEngine downgraded shares of Bridgepoint Education from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, BidaskClub downgraded shares of Bridgepoint Education from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $13.00.
Shares of Bridgepoint Education (BPI) traded down $0.07 during mid-day trading on Friday, hitting $9.38. 191,900 shares of the stock traded hands, compared to its average volume of 196,785. Bridgepoint Education has a one year low of $8.26 and a one year high of $15.85. The firm has a market cap of $271.65, a P/E ratio of 13.90, a price-to-earnings-growth ratio of 1.58 and a beta of 2.21.
Hedge funds have recently bought and sold shares of the business. Macquarie Group Ltd. purchased a new position in Bridgepoint Education during the 3rd quarter valued at about $108,000. American International Group Inc. grew its holdings in shares of Bridgepoint Education by 7.1% during the first quarter. American International Group Inc. now owns 10,991 shares of the company’s stock worth $117,000 after purchasing an additional 728 shares in the last quarter. Prudential Financial Inc. purchased a new position in shares of Bridgepoint Education during the first quarter worth about $148,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of Bridgepoint Education during the second quarter worth about $152,000. Finally, Bank of America Corp DE grew its holdings in shares of Bridgepoint Education by 542.3% during the first quarter. Bank of America Corp DE now owns 15,761 shares of the company’s stock worth $168,000 after purchasing an additional 13,307 shares in the last quarter. 91.47% of the stock is owned by institutional investors and hedge funds.
In other Bridgepoint Education news, CEO Andrew S. Clark sold 54,075 shares of Bridgepoint Education stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $8.83, for a total transaction of $477,482.25. Following the completion of the transaction, the chief executive officer now owns 146,806 shares of the company’s stock, valued at approximately $1,296,296.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Pincus Private Equity Warburg sold 2,075,395 shares of Bridgepoint Education stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $9.00, for a total value of $18,678,555.00. The disclosure for this sale can be found here. Insiders own 41.50% of the company’s stock.
Bridgepoint Education Company Profile
Bridgepoint Education, Inc (Bridgepoint) is a provider of postsecondary education services. The Company’s academic institutions include Ashford University and University of the Rockies. Bridgepoint’s institutions conduct ongoing faculty and student assessment processes, and provide a range of student services.
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