Bridgepoint Education (BPI) Releases Quarterly Earnings Results, Misses Expectations By $0.07 EPS
Bridgepoint Education (NYSE:BPI) posted its quarterly earnings results on Tuesday. The company reported $0.18 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.25 by $0.07, Stock Ratings Network reports. The company had revenue of $185.60 million for the quarter, compared to the consensus estimate of $190.45 million. During the same quarter in the prior year, the company posted $0.56 earnings per share. The company’s quarterly revenue was down 26.4% on a year-over-year basis.
Bridgepoint Education (NYSE:BPI) opened at 17.83 on Tuesday. Bridgepoint Education has a 1-year low of $8.51 and a 1-year high of $20.33. The stock’s 50-day moving average is $18.44 and its 200-day moving average is $15.11. The company has a market cap of $966.2 million and a price-to-earnings ratio of 11.59.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank downgraded shares of Bridgepoint Education from a “hold” rating to a “sell” rating in a research note to investors on Monday. They now have a $13.00 price target on the stock, up previously from $1.60. Analysts at First Analysis upgraded shares of Bridgepoint Education from an “equal weight” rating to an “overweight” rating in a research note to investors on Wednesday, August 7th. They now have a $20.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $12.83.
Bridgepoint Education, Inc (NYSE:BPI) is a provider of postsecondary education services.
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