Bridgepoint Education, Inc. (NYSE:BPI) Issues Quarterly Earnings Results, Misses Estimates By $0.02 EPS
Bridgepoint Education, Inc. (NYSE:BPI) released its quarterly earnings results on Wednesday. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by $0.02, Bloomberg Earnings reports. Bridgepoint Education had a positive return on equity of 7.58% and a negative net margin of 1.92%. The firm had revenue of $124.58 million for the quarter, compared to analysts’ expectations of $127 million. During the same quarter last year, the firm posted $0.12 earnings per share. The firm’s revenue for the quarter was down 9.7% compared to the same quarter last year.
Bridgepoint Education (NYSE:BPI) traded down 7.39% on Wednesday, reaching $12.29. 211,100 shares of the company’s stock were exchanged. The company’s market cap is $356.27 million. Bridgepoint Education has a 52-week low of $5.38 and a 52-week high of $15.85. The firm’s 50 day moving average price is $14.02 and its 200 day moving average price is $12.12.
In related news, CEO Andrew S. Clark sold 54,076 shares of the company’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $13.86, for a total value of $749,493.36. Following the completion of the sale, the chief executive officer now directly owns 146,807 shares of the company’s stock, valued at $2,034,745.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Russell Sakamoto sold 5,796 shares of the company’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $14.89, for a total transaction of $86,302.44. Following the completion of the sale, the insider now directly owns 14,885 shares of the company’s stock, valued at $221,637.65. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 64,096 shares of company stock valued at $899,578. 41.50% of the stock is owned by insiders.
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Several research analysts recently weighed in on BPI shares. Zacks Investment Research cut shares of Bridgepoint Education from a “buy” rating to a “hold” rating in a report on Friday, April 28th. BidaskClub cut shares of Bridgepoint Education from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Piper Jaffray Companies restated a “hold” rating and set a $16.00 price target on shares of Bridgepoint Education in a report on Friday, July 21st.
About Bridgepoint Education
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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