Bridgepoint Education, Inc. (BPI) Forecasted to Earn FY2019 Earnings of $0.70 Per Share
Bridgepoint Education, Inc. (NYSE:BPI) – Equities researchers at Barrington Research dropped their FY2019 earnings estimates for Bridgepoint Education in a note issued to investors on Wednesday. Barrington Research analyst A. Paris. Jr now anticipates that the company will post earnings of $0.70 per share for the year, down from their previous forecast of $0.72.
Several other brokerages have also commented on BPI. ValuEngine raised shares of Bridgepoint Education from a “hold” rating to a “buy” rating in a research report on Friday, July 28th. BidaskClub lowered shares of Bridgepoint Education from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Zacks Investment Research lowered shares of Bridgepoint Education from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $16.00 price objective on shares of Bridgepoint Education in a research report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $14.00.
Shares of Bridgepoint Education (BPI) traded up 0.3011% during midday trading on Friday, hitting $9.9599. 58,241 shares of the stock were exchanged. The stock’s market capitalization is $289.71 million. Bridgepoint Education has a 1-year low of $6.34 and a 1-year high of $15.85. The firm’s 50 day moving average is $9.03 and its 200-day moving average is $11.76.
Bridgepoint Education (NYSE:BPI) last issued its earnings results on Wednesday, July 26th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.02). The firm had revenue of $124.58 million during the quarter, compared to the consensus estimate of $127.00 million. Bridgepoint Education had a negative net margin of 1.39% and a positive return on equity of 9.16%. The firm’s revenue for the quarter was down 9.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.12 earnings per share.
A number of hedge funds have recently made changes to their positions in BPI. Teachers Advisors LLC raised its position in Bridgepoint Education by 80.3% in the fourth quarter. Teachers Advisors LLC now owns 65,183 shares of the company’s stock worth $660,000 after acquiring an additional 29,029 shares during the period. Nationwide Fund Advisors raised its position in shares of Bridgepoint Education by 38.7% in the first quarter. Nationwide Fund Advisors now owns 43,891 shares of the company’s stock valued at $468,000 after purchasing an additional 12,251 shares during the period. Russell Investments Group Ltd. bought a new stake in shares of Bridgepoint Education in the first quarter valued at approximately $386,000. Bank of New York Mellon Corp raised its position in shares of Bridgepoint Education by 4.0% in the first quarter. Bank of New York Mellon Corp now owns 86,258 shares of the company’s stock valued at $921,000 after purchasing an additional 3,292 shares during the period. Finally, Prudential Financial Inc. bought a new stake in shares of Bridgepoint Education in the first quarter valued at approximately $148,000. 92.80% of the stock is currently 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 shares were sold at an average price of $8.83, for a total value of $477,482.25. Following the sale, the chief executive officer now owns 146,806 shares of the company’s stock, valued at $1,296,296.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Pincus Private Equity Warburg sold 2,075,395 shares of Bridgepoint Education stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $9.00, for a total transaction 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.
Receive News & Ratings for Bridgepoint Education Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bridgepoint Education Inc. and related companies with MarketBeat.com's FREE daily email newsletter.