Bridgepoint Education, Inc. (BPI) Expected to Earn Q4 2017 Earnings of ($0.14) Per Share
Bridgepoint Education, Inc. (NYSE:BPI) – Research analysts at Barrington Research reduced their Q4 2017 earnings per share estimates for shares of Bridgepoint Education in a report issued on Thursday. Barrington Research analyst A. Paris. Jr now forecasts that the company will earn ($0.14) per share for the quarter, down from their prior forecast of ($0.05). Barrington Research also issued estimates for Bridgepoint Education’s Q4 2018 earnings at ($0.02) EPS.
BPI has been the topic of several other reports. Zacks Investment Research raised Bridgepoint Education from a “sell” rating to a “hold” rating in a research report on Tuesday, September 5th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $14.00 price target on shares of Bridgepoint Education in a research report on Friday, July 28th. ValuEngine downgraded Bridgepoint Education from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, BidaskClub downgraded Bridgepoint Education from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $13.00.
Bridgepoint Education (NYSE:BPI) opened at 9.79 on Monday. Bridgepoint Education has a 52-week low of $6.34 and a 52-week high of $15.85. The company’s 50-day moving average price is $9.45 and its 200 day moving average price is $11.65. The stock’s market capitalization is $284.77 million.
Bridgepoint Education (NYSE:BPI) last released its earnings results on Wednesday, October 25th. The company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The company had revenue of $119.40 million for the quarter, compared to the consensus estimate of $121.95 million. Bridgepoint Education had a return on equity of 12.78% and a net margin of 0.49%. Bridgepoint Education’s quarterly revenue was down 12.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.09 earnings per share.
In other news, Director Pincus Private Equity Warburg sold 2,075,395 shares of the firm’s 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew S. Clark sold 54,075 shares of the firm’s 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 in the company, valued at $1,296,296.98. The disclosure for this sale can be found here. 41.50% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the company. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Bridgepoint Education during the 2nd quarter valued at about $152,000. American International Group Inc. grew its position in shares of Bridgepoint Education by 7.1% during the 1st quarter. American International Group Inc. now owns 10,991 shares of the company’s stock valued at $117,000 after acquiring an additional 728 shares during the period. Alliancebernstein L.P. acquired a new stake in shares of Bridgepoint Education during the 2nd quarter valued at about $176,000. Valley National Advisers Inc. grew its position in shares of Bridgepoint Education by 21.9% during the 2nd quarter. Valley National Advisers Inc. now owns 13,480 shares of the company’s stock valued at $199,000 after acquiring an additional 2,420 shares during the period. Finally, Prudential Financial Inc. acquired a new stake in shares of Bridgepoint Education during the 1st quarter valued at about $148,000. Hedge funds and other institutional investors own 91.73% of the company’s stock.
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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