Analysts Anticipate Bridgepoint Education Inc (BPI) to Announce -$0.11 EPS

Analysts predict that Bridgepoint Education Inc (NYSE:BPI) will post ($0.11) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Bridgepoint Education’s earnings. The lowest EPS estimate is ($0.12) and the highest is ($0.09). Bridgepoint Education reported earnings per share of ($0.16) in the same quarter last year, which suggests a positive year-over-year growth rate of 31.3%. The business is expected to report its next quarterly earnings results on Wednesday, February 20th.

According to Zacks, analysts expect that Bridgepoint Education will report full-year earnings of $0.64 per share for the current financial year, with EPS estimates ranging from $0.63 to $0.65. For the next fiscal year, analysts anticipate that the company will post earnings of $0.66 per share, with EPS estimates ranging from $0.65 to $0.66. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Bridgepoint Education.

Bridgepoint Education (NYSE:BPI) last posted its earnings results on Thursday, November 8th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.22 by $0.07. Bridgepoint Education had a net margin of 3.00% and a return on equity of 12.93%. The business had revenue of $114.86 million for the quarter, compared to the consensus estimate of $117.25 million. During the same period last year, the company earned $0.25 EPS. The firm’s revenue was down 3.8% compared to the same quarter last year.

Several research firms recently commented on BPI. Zacks Investment Research downgraded shares of Bridgepoint Education from a “buy” rating to a “hold” rating in a research report on Wednesday. ValuEngine downgraded shares of Bridgepoint Education from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. Barrington Research reiterated a “buy” rating and set a $15.00 target price on shares of Bridgepoint Education in a research report on Wednesday, September 12th. Finally, TheStreet upgraded shares of Bridgepoint Education from a “c” rating to a “b-” rating in a research report on Friday, August 10th.

A number of institutional investors have recently added to or reduced their stakes in the business. Nantahala Capital Management LLC raised its holdings in Bridgepoint Education by 200.5% during the 2nd quarter. Nantahala Capital Management LLC now owns 2,126,338 shares of the company’s stock worth $13,885,000 after purchasing an additional 1,418,699 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Bridgepoint Education by 6.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,124,741 shares of the company’s stock worth $13,875,000 after purchasing an additional 128,602 shares during the last quarter. BlackRock Inc. raised its holdings in Bridgepoint Education by 31.5% during the 1st quarter. BlackRock Inc. now owns 1,585,066 shares of the company’s stock worth $10,682,000 after purchasing an additional 380,124 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Bridgepoint Education by 27.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,094,558 shares of the company’s stock worth $7,147,000 after purchasing an additional 236,400 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in Bridgepoint Education by 1.3% during the 2nd quarter. Millennium Management LLC now owns 609,077 shares of the company’s stock worth $3,977,000 after purchasing an additional 7,855 shares during the last quarter. Hedge funds and other institutional investors own 73.23% of the company’s stock.

NYSE:BPI traded down $2.32 during mid-day trading on Friday, hitting $7.64. 10,004 shares of the company’s stock were exchanged, compared to its average volume of 125,652. Bridgepoint Education has a fifty-two week low of $5.31 and a fifty-two week high of $13.63. The company has a market cap of $253.96 million, a PE ratio of 13.00, a P/E/G ratio of 1.47 and a beta of 2.24.

About Bridgepoint Education

Bridgepoint Education, Inc, together with its subsidiaries, provides postsecondary education services in the United States. Its academic institutions, Ashford University and University of the Rockies, offer associate's, bachelor's, master's, and doctoral degree programs in the disciplines of business, education, psychology, social sciences, and health sciences.

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