Brokerages Anticipate Bridgepoint Education Inc (BPI) to Announce ($0.08) Earnings Per Share

Shares of Bridgepoint Education Inc (NYSE:BPI) have been given a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.

Brokers have set a 12-month consensus price target of $12.75 for the company and are expecting that the company will post ($0.08) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Bridgepoint Education an industry rank of 89 out of 257 based on the ratings given to related companies.

Several research firms have recently issued reports on BPI. Zacks Investment Research lowered Bridgepoint Education from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 25th. ValuEngine lowered Bridgepoint Education from a “sell” rating to a “strong sell” rating in a research report on Saturday, November 10th. Barrington Research restated a “buy” rating and issued a $15.00 price target on shares of Bridgepoint Education in a research report on Wednesday, September 12th. Finally, TheStreet upgraded Bridgepoint Education from a “c” rating to a “b-” rating in a research report on Friday, August 10th.

BPI traded up $0.03 during mid-day trading on Wednesday, reaching $7.89. The stock had a trading volume of 7,402 shares, compared to its average volume of 181,882. The firm has a market capitalization of $213.34 million, a price-to-earnings ratio of 13.32, a PEG ratio of 1.06 and a beta of 2.24. Bridgepoint Education has a 52 week low of $5.31 and a 52 week high of $13.63.

Bridgepoint Education (NYSE:BPI) last announced its quarterly earnings data on Thursday, November 8th. The company reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.07. The firm had revenue of $114.86 million for the quarter, compared to analyst estimates of $117.25 million. Bridgepoint Education had a return on equity of 13.35% and a net margin of 3.96%. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period last year, the company earned $0.25 EPS. On average, equities analysts forecast that Bridgepoint Education will post 0.75 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new position in shares of Bridgepoint Education in the 3rd quarter worth $197,000. Ibex Investors LLC bought a new position in shares of Bridgepoint Education in the 3rd quarter worth $206,000. Engineers Gate Manager LP boosted its position in shares of Bridgepoint Education by 22.9% in the 2nd quarter. Engineers Gate Manager LP now owns 23,924 shares of the company’s stock worth $156,000 after purchasing an additional 4,455 shares during the last quarter. Trexquant Investment LP boosted its position in shares of Bridgepoint Education by 108.5% in the 3rd quarter. Trexquant Investment LP now owns 25,648 shares of the company’s stock worth $261,000 after purchasing an additional 13,344 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Bridgepoint Education by 36.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 27,066 shares of the company’s stock worth $275,000 after purchasing an additional 7,232 shares during the last quarter. Institutional investors and hedge funds own 73.48% of the company’s stock.

Bridgepoint Education Company Profile

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.

See Also: Book Value Per Share – BVPS

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