Bridgepoint Education (BPI) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS

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Bridgepoint Education (NYSE:BPI) issued its quarterly earnings data on Thursday. The company reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.07, Briefing.com reports. The business had revenue of $114.86 million during the quarter, compared to the consensus estimate of $117.25 million. Bridgepoint Education had a return on equity of 12.93% and a net margin of 3.00%. The business’s revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 earnings per share.

BPI opened at $7.82 on Friday. The company has a market capitalization of $265.02 million, a price-to-earnings ratio of 13.25, a PEG ratio of 1.53 and a beta of 2.24. Bridgepoint Education has a 1-year low of $5.31 and a 1-year high of $13.63.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BPI. Nantahala Capital Management LLC lifted its position in Bridgepoint Education by 200.5% in the second 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 period. BlackRock Inc. lifted its position in Bridgepoint Education by 31.5% in the first 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 period. Acadian Asset Management LLC acquired a new stake in Bridgepoint Education in the third quarter worth approximately $3,679,000. Putnam Investments LLC acquired a new stake in Bridgepoint Education in the second quarter worth approximately $1,717,000. Finally, Renaissance Technologies LLC lifted its position in Bridgepoint Education by 27.5% in the second 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 period. Hedge funds and other institutional investors own 73.23% of the company’s stock.

Several brokerages have recently issued reports on BPI. ValuEngine downgraded Bridgepoint Education from a “sell” rating to a “strong sell” rating in a research report on Saturday. Zacks Investment Research downgraded Bridgepoint Education from a “buy” rating to a “hold” rating in a research report on Wednesday. Barrington Research reiterated a “buy” rating and set a $15.00 price objective 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.

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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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Earnings History for Bridgepoint Education (NYSE:BPI)

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