Brokers Issue Forecasts for Bridgepoint Education Inc’s Q1 2019 Earnings (BPI)
Bridgepoint Education Inc (NYSE:BPI) – Piper Jaffray Companies lifted their Q1 2019 earnings estimates for Bridgepoint Education in a report issued on Tuesday, March 12th. Piper Jaffray Companies analyst P. Appert now anticipates that the company will post earnings per share of $0.00 for the quarter, up from their prior forecast of ($0.01). Piper Jaffray Companies also issued estimates for Bridgepoint Education’s Q2 2019 earnings at $0.37 EPS, Q4 2019 earnings at ($0.27) EPS and FY2019 earnings at $0.22 EPS.
Bridgepoint Education (NYSE:BPI) last issued its quarterly earnings data on Tuesday, March 12th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.11). Bridgepoint Education had a return on equity of 11.78% and a net margin of 2.32%. The business had revenue of $94.71 million during the quarter, compared to the consensus estimate of $102.20 million.
Shares of Bridgepoint Education stock opened at $6.73 on Friday. The firm has a market cap of $190.00 million, a price-to-earnings ratio of 14.32, a price-to-earnings-growth ratio of 1.25 and a beta of 2.22. Bridgepoint Education has a 1-year low of $5.31 and a 1-year high of $13.63.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. PEAK6 Investments LLC boosted its stake in Bridgepoint Education by 34.3% during the 4th quarter. PEAK6 Investments LLC now owns 13,428 shares of the company’s stock valued at $94,000 after purchasing an additional 3,428 shares in the last quarter. Brandywine Global Investment Management LLC acquired a new position in shares of Bridgepoint Education during the 4th quarter valued at $101,000. Russell Investments Group Ltd. acquired a new position in shares of Bridgepoint Education during the 3rd quarter valued at $197,000. Ibex Investors LLC acquired a new position in shares of Bridgepoint Education during the 3rd quarter valued at $206,000. Finally, Municipal Employees Retirement System of Michigan bought a new stake in shares of Bridgepoint Education in the 4th quarter worth $227,000. Institutional investors and hedge funds own 80.99% of the company’s stock.
In other news, Director Robert D. Hartman sold 5,925 shares of the stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $10.37, for a total value of $61,442.25. Following the completion of the transaction, the director now directly owns 66,871 shares in the company, valued at $693,452.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 31.90% of the company’s stock.
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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