Bridgepoint Education Inc. (BPI) Trading Down 3%
Bridgepoint Education Inc. (NYSE:BPI) shares traded down 3% during mid-day trading on Friday . The company traded as low as $7.36 and last traded at $7.42, with a volume of 58,102 shares trading hands. The stock had previously closed at $7.65.
Several brokerages have commented on BPI. Zacks Investment Research raised Bridgepoint Education from a “sell” rating to a “hold” rating in a report on Tuesday, July 5th. TheStreet cut Bridgepoint Education from a “hold” rating to a “sell” rating in a report on Monday, June 6th.
The company’s market capitalization is $343.62 million. The stock’s 50-day moving average price is $7.50 and its 200 day moving average price is $8.14.
Bridgepoint Education (NYSE:BPI) last announced its earnings results on Tuesday, August 2nd. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The firm earned $137.97 million during the quarter, compared to analysts’ expectations of $141.50 million. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.01) EPS. On average, equities analysts forecast that Bridgepoint Education Inc. will post $0.22 EPS for the current fiscal year.
Bridgepoint Education, Inc (Bridgepoint) is a provider of postsecondary education services. The Company’s academic institutions include Ashford University and University of the Rockies, which offer associate’s, bachelor’s, master’s and doctoral programs online, as well as at the campuses located in Iowa and Colorado, respectively.
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