Brokerages expect that Bridgepoint Education Inc (NYSE:BPI) will report sales of $117.25 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Bridgepoint Education’s earnings, with the lowest sales estimate coming in at $116.00 million and the highest estimate coming in at $118.50 million. Bridgepoint Education reported sales of $119.37 million during the same quarter last year, which indicates a negative year-over-year growth rate of 1.8%. The company is expected to report its next quarterly earnings results on Wednesday, October 24th.

On average, analysts expect that Bridgepoint Education will report full-year sales of $460.99 million for the current fiscal year, with estimates ranging from $457.87 million to $464.10 million. For the next year, analysts anticipate that the company will post sales of $469.40 million per share, with estimates ranging from $465.00 million to $473.80 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Bridgepoint Education.

Bridgepoint Education (NYSE:BPI) last issued its earnings results on Wednesday, July 25th. The company reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.38. Bridgepoint Education had a net margin of 3.00% and a return on equity of 12.93%. The business had revenue of $120.80 million for the quarter, compared to the consensus estimate of $114.30 million. During the same quarter last year, the firm posted $0.21 EPS. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year.

A number of equities analysts have recently commented on BPI shares. Zacks Investment Research raised shares of Bridgepoint Education from a “sell” rating to a “hold” rating in a research note on Tuesday, July 3rd. Barrington Research reissued a “buy” rating and issued a $15.00 target price on shares of Bridgepoint Education in a research note on Wednesday, September 12th. ValuEngine raised shares of Bridgepoint Education from a “sell” rating to a “hold” rating in a research note on Thursday, July 26th. Finally, TheStreet raised shares of Bridgepoint Education from a “c” rating to a “b-” rating in a research note on Friday, August 10th. Two research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $14.00.

Shares of BPI stock traded up $0.10 during mid-day trading on Thursday, reaching $10.42. The company’s stock had a trading volume of 531,435 shares, compared to its average volume of 256,307. Bridgepoint Education has a 12-month low of $5.31 and a 12-month high of $13.63. The company has a market cap of $274.47 million, a PE ratio of 17.56, a P/E/G ratio of 1.59 and a beta of 2.45.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew 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 valued at $10,682,000 after purchasing an additional 380,124 shares in the last quarter. Northern Trust Corp grew its holdings in Bridgepoint Education by 20.3% during the 1st quarter. Northern Trust Corp now owns 286,843 shares of the company’s stock valued at $1,934,000 after purchasing an additional 48,429 shares in the last quarter. LMR Partners LLP acquired a new stake in Bridgepoint Education during the 2nd quarter valued at $302,000. Engineers Gate Manager LP acquired a new stake in Bridgepoint Education during the 1st quarter valued at $131,000. Finally, Chicago Equity Partners LLC grew its holdings in Bridgepoint Education by 10.5% during the 1st quarter. Chicago Equity Partners LLC now owns 147,334 shares of the company’s stock valued at $993,000 after purchasing an additional 14,050 shares in the last quarter. 77.72% of the stock is owned by institutional investors and hedge funds.

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 and Estimates for Bridgepoint Education (NYSE:BPI)

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