Equities Analysts Issue Forecasts for Bridgepoint Education Inc’s Q2 2019 Earnings (BPI)
Bridgepoint Education Inc (NYSE:BPI) – Equities research analysts at Barrington Research reduced their Q2 2019 earnings per share estimates for Bridgepoint Education in a research report issued on Wednesday, March 13th. Barrington Research analyst A. Paris. Jr now expects that the company will post earnings per share of $0.34 for the quarter, down from their prior estimate of $0.37. Barrington Research currently has a “Buy” rating on the stock. Barrington Research also issued estimates for Bridgepoint Education’s Q3 2019 earnings at $0.13 EPS and FY2019 earnings at $0.32 EPS.
A number of other equities research analysts have also issued reports on BPI. TheStreet lowered shares of Bridgepoint Education from a “b-” rating to a “c+” rating in a report on Tuesday, November 27th. ValuEngine raised shares of Bridgepoint Education from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 2nd. Finally, Zacks Investment Research raised shares of Bridgepoint Education from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research report on Thursday, February 14th.
Bridgepoint Education (NYSE:BPI) last released its earnings results on Tuesday, March 12th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.11). The business had revenue of $94.71 million for the quarter, compared to analyst estimates of $102.20 million. Bridgepoint Education had a return on equity of 11.78% and a net margin of 2.32%.
In other Bridgepoint Education 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 sale, the director now directly owns 66,871 shares of the company’s stock, valued at approximately $693,452.27. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 31.90% of the company’s stock.
Large investors have recently made changes to their positions in the business. PEAK6 Investments LLC increased its position in shares of Bridgepoint Education by 34.3% in 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 during the last quarter. Brandywine Global Investment Management LLC purchased a new stake in shares of Bridgepoint Education in the 4th quarter valued at approximately $101,000. Russell Investments Group Ltd. purchased a new position in shares of Bridgepoint Education in the 3rd quarter valued at $197,000. Ibex Investors LLC purchased a new position in shares of Bridgepoint Education in the 3rd quarter valued at $206,000. Finally, Municipal Employees Retirement System of Michigan purchased a new position in shares of Bridgepoint Education in the 4th quarter valued at $227,000. 80.99% of the stock is currently owned by institutional investors.
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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