Analysts Anticipate Bridgepoint Education Inc (BPI) to Post $0.22 EPS

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Bridgepoint Education Inc (NYSE:BPI) has been assigned an average broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.

Brokers have set a 1 year consensus price target of $14.00 for the company and are anticipating that the company will post $0.22 EPS for the current quarter, according to Zacks. Zacks has also assigned Bridgepoint Education an industry rank of 168 out of 255 based on the ratings given to related companies.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research raised Bridgepoint Education from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Tuesday. ValuEngine raised Bridgepoint Education from a “sell” rating to a “hold” rating in a report on Thursday, July 26th. TheStreet raised Bridgepoint Education from a “c” rating to a “b-” rating in a report on Friday, August 10th. Finally, Barrington Research reaffirmed a “buy” rating and issued a $15.00 target price on shares of Bridgepoint Education in a report on Wednesday, September 12th.

Shares of BPI stock traded down $0.12 during trading hours on Friday, hitting $9.45. The stock had a trading volume of 88,550 shares, compared to its average volume of 249,296. Bridgepoint Education has a one year low of $5.31 and a one year high of $13.63. The stock has a market capitalization of $274.20 million, a price-to-earnings ratio of 16.02, a price-to-earnings-growth ratio of 1.59 and a beta of 2.45.

Bridgepoint Education (NYSE:BPI) last issued its earnings results on Wednesday, July 25th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.38. Bridgepoint Education had a return on equity of 12.93% and a net margin of 3.00%. The firm had revenue of $120.80 million for the quarter, compared to analysts’ expectations of $114.30 million. During the same period in the previous year, the firm posted $0.21 earnings per share. The business’s revenue was down 3.0% compared to the same quarter last year. As a group, research analysts forecast that Bridgepoint Education will post 0.64 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC purchased a new position in Bridgepoint Education in the second quarter worth about $571,000. Putnam Investments LLC purchased a new position in Bridgepoint Education in the second quarter worth about $1,717,000. Millennium Management LLC grew its position in Bridgepoint Education by 1.3% in the second quarter. Millennium Management LLC now owns 609,077 shares of the company’s stock worth $3,977,000 after acquiring an additional 7,855 shares in the last quarter. Paloma Partners Management Co purchased a new position in Bridgepoint Education in the second quarter worth about $841,000. Finally, Bank of America Corp DE grew its position in Bridgepoint Education by 143.0% in the second quarter. Bank of America Corp DE now owns 49,136 shares of the company’s stock worth $321,000 after acquiring an additional 28,918 shares in the last quarter. Institutional investors own 77.72% 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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