Bridgepoint Education Inc (BPI) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $0.12 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.11. The company posted revenue of $137.97 million in the period, compared to analysts expectations of $141.50 million. The company’s revenue was down -6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.01 EPS.
Bridgepoint Education Inc opened for trading at $7.05 and hit $7.19 on the upside on Friday, eventually ending the session at $7.13, with a gain of 0.85% or 0.06 points. The heightened volatility saw the trading volume jump to 97,521 shares. Company has a market cap of $330 M.
In a different news, on Aug 24, 2015, Rodney T. Sheng (EVP, Chief Admin. Officer) sold 28,521 shares at $7.89 per share price. According to the SEC, on Aug 18, 2015, Jane Mcauliffe (EVP, Chief Academic Officer) sold 15,281 shares at $8.13 per share price. On Jun 15, 2015, Ross Woodard (EVP, Chief Marketing Officer) sold 4,091 shares at $10.24 per share price, according to the Form-4 filing with the securities and exchange commission.
Bridgepoint Education Inc. (Bridgepoint) is a provider of postsecondary education services. The Company’s academic institutions include Ashford University and University of the Rockies are academic institutions that offer associate’s bachelor’s master’s and doctoral programs online as well as at the traditional campuses located in Iowa and Colorado respectively. Bridgepoint’s institutions conduct ongoing faculty and student assessment processes and provide a range of student services. The Company is also focused on developing new technologies through Waypoint Outcomes and Constellation and is in the development of its institutions mobile learning platforms. As of December 31 2014 the Company had 55823 total students enrolled in its institutions. As of December 31 2014 the Company’s institutions offered approximately 1580 courses 80 degree programs and 150 specializations. As of December 31 2014 the Company had more than 150 Constellation titles available.