Last $12.57 USD
Change Today +0.16 / 1.29%
Volume 127.0K
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As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

bridgepoint education inc (BPI) Key Developments

Bridgepoint Education, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Revenue Guidance for the Remainder of the Year 2014

Bridgepoint Education, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. Revenue was $171.5 million compared with $193.5 million for the same period in 2013. Operating income was $22.4 million compared with $19.1 million for the same period in 2013. Net income was $13.0 million or $0.28 per diluted share compared with $12.1 million or $0.22 per basic and diluted share for the same period in 2013. The company's effective tax rate for the second quarter of 2014 was 44.0%. Income before income taxes was $23,126,000 against $19,881,000 a year ago. The revenue decrease was primarily due to lower student total enrollment, which was 61,117 as of June 30, 2014, compared with 71,685 in the same period last year. For the six months, revenue was $328.8 million, compared to $406.5 million for the same period in 2013. Operating income was $14.6 million compared to $58.8 million for the same period in 2013. Net income was $8.6 million or $0.19 per basic and diluted share compared to $36.8 million or $0.66 per diluted share for the same period in 2013. Income before income taxes was $15,635,000 against $60,394,000 a year ago. Net cash used in operating activities was $3,841,000 against net cash provided by operating activities of $38,724,000 a year ago. Capital expenditures were $6,203,000 against $6,778,000 a year ago. For the remainder of 2014, the company expects that revenue will be reduced by approximately 3%, with a corresponding decrease in bad debt expense over the remainder of the year.

Bridgepoint Education, Inc. to Report Q2, 2014 Results on Aug 07, 2014

Bridgepoint Education, Inc. announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Aug 07, 2014

Bridgepoint Education, Inc., Q2 2014 Earnings Call, Aug 07, 2014

Bridgepoint Education, Inc., Q2 2014 Earnings Call, Aug 07, 2014

Bridgepoint Education, Inc. announced delayed 10-Q filing

On 05/13/2014, Bridgepoint Education, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Bridgepoint Education Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Bridgepoint Education announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the period, the company reported revenue of $160,523,000, operating loss of $7,978,000, loss before income taxes of $7,611,000 and net loss of $4,399,000 or $0.10 per basic and diluted share. Net cash used in operating activities was $24,707,000. Capital expenditures were $3,054,000.

 

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Price/Earnings 35.7x
Price/Sales 0.8x
Price/Book 1.6x
Price/Cash Flow 31.7x
TEV/Sales 0.5x
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