Last $11.17 USD
Change Today -0.01 / -0.09%
Volume 115.7K
BPI On Other Exchanges
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As of 8:04 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

bridgepoint education inc (BPI) Snapshot

Open
$11.34
Previous Close
$11.18
Day High
$11.50
Day Low
$11.13
52 Week High
02/25/14 - $20.15
52 Week Low
11/20/14 - $10.57
Market Cap
506.8M
Average Volume 10 Days
115.6K
EPS TTM
$0.30
Shares Outstanding
45.4M
EX-Date
--
P/E TM
37.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for BRIDGEPOINT EDUCATION INC (BPI)

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bridgepoint education inc (BPI) Details

Bridgepoint Education, Inc., together with its subsidiaries, provides postsecondary education services. Its academic institutions, Ashford University and University of the Rockies, offer associate's, bachelor's, master's, and doctoral programs in the disciplines of business, education, psychology, social sciences, and health sciences. The company offers its programs online, as well as at its campuses located in Clinton, Iowa and Colorado Springs, Colorado. As of December 31, 2013, its institutions offered approximately 1,570 courses, 80 degree programs, and 145 specializations; and had 63,624 enrolled students. The company was formerly known as TeleUniversity, Inc. and changed its name to Bridgepoint Education, Inc. in February 2004. Bridgepoint Education, Inc. was founded in 1999 and is headquartered in San Diego, California.

3,720 Employees
Last Reported Date: 08/4/14
Founded in 1999

bridgepoint education inc (BPI) Top Compensated Officers

Co-Founder, Chief Executive Officer, Presiden...
Total Annual Compensation: $600.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $365.0K
Chief Administrative Officer and Executive Vi...
Total Annual Compensation: $380.0K
Chief Academic Officer and Executive Vice Pre...
Total Annual Compensation: $330.0K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $330.0K
Compensation as of Fiscal Year 2013.

bridgepoint education inc (BPI) Key Developments

Bridgepoint Education Lays Off 223 Workers in Three States

Bridgepoint Education and its subsidiary for-profit universities laid off a total of 223 workers in three states to bring the company’s employee head count in line with its student enrollment. According to the company 93 employees were laid off from Ashford University, while 123 were let go from parent company Bridgepoint. The rest came from other operations.

Bridgepoint Education, Inc. Reports Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Capital Expenditure Guidance for Fiscal 2014; Provides Financial Guidance for Fiscal 2015

Bridgepoint Education, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income of $6,291,000 or $0.14 per basic and diluted share on revenue of $162,654,000 against net income of $14,211,000 or $0.26 per basic share and $0.25 per diluted share on revenue of $182,768,000 a year ago. Operating income was $10,581,000 compared to $19,524,000 a year ago. Income before income taxes was $11,661,000 compared to $20,310,000 a year ago. The decrease in revenue is primarily due to lower total student enrollment, which was 59,552 as of September 30, 2014 compared with 68,566 in the same period last year. Additionally, the company reminds that fourth quarter is traditionally a shorter revenue quarter than third quarter, and in the fourth quarter, it will have 83 revenue days, 9 fewer than in the current quarter. The fewer revenue days will result in lower revenues as compared to third quarter, and the lower revenue will be reflected in lower earnings as compared to the current quarter. For the nine months, the company reported net income of $14,916,000 or $0.33 per basic share and $0.32 per diluted share on revenue of $491,446,000 against net income of $50,992,000 or $0.94 per basic share and $0.91 per diluted share on revenue of $589,224,000 a year ago. Operating income was $25,137,000 compared to $78,333,000 a year ago. Income before income taxes was $27,296,000 compared to $80,704,000 a year ago. Net cash provided by operating activities was $24,584,000 compared to $61,808,000 a year ago. Capital expenditures were $9,644,000 compared to $11,737,000 a year ago. The company anticipates new enrollments will be positive throughout 2015, and total enrollments will turn positive in the second half of the year. The company currently view 2014 earnings as the bottom. With these positive student outcomes and a continued focus on operational efficiencies, it is focused on improving operating margins in 2015, and longer-term goal of EBITDA margin remains in the mid-teens. Throughout 2015, it will continue to review uses of cash balances and auctions for enhancing shareholder value, including acquisitions that would meaningfully diversify Bridgepoint Education, share repurchases and other value-creating opportunities. For fiscal 2014, the company expects capital expenditure should be in a 3% to 3.5% range. For the fourth quarter of 2014, the company expects, tax rate is going to be higher within the quarter. The company expects annualized target of 46 3% for 2014.

Bridgepoint Education, Inc. to Report Q3, 2014 Results on Nov 05, 2014

Bridgepoint Education, Inc. announced that they will report Q3, 2014 results at 11:30 AM, US Eastern Standard Time on Nov 05, 2014

 

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BPI

Industry Average

Valuation BPI Industry Range
Price/Earnings 55.3x
Price/Sales 0.8x
Price/Book 1.4x
Price/Cash Flow 51.7x
TEV/Sales 0.4x
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