Wall Street analysts expect Brookdale Senior Living, Inc. (NYSE:BKD) to post $1.17 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Brookdale Senior Living’s earnings. The highest sales estimate is $1.18 billion and the lowest is $1.16 billion. Brookdale Senior Living reported sales of $1.21 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 3.3%. The company is expected to issue its next quarterly earnings results on Monday, February 12th.
According to Zacks, analysts expect that Brookdale Senior Living will report full year sales of $1.17 billion for the current financial year, with estimates ranging from $4.74 billion to $4.76 billion. For the next financial year, analysts anticipate that the firm will post sales of $4.64 billion per share, with estimates ranging from $4.50 billion to $4.77 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Brookdale Senior Living.
Brookdale Senior Living (NYSE:BKD) last released its earnings results on Monday, November 6th. The company reported ($2.22) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($1.97). Brookdale Senior Living had a negative return on equity of 0.79% and a negative net margin of 17.85%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the business posted ($0.28) EPS. The firm’s revenue was down 5.9% on a year-over-year basis.
BKD has been the subject of a number of research analyst reports. Jefferies Group reiterated a “buy” rating and issued a $15.50 price target (down previously from $16.50) on shares of Brookdale Senior Living in a report on Monday, October 2nd. Royal Bank of Canada reiterated a “buy” rating and issued a $19.00 price target on shares of Brookdale Senior Living in a report on Friday, October 13th. Stifel Nicolaus cut their price target on shares of Brookdale Senior Living from $16.00 to $14.00 and set a “buy” rating for the company in a report on Tuesday, November 7th. Stephens set a $16.00 price target on shares of Brookdale Senior Living and gave the company a “buy” rating in a report on Monday, November 20th. Finally, Zacks Investment Research upgraded shares of Brookdale Senior Living from a “strong sell” rating to a “hold” rating in a report on Monday, December 18th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. Brookdale Senior Living currently has an average rating of “Hold” and an average price target of $15.42.
Large investors have recently bought and sold shares of the business. Nomura Holdings Inc. purchased a new position in Brookdale Senior Living during the 2nd quarter valued at about $432,000. Kennedy Capital Management Inc. increased its holdings in Brookdale Senior Living by 90.2% during the 2nd quarter. Kennedy Capital Management Inc. now owns 539,989 shares of the company’s stock valued at $7,943,000 after acquiring an additional 256,066 shares in the last quarter. Pax World Management LLC increased its holdings in Brookdale Senior Living by 17.6% during the 3rd quarter. Pax World Management LLC now owns 1,151,286 shares of the company’s stock valued at $12,204,000 after acquiring an additional 172,494 shares in the last quarter. Nationwide Fund Advisors increased its holdings in Brookdale Senior Living by 268.9% during the 3rd quarter. Nationwide Fund Advisors now owns 299,739 shares of the company’s stock valued at $3,177,000 after acquiring an additional 218,490 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Brookdale Senior Living by 21.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 11,968,001 shares of the company’s stock valued at $126,862,000 after acquiring an additional 2,080,341 shares in the last quarter. Hedge funds and other institutional investors own 99.60% of the company’s stock.
Brookdale Senior Living (NYSE BKD) opened at $9.40 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 3.23. The stock has a market cap of $1,750.00, a PE ratio of -2.04 and a beta of 1.73. Brookdale Senior Living has a twelve month low of $8.78 and a twelve month high of $16.31.
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Brookdale Senior Living Company Profile
Brookdale Senior Living Inc operates senior living communities in the United States. The Company operates independent living, assisted living and dementia-care communities, and continuing care retirement centers (CCRCs). It operates through five segments: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services and Management Services.
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