Wall Street brokerages expect Bright Horizons Family Solutions Inc (NYSE:BFAM) to post sales of $457.71 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Bright Horizons Family Solutions’ earnings. The lowest sales estimate is $457.44 million and the highest is $457.98 million. Bright Horizons Family Solutions posted sales of $422.16 million during the same quarter last year, which indicates a positive year-over-year growth rate of 8.4%. The firm is expected to issue its next earnings results on Thursday, May 3rd.
According to Zacks, analysts expect that Bright Horizons Family Solutions will report full year sales of $457.71 million for the current financial year, with estimates ranging from $1.89 billion to $1.90 billion. For the next year, analysts expect that the business will report sales of $2.05 billion per share, with estimates ranging from $2.03 billion to $2.06 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Bright Horizons Family Solutions.
Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.04. The firm had revenue of $440.00 million during the quarter, compared to analysts’ expectations of $438.99 million. Bright Horizons Family Solutions had a net margin of 9.02% and a return on equity of 20.75%. Bright Horizons Family Solutions’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.56 EPS.
A number of analysts recently weighed in on BFAM shares. Royal Bank of Canada reiterated a “buy” rating on shares of Bright Horizons Family Solutions in a research note on Friday, February 9th. Barclays restated a “buy” rating and set a $105.00 price objective on shares of Bright Horizons Family Solutions in a research report on Wednesday, December 27th. Citigroup upped their price objective on shares of Bright Horizons Family Solutions from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Zacks Investment Research upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Tuesday, November 7th. Finally, Robert W. Baird restated a “hold” rating on shares of Bright Horizons Family Solutions in a research report on Friday, November 3rd. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $100.13.
Shares of Bright Horizons Family Solutions (NYSE BFAM) traded up $0.49 during trading hours on Tuesday, reaching $96.46. 186,248 shares of the company were exchanged, compared to its average volume of 203,074. The firm has a market cap of $5,733.40, a PE ratio of 37.91, a P/E/G ratio of 2.20 and a beta of 0.15. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.49. Bright Horizons Family Solutions has a 12-month low of $68.11 and a 12-month high of $98.84.
In other news, Director Linda A. Mason sold 10,034 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $98.30, for a total value of $986,342.20. Following the completion of the transaction, the director now owns 10,552 shares in the company, valued at approximately $1,037,261.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stephen Howard Kramer sold 2,962 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $95.35, for a total transaction of $282,426.70. Following the completion of the transaction, the chief executive officer now owns 110,323 shares of the company’s stock, valued at approximately $10,519,298.05. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,774 shares of company stock valued at $4,864,477. 2.90% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. American International Group Inc. purchased a new position in shares of Bright Horizons Family Solutions in the 4th quarter valued at about $120,000. Advisor Group Inc. grew its stake in Bright Horizons Family Solutions by 213.6% in the 2nd quarter. Advisor Group Inc. now owns 1,988 shares of the company’s stock valued at $152,000 after acquiring an additional 1,354 shares during the last quarter. We Are One Seven LLC acquired a new stake in Bright Horizons Family Solutions in the 4th quarter valued at about $167,000. Zions Bancorporation acquired a new stake in Bright Horizons Family Solutions in the 3rd quarter valued at about $170,000. Finally, Eagle Boston Investment Management Inc. acquired a new stake in Bright Horizons Family Solutions in the 4th quarter valued at about $205,000. Institutional investors and hedge funds own 99.42% of the company’s stock.
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About Bright Horizons Family Solutions
Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.
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