Wall Street analysts expect Brookdale Senior Living (NYSE:BKD) to announce earnings of ($0.22) per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Brookdale Senior Living’s earnings. The highest EPS estimate is ($0.20) and the lowest is ($0.24). Brookdale Senior Living posted earnings of ($0.05) per share during the same quarter last year, which suggests a negative year-over-year growth rate of 340%. The business is expected to announce its next earnings report on Monday, May 14th.
According to Zacks, analysts expect that Brookdale Senior Living will report full year earnings of ($0.83) per share for the current fiscal year, with EPS estimates ranging from ($1.01) to ($0.62). For the next fiscal year, analysts expect that the firm will post earnings of ($0.68) per share, with EPS estimates ranging from ($0.82) to ($0.48). Zacks’ EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Brookdale Senior Living.
Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Thursday, February 22nd. The company reported ($0.26) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($0.01). Brookdale Senior Living had a negative net margin of 12.04% and a negative return on equity of 8.40%. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the business posted ($1.45) EPS. The business’s revenue was down 3.5% on a year-over-year basis.
BKD has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a report on Friday. Royal Bank of Canada lowered shares of Brookdale Senior Living from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $13.00 to $8.00 in a research note on Tuesday, February 27th. Stephens reissued a “buy” rating and set a $12.00 target price on shares of Brookdale Senior Living in a research note on Tuesday, March 6th. Stifel Nicolaus downgraded shares of Brookdale Senior Living from a “buy” rating to a “hold” rating and dropped their price target for the stock from $14.00 to $9.00 in a research report on Thursday, February 22nd. Finally, Jefferies Group set a $9.00 price target on shares of Brookdale Senior Living and gave the stock a “buy” rating in a research report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Brookdale Senior Living has a consensus rating of “Hold” and an average target price of $10.80.
Brookdale Senior Living stock traded up $0.08 during midday trading on Monday, hitting $6.75. 2,462,308 shares of the stock were exchanged, compared to its average volume of 3,576,321. Brookdale Senior Living has a 1 year low of $6.33 and a 1 year high of $15.66. The company has a market capitalization of $1,244.44, a price-to-earnings ratio of -8.65 and a beta of 1.79. The company has a debt-to-equity ratio of 2.97, a current ratio of 0.82 and a quick ratio of 0.82.
In related news, Director Marcus E. Bromley acquired 6,950 shares of the stock in a transaction that occurred on Tuesday, March 6th. The shares were purchased at an average cost of $7.18 per share, with a total value of $49,901.00. Following the completion of the transaction, the director now owns 28,359 shares of the company’s stock, valued at approximately $203,617.62. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lee S. Wielansky acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were bought at an average cost of $6.90 per share, for a total transaction of $69,000.00. Following the completion of the transaction, the director now directly owns 44,619 shares of the company’s stock, valued at approximately $307,871.10. The disclosure for this purchase can be found here. Insiders have purchased 36,950 shares of company stock worth $256,401 over the last ninety days. 1.50% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Lee Danner & Bass Inc. grew its position in Brookdale Senior Living by 18.7% during the fourth quarter. Lee Danner & Bass Inc. now owns 1,128,174 shares of the company’s stock valued at $10,943,000 after purchasing an additional 177,797 shares in the last quarter. Nationwide Fund Advisors grew its position in Brookdale Senior Living by 268.9% in the third quarter. Nationwide Fund Advisors now owns 299,739 shares of the company’s stock worth $3,177,000 after acquiring an additional 218,490 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Brookdale Senior Living by 21.0% in the third quarter. Dimensional Fund Advisors LP now owns 11,968,001 shares of the company’s stock worth $126,862,000 after acquiring an additional 2,080,341 shares in the last quarter. Long Pond Capital LP bought a new stake in Brookdale Senior Living in the fourth quarter worth approximately $23,075,000. Finally, Brown Advisory Inc. grew its position in Brookdale Senior Living by 193.8% in the fourth quarter. Brown Advisory Inc. now owns 104,615 shares of the company’s stock worth $1,015,000 after acquiring an additional 69,012 shares in the last quarter.
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About Brookdale Senior Living
Brookdale Senior Living Inc owns and operates senior living communities in the United States. It operates through five segments: Retirement Centers, Assisted Living, CCRCs ? Rental, Brookdale Ancillary Services, and Management Services. The Retirement Centers segment owns or leases communities comprising independent living and assisted living units in a single community that are primarily designed for middle to upper income senior citizens.
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