Press coverage about Bright Horizons Family Solutions (NYSE:BFAM) has trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Bright Horizons Family Solutions earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 44.2921099202957 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
BFAM has been the subject of several research analyst reports. Citigroup lifted their price objective on shares of Bright Horizons Family Solutions to $107.00 and gave the company a “buy” rating in a research note on Monday, February 12th. Barclays reiterated a “buy” rating and issued a $105.00 price objective on shares of Bright Horizons Family Solutions in a research note on Wednesday, December 27th. Macquarie initiated coverage on shares of Bright Horizons Family Solutions in a research note on Thursday, December 21st. They issued a “neutral” rating and a $95.00 price objective for the company. Royal Bank of Canada lifted their price objective on shares of Bright Horizons Family Solutions to $98.00 and gave the company an “outperform” rating in a research note on Friday, January 19th. They noted that the move was a valuation call. Finally, Credit Suisse Group boosted their price target on shares of Bright Horizons Family Solutions from $90.00 to $98.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $101.67.
Shares of BFAM stock opened at $98.80 on Friday. The firm has a market cap of $5,752.94, a price-to-earnings ratio of 38.75, a price-to-earnings-growth ratio of 2.24 and a beta of 0.07. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.42 and a quick ratio of 0.42. Bright Horizons Family Solutions has a 12 month low of $71.08 and a 12 month high of $105.04.
Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.04. The business had revenue of $440.00 million during the quarter, compared to analyst estimates of $438.99 million. Bright Horizons Family Solutions had a net margin of 9.02% and a return on equity of 20.69%. Bright Horizons Family Solutions’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.56 EPS. analysts forecast that Bright Horizons Family Solutions will post 2.93 EPS for the current year.
In other Bright Horizons Family Solutions news, Chairman David H. Lissy sold 100,000 shares of the business’s stock in a transaction on Thursday, March 29th. The shares were sold at an average price of $102.35, for a total transaction of $10,235,000.00. Following the completion of the sale, the chairman now owns 327,693 shares in the company, valued at approximately $33,539,378.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Mary Lou Burke sold 250 shares of the business’s stock in a transaction on Monday, March 26th. The shares were sold at an average price of $105.00, for a total transaction of $26,250.00. Following the sale, the chief operating officer now owns 29,846 shares of the company’s stock, valued at approximately $3,133,830. The disclosure for this sale can be found here. Insiders have sold a total of 171,281 shares of company stock valued at $17,283,291 in the last 90 days. 2.90% of the stock is currently owned by company insiders.
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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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