$0.84 EPS Expected for Bright Horizons Family Solutions Inc (BFAM) This Quarter

Wall Street analysts expect that Bright Horizons Family Solutions Inc (NYSE:BFAM) will post $0.84 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Bright Horizons Family Solutions’ earnings, with the highest EPS estimate coming in at $0.85 and the lowest estimate coming in at $0.83. Bright Horizons Family Solutions reported earnings of $0.73 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 15.1%. The business is expected to report its next earnings report on Thursday, February 14th.

According to Zacks, analysts expect that Bright Horizons Family Solutions will report full-year earnings of $3.15 per share for the current year, with EPS estimates ranging from $3.14 to $3.16. For the next fiscal year, analysts anticipate that the firm will report earnings of $3.55 per share, with EPS estimates ranging from $3.48 to $3.61. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Bright Horizons Family Solutions.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results on Thursday, November 1st. The company reported $0.73 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.73. The company had revenue of $472.00 million for the quarter, compared to analyst estimates of $471.85 million. Bright Horizons Family Solutions had a net margin of 8.73% and a return on equity of 22.55%. The firm’s revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.62 EPS.

BFAM has been the topic of a number of research reports. Zacks Investment Research raised shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Monday, September 3rd. Robert W. Baird boosted their target price on shares of Bright Horizons Family Solutions from $115.00 to $122.00 and gave the stock a “neutral” rating in a report on Friday, November 2nd. JPMorgan Chase & Co. boosted their target price on shares of Bright Horizons Family Solutions from $121.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, November 2nd. BMO Capital Markets reduced their target price on shares of Bright Horizons Family Solutions from $123.00 to $120.00 and set a “market perform” rating on the stock in a report on Tuesday, November 6th. Finally, Barclays boosted their target price on shares of Bright Horizons Family Solutions from $105.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, November 2nd. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $113.36.

In related news, CEO Stephen Howard Kramer sold 3,500 shares of the stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $115.05, for a total transaction of $402,675.00. Following the completion of the transaction, the chief executive officer now owns 98,400 shares in the company, valued at $11,320,920. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Mary Ann Tocio sold 7,500 shares of the stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $117.21, for a total transaction of $879,075.00. Following the transaction, the director now owns 69,043 shares of the company’s stock, valued at approximately $8,092,530.03. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,245 shares of company stock worth $6,004,224. Corporate insiders own 2.20% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Bright Horizons Family Solutions by 2.6% in the third quarter. Vanguard Group Inc. now owns 5,004,064 shares of the company’s stock valued at $589,678,000 after purchasing an additional 126,335 shares in the last quarter. Morgan Stanley raised its stake in shares of Bright Horizons Family Solutions by 30.5% during the third quarter. Morgan Stanley now owns 91,944 shares of the company’s stock worth $10,835,000 after acquiring an additional 21,512 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Bright Horizons Family Solutions by 27.6% in the third quarter. Nordea Investment Management AB now owns 41,560 shares of the company’s stock worth $4,897,000 after purchasing an additional 9,000 shares during the last quarter. Teachers Advisors LLC grew its holdings in shares of Bright Horizons Family Solutions by 1.2% in the third quarter. Teachers Advisors LLC now owns 237,714 shares of the company’s stock worth $28,012,000 after purchasing an additional 2,741 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Bright Horizons Family Solutions by 29.0% in the third quarter. AQR Capital Management LLC now owns 60,541 shares of the company’s stock worth $7,134,000 after purchasing an additional 13,616 shares during the last quarter. Institutional investors own 97.72% of the company’s stock.

Shares of Bright Horizons Family Solutions stock opened at $121.17 on Monday. The company has a market cap of $7.04 billion, a P/E ratio of 47.52, a P/E/G ratio of 3.40 and a beta of 0.23. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.39 and a current ratio of 0.39. Bright Horizons Family Solutions has a 1 year low of $89.22 and a 1 year high of $123.93.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc provides child care and early education, back-up dependent care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Dependent Care, and Other Educational Advisory Services.

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