Bright Horizons Family Solutions (NYSE:BFAM) Releases FY19 Earnings Guidance

Bright Horizons Family Solutions (NYSE:BFAM) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.59-3.64 for the period, compared to the Thomson Reuters consensus estimate of $3.62. The company issued revenue guidance of 8-10% (~$2.055-2.09 billion), compared to the consensus revenue estimate of $2.07 billion.Bright Horizons Family Solutions also updated its FY 2019 guidance to $3.59-3.64 EPS.

Shares of NYSE:BFAM traded down $0.35 during mid-day trading on Friday, reaching $149.56. 376,716 shares of the stock were exchanged, compared to its average volume of 239,889. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $8.83 billion, a P/E ratio of 49.36, a P/E/G ratio of 4.23 and a beta of 0.29. Bright Horizons Family Solutions has a one year low of $105.15 and a one year high of $157.31. The business’s 50 day moving average price is $150.90.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.92 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.92. The business had revenue of $528.06 million during the quarter, compared to the consensus estimate of $531.13 million. Bright Horizons Family Solutions had a return on equity of 23.38% and a net margin of 8.38%. Bright Horizons Family Solutions’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the company earned $0.87 earnings per share. As a group, research analysts forecast that Bright Horizons Family Solutions will post 3.39 EPS for the current fiscal year.

A number of research analysts recently issued reports on BFAM shares. BMO Capital Markets increased their price objective on Bright Horizons Family Solutions to $152.00 and gave the stock a market perform rating in a report on Wednesday, July 10th. Zacks Investment Research downgraded Bright Horizons Family Solutions from a buy rating to a hold rating in a report on Tuesday, July 2nd. ValuEngine downgraded Bright Horizons Family Solutions from a strong-buy rating to a buy rating in a report on Thursday. Finally, Goldman Sachs Group upgraded Bright Horizons Family Solutions from a neutral rating to a buy rating in a report on Thursday, June 20th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $131.29.

In other Bright Horizons Family Solutions news, EVP Stephen I. Dreier sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $133.75, for a total value of $535,000.00. Following the completion of the transaction, the executive vice president now directly owns 41,023 shares in the company, valued at $5,486,826.25. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Linda A. Mason sold 3,700 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $155.00, for a total value of $573,500.00. Following the completion of the transaction, the director now owns 13,227 shares of the company’s stock, valued at $2,050,185. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,756 shares of company stock valued at $5,458,127. Corporate insiders own 1.90% of the company’s stock.

About Bright Horizons Family Solutions

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

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