Wall Street analysts expect Brookdale Senior Living, Inc. (NYSE:BKD) to post $1.01 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Brookdale Senior Living’s earnings, with the highest sales estimate coming in at $1.02 billion and the lowest estimate coming in at $1.00 billion. Brookdale Senior Living posted sales of $1.16 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 12.9%. The company is scheduled to report its next earnings report on Monday, August 5th.
On average, analysts expect that Brookdale Senior Living will report full year sales of $4.05 billion for the current year, with estimates ranging from $4.01 billion to $4.10 billion. For the next year, analysts forecast that the firm will post sales of $4.00 billion, with estimates ranging from $3.97 billion to $4.04 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Brookdale Senior Living.
Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings data on Monday, May 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.10. Brookdale Senior Living had a negative net margin of 2.59% and a negative return on equity of 18.06%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the company earned ($2.45) earnings per share. The company’s revenue for the quarter was down 12.2% compared to the same quarter last year.
In other news, Director Frank M. Bumstead acquired 10,000 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were purchased at an average price of $6.12 per share, for a total transaction of $61,200.00. Following the completion of the transaction, the director now owns 201,019 shares of the company’s stock, valued at $1,230,236.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.20% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its position in shares of Brookdale Senior Living by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 15,745,300 shares of the company’s stock valued at $105,494,000 after buying an additional 109,234 shares during the period. BlackRock Inc. increased its position in shares of Brookdale Senior Living by 8.1% during the fourth quarter. BlackRock Inc. now owns 15,135,913 shares of the company’s stock valued at $101,410,000 after buying an additional 1,131,261 shares during the period. Macquarie Group Ltd. increased its position in shares of Brookdale Senior Living by 20.1% during the fourth quarter. Macquarie Group Ltd. now owns 8,878,228 shares of the company’s stock valued at $59,484,000 after buying an additional 1,488,103 shares during the period. Edmond DE Rothschild Holding S.A. increased its position in shares of Brookdale Senior Living by 2.4% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 3,975,100 shares of the company’s stock valued at $26,156,000 after buying an additional 95,000 shares during the period. Finally, Norges Bank purchased a new position in shares of Brookdale Senior Living during the fourth quarter valued at about $19,763,000. Hedge funds and other institutional investors own 92.33% of the company’s stock.
BKD stock opened at $6.66 on Friday. Brookdale Senior Living has a 12-month low of $5.97 and a 12-month high of $10.10. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of -3.35 and a beta of 1.48. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.68 and a current ratio of 0.68.
About Brookdale Senior Living
Brookdale Senior Living Inc owns and operates senior living communities in the United States. It operates through five segments: Independent Living, Assisted Living and Memory Care, CCRCs, Health Care Services, and Management Services. The Independent Living segment owns or leases communities comprising independent and assisted living units in a single community that are primarily designed for middle to upper income senior citizens.
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