Bright Horizons Family Solutions Inc (NYSE:BFAM) Expected to Announce Earnings of $0.98 Per Share

Wall Street brokerages expect that Bright Horizons Family Solutions Inc (NYSE:BFAM) will report earnings per share (EPS) of $0.98 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Bright Horizons Family Solutions’ earnings. Bright Horizons Family Solutions posted earnings per share of $0.87 during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.6%. The business is expected to announce its next earnings report on Thursday, August 1st.

According to Zacks, analysts expect that Bright Horizons Family Solutions will report full-year earnings of $3.62 per share for the current fiscal year, with EPS estimates ranging from $3.61 to $3.62. For the next year, analysts forecast that the firm will report earnings of $4.11 per share, with EPS estimates ranging from $4.07 to $4.17. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Bright Horizons Family Solutions.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.79 by $0.02. The business had revenue of $501.76 million for the quarter, compared to analyst estimates of $497.24 million. Bright Horizons Family Solutions had a net margin of 8.38% and a return on equity of 23.38%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.72 earnings per share.

Several equities analysts recently issued reports on BFAM shares. Citigroup upped their price objective on shares of Bright Horizons Family Solutions from $117.00 to $126.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Goldman Sachs Group raised shares of Bright Horizons Family Solutions from a “neutral” rating to a “buy” rating in a research note on Thursday, June 20th. Finally, Zacks Investment Research raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $146.00 price objective on the stock in a research note on Monday, May 6th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $127.00.

Shares of BFAM stock traded up $0.24 during trading hours on Friday, hitting $150.24. The company’s stock had a trading volume of 35,608 shares, compared to its average volume of 180,232. The stock has a fifty day moving average of $138.19. The firm has a market capitalization of $8.65 billion, a PE ratio of 49.58, a price-to-earnings-growth ratio of 4.15 and a beta of 0.27. Bright Horizons Family Solutions has a twelve month low of $100.12 and a twelve month high of $150.47. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 1.24.

In other Bright Horizons Family Solutions news, EVP Stephen I. Dreier sold 443 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $127.75, for a total transaction of $56,593.25. Following the transaction, the executive vice president now owns 69,784 shares of the company’s stock, valued at $8,914,906. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Elizabeth J. Boland sold 5,000 shares of the stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $149.47, for a total transaction of $747,350.00. Following the transaction, the chief financial officer now directly owns 125,117 shares in the company, valued at approximately $18,701,237.99. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,247 shares of company stock worth $5,133,523. 1.90% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new position in shares of Bright Horizons Family Solutions in the 4th quarter valued at $114,000. LPL Financial LLC grew its holdings in Bright Horizons Family Solutions by 16.9% during the 4th quarter. LPL Financial LLC now owns 18,610 shares of the company’s stock valued at $2,074,000 after purchasing an additional 2,690 shares in the last quarter. Bluestein R H & Co. acquired a new stake in Bright Horizons Family Solutions during the 1st quarter valued at $381,000. Great Point Wealth Advisors LLC acquired a new stake in Bright Horizons Family Solutions during the 4th quarter valued at $1,019,000. Finally, Stephens Inc. AR grew its holdings in Bright Horizons Family Solutions by 5.5% during the 4th quarter. Stephens Inc. AR now owns 5,028 shares of the company’s stock valued at $560,000 after purchasing an additional 260 shares in the last quarter. 97.29% of the stock is currently owned by institutional investors.

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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