-$0.64 Earnings Per Share Expected for Bright Horizons Family Solutions Inc (NYSE:BFAM) This Quarter

Analysts expect Bright Horizons Family Solutions Inc (NYSE:BFAM) to announce earnings per share (EPS) of ($0.64) for the current quarter, Zacks reports. Two analysts have issued estimates for Bright Horizons Family Solutions’ earnings. Bright Horizons Family Solutions reported earnings of $0.86 per share during the same quarter last year, which suggests a negative year over year growth rate of 174.4%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, November 4th.

On average, analysts expect that Bright Horizons Family Solutions will report full-year earnings of $0.90 per share for the current financial year, with EPS estimates ranging from $0.68 to $1.01. For the next fiscal year, analysts anticipate that the business will post earnings of $3.21 per share, with EPS estimates ranging from $2.46 to $3.78. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Bright Horizons Family Solutions.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.69) by $1.13. The business had revenue of $293.77 million during the quarter, compared to the consensus estimate of $206.16 million. Bright Horizons Family Solutions had a return on equity of 16.55% and a net margin of 6.56%.

Several equities research analysts recently commented on BFAM shares. Zacks Investment Research raised Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, August 11th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Bright Horizons Family Solutions in a report on Tuesday, August 11th. ValuEngine raised Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a report on Thursday, July 2nd. Morgan Stanley upped their price target on Bright Horizons Family Solutions from $107.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, August 6th. Finally, BMO Capital Markets lifted their price objective on shares of Bright Horizons Family Solutions from $125.00 to $127.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $123.43.

NYSE:BFAM traded up $2.89 during midday trading on Friday, hitting $154.93. 17,812 shares of the stock were exchanged, compared to its average volume of 598,214. Bright Horizons Family Solutions has a one year low of $64.23 and a one year high of $176.98. The company has a market capitalization of $9.18 billion, a price-to-earnings ratio of 75.32, a P/E/G ratio of 39.77 and a beta of 0.87. The business has a 50-day moving average price of $135.43 and a two-hundred day moving average price of $117.45. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.86.

In other news, Director Mary Ann Tocio sold 3,500 shares of the business’s stock in a transaction on Monday, July 20th. The shares were sold at an average price of $115.56, for a total transaction of $404,460.00. Following the transaction, the director now directly owns 76,259 shares in the company, valued at approximately $8,812,490.04. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Stephen Howard Kramer sold 7,009 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $121.78, for a total transaction of $853,556.02. Over the last quarter, insiders have sold 24,519 shares of company stock worth $3,030,523. Corporate insiders own 1.60% of the company’s stock.

A number of large investors have recently modified their holdings of BFAM. Toronto Dominion Bank grew its stake in Bright Horizons Family Solutions by 113.0% during the first quarter. Toronto Dominion Bank now owns 245 shares of the company’s stock worth $25,000 after buying an additional 130 shares during the last quarter. Private Capital Group LLC raised its position in shares of Bright Horizons Family Solutions by 508.8% in the 2nd quarter. Private Capital Group LLC now owns 487 shares of the company’s stock valued at $57,000 after buying an additional 407 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Bright Horizons Family Solutions in the 2nd quarter valued at approximately $75,000. Canada Pension Plan Investment Board raised its position in shares of Bright Horizons Family Solutions by 60.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 706 shares of the company’s stock valued at $72,000 after buying an additional 266 shares in the last quarter. Finally, Smithfield Trust Co. raised its position in shares of Bright Horizons Family Solutions by 17.9% in the 2nd quarter. Smithfield Trust Co. now owns 993 shares of the company’s stock valued at $116,000 after buying an additional 151 shares in the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Bright Horizons Family Solutions Company Profile

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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