$497.41 Million in Sales Expected for Bright Horizons Family Solutions Inc (BFAM) This Quarter

Analysts expect Bright Horizons Family Solutions Inc (NYSE:BFAM) to post sales of $497.41 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Bright Horizons Family Solutions’ earnings, with estimates ranging from $496.45 million to $498.37 million. Bright Horizons Family Solutions posted sales of $463.66 million in the same quarter last year, which suggests a positive year-over-year growth rate of 7.3%. The firm is expected to announce its next quarterly earnings report on Monday, April 29th.

On average, analysts expect that Bright Horizons Family Solutions will report full year sales of $2.06 billion for the current financial year. For the next year, analysts anticipate that the company will post sales of $2.22 billion, with estimates ranging from $2.22 billion to $2.23 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Bright Horizons Family Solutions.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Tuesday, February 12th. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.79 by $0.11. Bright Horizons Family Solutions had a net margin of 8.30% and a return on equity of 23.49%. The firm had revenue of $478.00 million during the quarter, compared to analysts’ expectations of $481.48 million. During the same quarter in the prior year, the firm earned $0.73 EPS. Bright Horizons Family Solutions’s quarterly revenue was up 8.6% on a year-over-year basis.

A number of brokerages have recently weighed in on BFAM. Citigroup upped their price target on shares of Bright Horizons Family Solutions from $117.00 to $126.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. ValuEngine raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. Zacks Investment Research lowered shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, January 1st. BMO Capital Markets upped their price target on shares of Bright Horizons Family Solutions from $120.00 to $122.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 13th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $123.00 price target (up from $115.00) on shares of Bright Horizons Family Solutions in a research note on Wednesday, February 13th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Bright Horizons Family Solutions currently has an average rating of “Hold” and an average target price of $121.38.

In related news, Director Mary Ann Tocio sold 10,906 shares of the stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $122.36, for a total transaction of $1,334,458.16. Following the completion of the sale, the director now directly owns 70,201 shares of the company’s stock, valued at $8,589,794.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman David H. Lissy sold 37,673 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $124.68, for a total transaction of $4,697,069.64. Following the sale, the chairman now directly owns 325,995 shares of the company’s stock, valued at $40,645,056.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,225 shares of company stock valued at $8,621,854. Company insiders own 2.20% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in BFAM. Norges Bank acquired a new stake in Bright Horizons Family Solutions during the fourth quarter valued at approximately $40,423,000. Lord Abbett & CO. LLC lifted its stake in Bright Horizons Family Solutions by 226.9% during the fourth quarter. Lord Abbett & CO. LLC now owns 503,466 shares of the company’s stock valued at $56,111,000 after purchasing an additional 349,470 shares during the last quarter. Capital World Investors lifted its stake in Bright Horizons Family Solutions by 23.0% during the third quarter. Capital World Investors now owns 1,697,500 shares of the company’s stock valued at $200,033,000 after purchasing an additional 316,987 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Bright Horizons Family Solutions by 10.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,888,688 shares of the company’s stock valued at $210,494,000 after purchasing an additional 186,139 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in Bright Horizons Family Solutions by 6.2% during the fourth quarter. BlackRock Inc. now owns 2,938,167 shares of the company’s stock valued at $327,460,000 after purchasing an additional 170,349 shares during the last quarter. 97.50% of the stock is owned by institutional investors and hedge funds.

NYSE BFAM opened at $127.11 on Friday. The stock has a market capitalization of $7.32 billion, a price-to-earnings ratio of 41.95, a PEG ratio of 3.51 and a beta of 0.34. Bright Horizons Family Solutions has a 52 week low of $91.29 and a 52 week high of $127.32. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.33.

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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