$0.98 Earnings Per Share Expected for Bright Horizons Family Solutions Inc (BFAM) This Quarter

Equities analysts predict that Bright Horizons Family Solutions Inc (NYSE:BFAM) will post earnings per share of $0.98 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Bright Horizons Family Solutions’ earnings. Bright Horizons Family Solutions reported earnings per share of $0.87 in the same quarter last year, which indicates a positive year-over-year growth rate of 12.6%. The firm is scheduled to issue its next quarterly earnings results 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 financial year, with EPS estimates ranging from $3.61 to $3.62. For the next fiscal year, analysts forecast that the business will post earnings of $4.10 per share, with EPS estimates ranging from $4.06 to $4.17. Zacks’ EPS calculations are a mean average based on a survey of sell-side 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.02. The business had revenue of $501.76 million during the quarter, compared to analysts’ expectations of $497.24 million. Bright Horizons Family Solutions had a return on equity of 23.89% and a net margin of 8.38%. The company’s revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.72 EPS.

BFAM has been the subject of a number of research analyst reports. ValuEngine upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Bank of America restated a “neutral” rating and set a $123.00 target price (up from $115.00) on shares of Bright Horizons Family Solutions in a report on Wednesday, February 13th. BMO Capital Markets raised their target price on Bright Horizons Family Solutions from $120.00 to $122.00 and gave the company a “market perform” rating in a report on Wednesday, February 13th. Citigroup raised their target price on Bright Horizons Family Solutions from $117.00 to $126.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Finally, Zacks Investment Research upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $146.00 target price for the company in a report on Monday, May 6th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $127.00.

In other news, Director Mary Ann Tocio sold 1,200 shares of Bright Horizons Family Solutions stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $130.00, for a total value of $156,000.00. Following the completion of the transaction, the director now owns 62,743 shares in the company, valued at approximately $8,156,590. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Mary Lou Burke sold 852 shares of Bright Horizons Family Solutions stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $119.70, for a total value of $101,984.40. Following the completion of the transaction, the chief operating officer now owns 26,612 shares of the company’s stock, valued at approximately $3,185,456.40. The disclosure for this sale can be found here. Insiders have sold a total of 76,216 shares of company stock valued at $9,469,461 over the last 90 days. 1.90% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank purchased a new position in Bright Horizons Family Solutions in the fourth quarter valued at about $40,423,000. Lord Abbett & CO. LLC boosted its position in Bright Horizons Family Solutions by 226.9% in the fourth quarter. Lord Abbett & CO. LLC now owns 503,466 shares of the company’s stock valued at $56,111,000 after buying an additional 349,470 shares in the last quarter. AJO LP boosted its position in Bright Horizons Family Solutions by 148.8% in the first quarter. AJO LP now owns 312,367 shares of the company’s stock valued at $39,705,000 after buying an additional 186,817 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Bright Horizons Family Solutions by 10.9% in 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 buying an additional 186,139 shares in the last quarter. Finally, BlackRock Inc. boosted its position in Bright Horizons Family Solutions by 6.2% in the fourth quarter. BlackRock Inc. now owns 2,938,167 shares of the company’s stock valued at $327,460,000 after buying an additional 170,349 shares in the last quarter. Institutional investors and hedge funds own 97.87% of the company’s stock.

Shares of NYSE BFAM traded down $3.95 during mid-day trading on Monday, reaching $128.32. 1,512 shares of the company’s stock were exchanged, compared to its average volume of 180,646. The stock has a market cap of $7.68 billion, a PE ratio of 42.44, a P/E/G ratio of 3.65 and a beta of 0.33. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.33. Bright Horizons Family Solutions has a 52-week low of $97.64 and a 52-week high of $132.79.

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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