Brookdale Senior Living, Inc. (NYSE:BKD) Expected to Post Earnings of -$0.27 Per Share

Equities analysts forecast that Brookdale Senior Living, Inc. (NYSE:BKD) will post earnings of ($0.27) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Brookdale Senior Living’s earnings, with estimates ranging from ($0.30) to ($0.25). Brookdale Senior Living posted earnings of ($0.26) per share in the same quarter last year, which indicates a negative year over year growth rate of 3.8%. The business is expected to report its next earnings report on Monday, August 5th.

According to Zacks, analysts expect that Brookdale Senior Living will report full year earnings of ($1.05) per share for the current financial year, with EPS estimates ranging from ($1.12) to ($1.00). For the next year, analysts expect that the business will post earnings of ($0.95) per share, with EPS estimates ranging from ($1.22) to ($0.80). Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Brookdale Senior Living.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Monday, May 6th. The company reported ($0.23) EPS for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.10. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.04 billion. Brookdale Senior Living had a negative net margin of 2.59% and a negative return on equity of 18.06%. Brookdale Senior Living’s revenue was down 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($2.45) earnings per share.

A number of equities analysts have recently commented on BKD shares. Zacks Investment Research upgraded shares of DLH from a “sell” rating to a “hold” rating in a report on Tuesday. Stifel Nicolaus set a $80.00 price target on shares of CSX and gave the stock a “hold” rating in a report on Wednesday, April 17th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $9.00.

Shares of NYSE:BKD traded up $0.14 during mid-day trading on Friday, reaching $8.17. 1,119,500 shares of the company’s stock were exchanged, compared to its average volume of 2,134,022. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of -4.11 and a beta of 1.56. The firm’s fifty day simple moving average is $6.86. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 5.92. Brookdale Senior Living has a twelve month low of $5.97 and a twelve month high of $10.05.

In other news, Director Frank M. Bumstead bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were acquired at an average price of $6.12 per share, for a total transaction of $61,200.00. Following the completion of the acquisition, the director now directly owns 201,019 shares in the company, valued at $1,230,236.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in BKD. Norges Bank acquired a new position in Brookdale Senior Living in the fourth quarter valued at $19,763,000. Macquarie Group Ltd. lifted its holdings in Brookdale Senior Living by 20.1% in 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. BlackRock Inc. lifted its holdings in Brookdale Senior Living by 8.1% in 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. D. E. Shaw & Co. Inc. lifted its holdings in Brookdale Senior Living by 75.7% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,960,089 shares of the company’s stock valued at $13,133,000 after buying an additional 844,756 shares during the period. Finally, American Century Companies Inc. acquired a new position in Brookdale Senior Living in the fourth quarter valued at $3,758,000. Institutional investors and hedge funds own 92.33% of the company’s stock.

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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