Bright Horizons Family Solutions (NYSE:BFAM) Issues FY 2019 Earnings Guidance

Bright Horizons Family Solutions (NYSE:BFAM) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided EPS guidance of $3.59-3.64 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.62. The company issued revenue guidance of $2.05543656-2.0935002 billion, compared to the consensus revenue estimate of $2.07 billion.Bright Horizons Family Solutions also updated its FY19 guidance to $3.59-3.64 EPS.

Shares of Bright Horizons Family Solutions stock traded down $0.35 during trading on Friday, reaching $149.56. The company had a trading volume of 376,716 shares, compared to its average volume of 239,889. The firm has a market capitalization of $8.83 billion, a P/E ratio of 49.36, a price-to-earnings-growth ratio of 4.23 and a beta of 0.29. The firm’s fifty day simple moving average is $150.90. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.36 and a current ratio of 0.36. Bright Horizons Family Solutions has a fifty-two week low of $105.15 and a fifty-two week high of $157.31.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.92 earnings per share for the quarter, hitting the consensus estimate of $0.92. The firm had revenue of $528.06 million for the quarter, compared to analyst estimates of $531.13 million. Bright Horizons Family Solutions had a net margin of 8.38% and a return on equity of 23.38%. Bright Horizons Family Solutions’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.87 earnings per share. On average, equities analysts forecast that Bright Horizons Family Solutions will post 3.39 EPS for the current fiscal year.

Several equities research analysts recently weighed in on the stock. Goldman Sachs Group upgraded shares of Bright Horizons Family Solutions from a neutral rating to a buy rating in a research note on Thursday, June 20th. BMO Capital Markets increased their price objective on shares of Bright Horizons Family Solutions to $152.00 and gave the stock a market perform rating in a research note on Wednesday, July 10th. ValuEngine lowered shares of Bright Horizons Family Solutions from a strong-buy rating to a buy rating in a research note on Thursday. Finally, Zacks Investment Research lowered shares of Bright Horizons Family Solutions from a buy rating to a hold rating in a research note on Tuesday, July 2nd. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Bright Horizons Family Solutions currently has an average rating of Hold and an average price target of $131.29.

In other Bright Horizons Family Solutions news, CEO Stephen Howard Kramer sold 4,500 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $139.96, for a total value of $629,820.00. Following the completion of the transaction, the chief executive officer now owns 90,425 shares in the company, valued at approximately $12,655,883. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Stephen I. Dreier sold 6,500 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $151.84, for a total transaction of $986,960.00. Following the completion of the transaction, the executive vice president now owns 41,023 shares of the company’s stock, valued at approximately $6,228,932.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,756 shares of company stock worth $5,458,127. 1.90% of the stock is owned by company insiders.

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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