Bright Horizons Family Solutions (NYSE:BFAM) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.59-3.64 for the period, compared to the Thomson Reuters consensus 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.
Bright Horizons Family Solutions stock traded down $0.35 during mid-day trading on Friday, reaching $149.56. 376,716 shares of the company’s stock were exchanged, compared to its average volume of 239,889. The business has a fifty day simple moving average of $150.90. The company has a market capitalization of $8.83 billion, a price-to-earnings ratio of 49.36, a PEG ratio of 4.23 and a beta of 0.29. Bright Horizons Family Solutions has a one year low of $105.15 and a one year high of $157.31. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.36 and a quick ratio of 0.36.
Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.92 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.92. Bright Horizons Family Solutions had a return on equity of 23.38% and a net margin of 8.38%. The business had revenue of $528.06 million for the quarter, compared to analyst estimates of $531.13 million. During the same period last year, the company posted $0.87 earnings per share. Bright Horizons Family Solutions’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Bright Horizons Family Solutions will post 3.39 earnings per share for the current year.
In other news, Director Roger H. Brown sold 2,000 shares of Bright Horizons Family Solutions stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $146.84, for a total value of $293,680.00. Following the completion of the transaction, the director now directly owns 6,192 shares in the company, valued at $909,233.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mary Ann Tocio sold 1,200 shares of Bright Horizons Family Solutions stock in a transaction on Tuesday, May 7th. The shares were 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 of the company’s stock, valued at $8,156,590. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,756 shares of company stock valued at $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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