Bright Horizons Family Solutions (NYSE:BFAM) Releases 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 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.

A number of analysts have issued reports on the company. Goldman Sachs Group raised Bright Horizons Family Solutions from a neutral rating to a buy rating in a research report on Thursday, June 20th. Zacks Investment Research downgraded Bright Horizons Family Solutions from a buy rating to a hold rating in a research report on Tuesday, July 2nd. ValuEngine downgraded Bright Horizons Family Solutions from a strong-buy rating to a buy rating in a research report on Thursday. Finally, BMO Capital Markets raised their target price on Bright Horizons Family Solutions to $152.00 and gave the stock a market perform rating in a research report on Wednesday, July 10th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $131.29.

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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