$0.84 EPS Expected for Bright Horizons Family Solutions Inc (BFAM) This Quarter

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Equities analysts expect that Bright Horizons Family Solutions Inc (NYSE:BFAM) will announce $0.84 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Bright Horizons Family Solutions’ earnings. The highest EPS estimate is $0.85 and the lowest is $0.83. Bright Horizons Family Solutions posted earnings per share of $0.73 in the same quarter last year, which would indicate a positive year-over-year growth rate of 15.1%. The company is expected to announce its next quarterly earnings results on Thursday, February 14th.

According to Zacks, analysts expect that Bright Horizons Family Solutions will report full year earnings of $3.15 per share for the current financial year, with EPS estimates ranging from $3.14 to $3.16. For the next fiscal year, analysts forecast that the firm will report earnings of $3.55 per share, with EPS estimates ranging from $3.48 to $3.61. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that cover Bright Horizons Family Solutions.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Thursday, November 1st. The company reported $0.73 earnings per share for the quarter, meeting the consensus estimate of $0.73. The firm had revenue of $472.00 million for the quarter, compared to analysts’ expectations of $471.85 million. Bright Horizons Family Solutions had a return on equity of 22.55% and a net margin of 8.73%. The company’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.62 EPS.

Several equities analysts have recently weighed in on the company. Zacks Investment Research raised Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Monday, September 3rd. Robert W. Baird raised their target price on Bright Horizons Family Solutions from $115.00 to $122.00 and gave the stock a “neutral” rating in a report on Friday, November 2nd. JPMorgan Chase & Co. raised their target price on Bright Horizons Family Solutions from $121.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, November 2nd. BMO Capital Markets decreased their target price on Bright Horizons Family Solutions from $123.00 to $120.00 and set a “market perform” rating on the stock in a report on Tuesday, November 6th. Finally, Barclays raised their target price on Bright Horizons Family Solutions from $105.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, November 2nd. Eight investment 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 a consensus target price of $113.36.

Shares of NYSE BFAM traded down $3.00 during midday trading on Monday, hitting $116.26. 207,128 shares of the stock traded hands, compared to its average volume of 242,899. The stock has a market capitalization of $6.93 billion, a price-to-earnings ratio of 45.59, a PEG ratio of 3.35 and a beta of 0.23. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.39 and a quick ratio of 0.39. Bright Horizons Family Solutions has a one year low of $90.74 and a one year high of $123.93.

In other Bright Horizons Family Solutions news, Director Linda A. Mason sold 22,045 shares of the stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $123.80, for a total value of $2,729,171.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Mary Lou Burke sold 1,100 shares of the stock in a transaction on Friday, October 5th. The stock was sold at an average price of $113.34, for a total value of $124,674.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,845 shares of company stock worth $6,435,098. 2.20% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of the business. Marshall Wace North America L.P. purchased a new stake in Bright Horizons Family Solutions in the 3rd quarter worth $325,000. Marshall Wace LLP purchased a new stake in Bright Horizons Family Solutions in the 3rd quarter worth $3,306,000. Vanguard Group Inc. grew its position in shares of Bright Horizons Family Solutions by 2.6% during the third quarter. Vanguard Group Inc. now owns 5,004,064 shares of the company’s stock valued at $589,678,000 after purchasing an additional 126,335 shares in the last quarter. Morgan Stanley grew its position in shares of Bright Horizons Family Solutions by 30.5% during the third quarter. Morgan Stanley now owns 91,944 shares of the company’s stock valued at $10,835,000 after purchasing an additional 21,512 shares in the last quarter. Finally, Nordea Investment Management AB grew its position in shares of Bright Horizons Family Solutions by 27.6% during the third quarter. Nordea Investment Management AB now owns 41,560 shares of the company’s stock valued at $4,897,000 after purchasing an additional 9,000 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides child care and early education, back-up dependent care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Dependent Care, and Other Educational Advisory Services.

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