$531.35 Million in Sales Expected for Bright Horizons Family Solutions Inc (NYSE:BFAM) This Quarter

Share on StockTwits

Equities analysts forecast that Bright Horizons Family Solutions Inc (NYSE:BFAM) will post $531.35 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Bright Horizons Family Solutions’ earnings, with the highest sales estimate coming in at $532.60 million and the lowest estimate coming in at $530.10 million. Bright Horizons Family Solutions reported sales of $489.70 million during the same quarter last year, which would suggest a positive year over year growth rate of 8.5%. The business is expected to issue its next quarterly earnings results on Thursday, August 1st.

On average, analysts expect that Bright Horizons Family Solutions will report full year sales of $2.07 billion for the current fiscal year, with estimates ranging from $2.06 billion to $2.07 billion. For the next year, analysts anticipate that the business will report sales of $2.24 billion, with estimates ranging from $2.23 billion to $2.24 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Bright Horizons Family Solutions.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Tuesday, April 30th. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.02. Bright Horizons Family Solutions had a return on equity of 23.38% and a net margin of 8.38%. The firm had revenue of $501.76 million during the quarter, compared to analysts’ expectations of $497.24 million. During the same period in the previous year, the firm earned $0.72 earnings per share. The company’s revenue was up 8.2% on a year-over-year basis.

A number of research analysts have issued reports on the company. Zacks Investment Research raised Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $146.00 target price for the company in a research note on Monday, May 6th. BMO Capital Markets boosted their target price on Bright Horizons Family Solutions from $120.00 to $122.00 and gave the company a “market perform” rating in a research note on Wednesday, February 13th. Bank of America reissued a “neutral” rating and issued a $123.00 target price (up from $115.00) on shares of Bright Horizons Family Solutions in a research note on Wednesday, February 13th. Finally, Citigroup boosted their target price on Bright Horizons Family Solutions from $117.00 to $126.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Bright Horizons Family Solutions has a consensus rating of “Buy” and a consensus price target of $127.00.

NYSE:BFAM traded up $1.06 on Friday, reaching $139.39. The company’s stock had a trading volume of 128,656 shares, compared to its average volume of 194,914. Bright Horizons Family Solutions has a 1-year low of $100.12 and a 1-year high of $141.15. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 1.24. The stock has a market cap of $8.12 billion, a price-to-earnings ratio of 46.00, a PEG ratio of 3.90 and a beta of 0.27.

In other news, Chairman David H. Lissy sold 37,673 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $124.68, for a total value of $4,697,069.64. Following the sale, the chairman now directly owns 325,995 shares in the company, valued at $40,645,056.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Mary Lou Burke sold 2,556 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $139.01, for a total value of $355,309.56. Following the completion of the sale, the chief operating officer now owns 29,169 shares in the company, valued at $4,054,782.69. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,720 shares of company stock worth $7,832,501. Corporate insiders own 1.90% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Teachers Advisors LLC boosted its stake in shares of Bright Horizons Family Solutions by 1.2% during the 3rd quarter. Teachers Advisors LLC now owns 237,714 shares of the company’s stock valued at $28,012,000 after buying an additional 2,741 shares during the last quarter. Morgan Stanley boosted its stake in shares of Bright Horizons Family Solutions by 30.5% during the 3rd quarter. Morgan Stanley now owns 91,944 shares of the company’s stock valued at $10,835,000 after buying an additional 21,512 shares during the last quarter. Vanguard Group Inc boosted its stake in shares of Bright Horizons Family Solutions by 2.6% during the 3rd quarter. Vanguard Group Inc now owns 5,004,064 shares of the company’s stock valued at $589,678,000 after buying an additional 126,335 shares during the last quarter. D.A. Davidson & CO. boosted its stake in shares of Bright Horizons Family Solutions by 6.2% during the 4th quarter. D.A. Davidson & CO. now owns 2,285 shares of the company’s stock valued at $255,000 after buying an additional 133 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of Bright Horizons Family Solutions by 6.0% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 5,167 shares of the company’s stock valued at $576,000 after buying an additional 293 shares during the last quarter. Institutional investors own 97.29% of the company’s stock.

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.

Featured Article: What factors cause inflation to rise?

Get a free copy of the Zacks research report on Bright Horizons Family Solutions (BFAM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Bright Horizons Family Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bright Horizons Family Solutions and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

$531.35 Million in Sales Expected for Bright Horizons Family Solutions Inc  This Quarter
$531.35 Million in Sales Expected for Bright Horizons Family Solutions Inc This Quarter
Request Network  Price Down 3% Over Last Week
Request Network Price Down 3% Over Last Week
CNH Industrial NV  Receives Average Recommendation of “Hold” from Brokerages
CNH Industrial NV Receives Average Recommendation of “Hold” from Brokerages
TomoChain  One Day Trading Volume Hits $1.31 Million
TomoChain One Day Trading Volume Hits $1.31 Million
Laredo Petroleum  Stock Price Down 6.7%
Laredo Petroleum Stock Price Down 6.7%
Analysts Anticipate DASAN Zhone Solutions Inc  Will Post Earnings of $0.07 Per Share
Analysts Anticipate DASAN Zhone Solutions Inc Will Post Earnings of $0.07 Per Share


© 2006-2019 Ticker Report