Bright Horizons Family Solutions Inc (NYSE:BFAM) Director Roger H. Brown sold 5,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $160.00, for a total value of $800,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
NYSE BFAM opened at $165.06 on Thursday. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.41 and a quick ratio of 0.41. The stock has a market capitalization of $9.35 billion, a PE ratio of 54.48, a PEG ratio of 4.67 and a beta of 0.29. Bright Horizons Family Solutions Inc has a 1 year low of $105.15 and a 1 year high of $164.02. The business’s 50-day moving average is $154.47 and its 200 day moving average is $136.18.
Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Thursday, August 1st. The company reported $0.92 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.92. Bright Horizons Family Solutions had a return on equity of 23.29% and a net margin of 8.67%. The company had revenue of $528.06 million for the quarter, compared to analysts’ expectations of $531.13 million. During the same period last year, the firm earned $0.87 earnings per share. Bright Horizons Family Solutions’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, equities research analysts anticipate that Bright Horizons Family Solutions Inc will post 3.4 earnings per share for the current year.
BFAM has been the topic of several recent analyst reports. 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 note on Wednesday, July 10th. Goldman Sachs Group raised Bright Horizons Family Solutions from a “neutral” rating to a “buy” rating in a research note on Thursday, June 20th. Zacks Investment Research raised Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $169.00 target price on the stock in a research note on Wednesday, August 7th. Finally, ValuEngine cut Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $134.57.
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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