Analysts forecast that Brookdale Senior Living, Inc. (NYSE:BKD) will announce $1.09 billion in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Brookdale Senior Living’s earnings, with the lowest sales estimate coming in at $1.08 billion and the highest estimate coming in at $1.11 billion. Brookdale Senior Living reported sales of $1.18 billion during the same quarter last year, which indicates a negative year over year growth rate of 7.6%. The firm is expected to report its next earnings results on Monday, November 5th.
On average, analysts expect that Brookdale Senior Living will report full-year sales of $4.48 billion for the current financial year, with estimates ranging from $4.47 billion to $4.50 billion. For the next financial year, analysts forecast that the business will report sales of $4.25 billion per share, with estimates ranging from $4.24 billion to $4.25 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Brookdale Senior Living.
Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings results on Monday, August 6th. The company reported ($0.88) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.66). Brookdale Senior Living had a negative return on equity of 13.56% and a negative net margin of 21.80%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the company posted ($0.25) EPS. The company’s quarterly revenue was down 2.7% compared to the same quarter last year.
BKD has been the subject of several recent research reports. ValuEngine upgraded Brookdale Senior Living from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 28th. Zacks Investment Research cut Brookdale Senior Living from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. Finally, Stifel Nicolaus cut their price objective on Brookdale Senior Living from $9.00 to $8.00 and set a “hold” rating on the stock in a research report on Tuesday, August 7th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $8.92.
In other Brookdale Senior Living news, Director Marcus E. Bromley acquired 6,400 shares of the business’s stock in a transaction on Tuesday, August 14th. The shares were acquired at an average price of $7.85 per share, with a total value of $50,240.00. Following the completion of the transaction, the director now owns 54,619 shares in the company, valued at $428,759.15. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.20% of the stock is currently owned by insiders.
A number of hedge funds have recently bought and sold shares of BKD. SG Americas Securities LLC purchased a new position in Brookdale Senior Living in the first quarter worth $527,000. Swiss National Bank lifted its position in shares of Brookdale Senior Living by 3.3% during the 1st quarter. Swiss National Bank now owns 324,239 shares of the company’s stock valued at $2,176,000 after buying an additional 10,300 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Brookdale Senior Living by 13.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,300,649 shares of the company’s stock valued at $8,728,000 after buying an additional 155,632 shares during the last quarter. Engineers Gate Manager LP lifted its position in shares of Brookdale Senior Living by 180.1% during the 1st quarter. Engineers Gate Manager LP now owns 398,084 shares of the company’s stock valued at $2,671,000 after buying an additional 255,962 shares during the last quarter. Finally, Prescott Group Capital Management L.L.C. purchased a new position in shares of Brookdale Senior Living during the 1st quarter valued at $886,000.
Shares of Brookdale Senior Living stock opened at $9.70 on Friday. Brookdale Senior Living has a 12-month low of $6.28 and a 12-month high of $11.85. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.93.
About Brookdale Senior Living
Brookdale Senior Living Inc owns and operates senior living communities in the United States. It operates through five segments: Retirement Centers, Assisted Living, CCRCs ? Rental, Brookdale Ancillary Services, and Management Services. The Retirement Centers segment owns or leases communities comprising independent living and assisted living units in a single community that are primarily designed for middle to upper income senior citizens.
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