Zacks: Analysts Anticipate Bright Horizons Family Solutions Inc (BFAM) Will Post Earnings of $0.85 Per Share

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Wall Street brokerages expect Bright Horizons Family Solutions Inc (NYSE:BFAM) to report $0.85 earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have issued estimates for Bright Horizons Family Solutions’ earnings. Bright Horizons Family Solutions reported earnings of $0.74 per share during the same quarter last year, which indicates a positive year over year growth rate of 14.9%. The firm is expected to report its next earnings results on Wednesday, November 7th.

On average, analysts expect that Bright Horizons Family Solutions will report full year earnings of $3.16 per share for the current fiscal year, with EPS estimates ranging from $3.15 to $3.16. For the next year, analysts expect that the firm will post earnings of $3.60 per share, with EPS estimates ranging from $3.53 to $3.66. Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for Bright Horizons Family Solutions.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results on Thursday, August 2nd. The company reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.02. The company had revenue of $490.00 million for the quarter, compared to analysts’ expectations of $486.63 million. Bright Horizons Family Solutions had a net margin of 8.77% and a return on equity of 20.90%. Bright Horizons Family Solutions’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.74 EPS.

A number of equities analysts recently issued reports on BFAM shares. Citigroup cut shares of Bright Horizons Family Solutions from a “buy” rating to a “neutral” rating in a research note on Friday, August 3rd. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Monday, September 3rd. Finally, BMO Capital Markets upped their price target on shares of Bright Horizons Family Solutions from $114.00 to $118.00 and gave the stock a “market perform” rating in a research note on Monday, August 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $104.91.

In other Bright Horizons Family Solutions news, CAO Mandy Berman sold 500 shares of the company’s stock in a transaction dated Monday, July 2nd. The shares were sold at an average price of $101.68, for a total transaction of $50,840.00. Following the transaction, the chief accounting officer now owns 20,880 shares in the company, valued at approximately $2,123,078.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Mary Lou Burke sold 1,100 shares of the company’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $118.87, for a total transaction of $130,757.00. Following the transaction, the chief operating officer now owns 30,946 shares in the company, valued at approximately $3,678,551.02. The disclosure for this sale can be found here. Insiders have sold a total of 51,430 shares of company stock worth $5,847,074 in the last 90 days. Company insiders own 2.20% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of BFAM. SG Americas Securities LLC purchased a new stake in shares of Bright Horizons Family Solutions during the 1st quarter valued at about $102,000. Quantbot Technologies LP increased its position in shares of Bright Horizons Family Solutions by 243.6% during the 1st quarter. Quantbot Technologies LP now owns 1,412 shares of the company’s stock valued at $140,000 after purchasing an additional 1,001 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Bright Horizons Family Solutions by 1,829.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 9,414 shares of the company’s stock valued at $171,000 after purchasing an additional 8,926 shares during the last quarter. Moneta Group Investment Advisors LLC increased its position in shares of Bright Horizons Family Solutions by 104.4% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 1,860 shares of the company’s stock valued at $191,000 after purchasing an additional 950 shares during the last quarter. Finally, CIBC Asset Management Inc purchased a new stake in shares of Bright Horizons Family Solutions during the 1st quarter valued at about $201,000. Institutional investors and hedge funds own 98.97% of the company’s stock.

Bright Horizons Family Solutions stock traded down $1.33 during mid-day trading on Wednesday, reaching $114.54. The stock had a trading volume of 143,200 shares, compared to its average volume of 246,614. The stock has a market cap of $6.74 billion, a price-to-earnings ratio of 45.51, a PEG ratio of 2.65 and a beta of 0.12. Bright Horizons Family Solutions has a one year low of $81.24 and a one year high of $120.07. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.34 and a quick ratio of 0.34.

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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