Zacks: Brokerages Expect Bright Horizons Family Solutions (BFAM) Will Post Quarterly Sales of $457.71 Million

Equities analysts forecast that Bright Horizons Family Solutions (NYSE:BFAM) will post $457.71 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Bright Horizons Family Solutions’ earnings, with estimates ranging from $457.44 million to $457.98 million. Bright Horizons Family Solutions reported sales of $422.16 million in the same quarter last year, which indicates a positive year-over-year growth rate of 8.4%. The firm is expected to issue its next quarterly earnings report after the market closes on Monday, April 30th.

According to Zacks, analysts expect that Bright Horizons Family Solutions will report full year sales of $1.89 billion for the current year, with estimates ranging from $1.89 billion to $1.90 billion. For the next fiscal year, analysts expect that the company will post sales of $2.05 billion per share, with estimates ranging from $2.03 billion to $2.06 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Bright Horizons Family Solutions.

How to Become a New Pot Stock Millionaire

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Thursday, February 8th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.04. Bright Horizons Family Solutions had a net margin of 9.02% and a return on equity of 20.69%. The firm had revenue of $440.00 million for the quarter, compared to analyst estimates of $438.99 million. During the same quarter last year, the business posted $0.56 earnings per share. The company’s quarterly revenue was up 10.4% on a year-over-year basis.

A number of equities analysts have recently commented on BFAM shares. Royal Bank of Canada reiterated a “buy” rating and set a $89.00 price target on shares of Bright Horizons Family Solutions in a report on Wednesday, December 20th. Zacks Investment Research upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a report on Monday, March 26th. Citigroup lifted their price target on shares of Bright Horizons Family Solutions to $107.00 and gave the stock a “buy” rating in a report on Monday, February 12th. Barclays reiterated a “buy” rating and set a $105.00 price target on shares of Bright Horizons Family Solutions in a report on Wednesday, December 27th. Finally, ValuEngine upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $101.67.

Shares of NYSE:BFAM traded up $0.10 during mid-day trading on Thursday, reaching $98.80. 231,698 shares of the company’s stock were exchanged, compared to its average volume of 447,144. The firm has a market cap of $5,780.47, a PE ratio of 38.75, a price-to-earnings-growth ratio of 2.25 and a beta of 0.07. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.42 and a current ratio of 0.42. Bright Horizons Family Solutions has a twelve month low of $71.08 and a twelve month high of $105.04.

In related news, EVP Stephen I. Dreier sold 2,798 shares of Bright Horizons Family Solutions stock in a transaction on Friday, January 19th. The shares were sold at an average price of $97.00, for a total transaction of $271,406.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mary Ann Tocio sold 3,600 shares of Bright Horizons Family Solutions stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $93.16, for a total transaction of $335,376.00. Following the transaction, the director now directly owns 64,218 shares of the company’s stock, valued at approximately $5,982,548.88. The disclosure for this sale can be found here. Insiders have sold 171,281 shares of company stock valued at $17,283,291 in the last three months. 2.90% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in BFAM. American International Group Inc. bought a new stake in Bright Horizons Family Solutions in the fourth quarter valued at $120,000. We Are One Seven LLC acquired a new position in shares of Bright Horizons Family Solutions during the fourth quarter valued at about $167,000. Zions Bancorporation acquired a new position in shares of Bright Horizons Family Solutions during the third quarter valued at about $170,000. Eagle Boston Investment Management Inc. acquired a new position in shares of Bright Horizons Family Solutions during the fourth quarter valued at about $205,000. Finally, Private Advisor Group LLC acquired a new position in shares of Bright Horizons Family Solutions during the third quarter valued at about $237,000. 99.03% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “Zacks: Brokerages Expect Bright Horizons Family Solutions (BFAM) Will Post Quarterly Sales of $457.71 Million” was originally reported by The Lincolnian Online and is the property of of The Lincolnian Online. If you are accessing this news story on another website, it was illegally copied and republished in violation of US & international copyright & trademark law. The legal version of this news story can be read at https://www.thelincolnianonline.com/2018/04/15/zacks-brokerages-expect-bright-horizons-family-solutions-bfam-will-post-quarterly-sales-of-457-71-million.html.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

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.

Leave a Reply