Equities research analysts expect Brookdale Senior Living, Inc. (NYSE:BKD) to announce ($0.28) earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Brookdale Senior Living’s earnings. The highest EPS estimate is ($0.26) and the lowest is ($0.30). Brookdale Senior Living posted earnings of ($0.24) per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 16.7%. The company is expected to announce its next quarterly earnings results on Monday, November 5th.
According to Zacks, analysts expect that Brookdale Senior Living will report full year earnings of ($4.12) per share for the current fiscal year, with EPS estimates ranging from ($5.35) to ($3.06). For the next financial year, analysts expect that the company will post earnings of ($1.71) per share, with EPS estimates ranging from ($3.86) to ($0.84). Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Brookdale Senior Living.
Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Monday, August 6th. The company reported ($0.88) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.66). Brookdale Senior Living had a negative net margin of 21.80% and a negative return on equity of 13.56%. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the business earned ($0.25) EPS. The business’s quarterly revenue was down 2.7% on a year-over-year basis.
A number of brokerages have recently commented on BKD. Zacks Investment Research upgraded shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a report on Monday. Stifel Nicolaus cut their price target on shares of Brookdale Senior Living from $9.00 to $8.00 and set a “hold” rating on the stock in a report on Tuesday, August 7th. ValuEngine upgraded shares of Brookdale Senior Living from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 28th. Finally, JMP Securities lifted their price target on shares of Brookdale Senior Living from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, October 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $9.25.
Shares of Brookdale Senior Living stock opened at $9.22 on Tuesday. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of -11.82 and a beta of 1.67. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.93. Brookdale Senior Living has a fifty-two week low of $6.28 and a fifty-two week high of $11.09.
In other Brookdale Senior Living news, Director Marcus E. Bromley purchased 6,400 shares of the business’s stock in a transaction dated Tuesday, August 14th. The shares were bought at an average price of $7.85 per share, for a total transaction of $50,240.00. Following the completion of the acquisition, the director now owns 54,619 shares in the company, valued at $428,759.15. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in Brookdale Senior Living in the first quarter valued at $140,000. Atria Investments LLC acquired a new position in Brookdale Senior Living in the second quarter valued at $254,000. Metropolitan Life Insurance Co. NY lifted its holdings in Brookdale Senior Living by 1,050.8% in the second quarter. Metropolitan Life Insurance Co. NY now owns 61,305 shares of the company’s stock valued at $557,000 after buying an additional 55,978 shares during the period. Macquarie Group Ltd. lifted its holdings in Brookdale Senior Living by 11.4% in the second quarter. Macquarie Group Ltd. now owns 6,970,170 shares of the company’s stock valued at $63,358,000 after buying an additional 712,746 shares during the period. Finally, Fosun International Ltd lifted its holdings in Brookdale Senior Living by 1.1% in the second quarter. Fosun International Ltd now owns 15,268,447 shares of the company’s stock valued at $138,791,000 after buying an additional 168,558 shares during the period.
Brookdale Senior Living Company Profile
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.
Read More: What are CEFs?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Brookdale Senior Living Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookdale Senior Living and related companies with MarketBeat.com's FREE daily email newsletter.