Wall Street brokerages expect Brookdale Senior Living, Inc. (NYSE:BKD) to report sales of $1.05 billion for the current quarter, according to Zacks. Two analysts have made estimates for Brookdale Senior Living’s earnings. The highest sales estimate is $1.07 billion and the lowest is $1.03 billion. Brookdale Senior Living posted sales of $1.19 billion during the same quarter last year, which would indicate a negative year over year growth rate of 11.8%. The company is expected to announce its next quarterly earnings results on Monday, May 6th.
On average, analysts expect that Brookdale Senior Living will report full-year sales of $4.13 billion for the current financial year, with estimates ranging from $4.02 billion to $4.24 billion. For the next financial year, analysts forecast that the company will report sales of $4.13 billion, with estimates ranging from $4.03 billion to $4.24 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Brookdale Senior Living.
Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings results on Wednesday, February 13th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.97. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. Brookdale Senior Living had a negative net margin of 11.66% and a negative return on equity of 15.69%. The company’s revenue was down 8.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.08) EPS.
Several research analysts have issued reports on the stock. Zacks Investment Research cut shares of Brookdale Senior Living from a “buy” rating to a “hold” rating in a report on Thursday, February 14th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $7.50 target price on shares of Brookdale Senior Living in a report on Thursday, February 14th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $10.00 target price on shares of Brookdale Senior Living in a report on Tuesday, February 12th. Finally, ValuEngine upgraded shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Brookdale Senior Living currently has an average rating of “Hold” and an average price target of $9.10.
Brookdale Senior Living stock traded down $0.29 during trading hours on Friday, hitting $6.23. The stock had a trading volume of 60,160 shares, compared to its average volume of 1,525,515. The company has a debt-to-equity ratio of 4.12, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $1.22 billion, a PE ratio of -3.13 and a beta of 1.69. Brookdale Senior Living has a 12-month low of $6.08 and a 12-month high of $10.10.
In other Brookdale Senior Living news, Director Denise Wilder Warren bought 5,000 shares of the company’s stock in a transaction on Monday, March 4th. The shares were bought at an average cost of $6.56 per share, for a total transaction of $32,800.00. Following the acquisition, the director now directly owns 24,401 shares in the company, valued at $160,070.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frank M. Bumstead bought 20,000 shares of the company’s stock in a transaction on Tuesday, February 26th. The shares were acquired at an average price of $6.95 per share, for a total transaction of $139,000.00. Following the completion of the acquisition, the director now owns 191,019 shares in the company, valued at $1,327,582.05. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 46,195 shares of company stock worth $320,904. Company insiders own 1.20% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Vanguard Group Inc grew its holdings in Brookdale Senior Living by 1.8% during the 3rd quarter. Vanguard Group Inc now owns 16,568,707 shares of the company’s stock worth $162,871,000 after acquiring an additional 289,082 shares in the last quarter. BlackRock Inc. grew its holdings in Brookdale Senior Living by 3.0% during the 3rd quarter. BlackRock Inc. now owns 14,004,652 shares of the company’s stock worth $137,665,000 after acquiring an additional 408,090 shares in the last quarter. Putnam Investments LLC grew its holdings in Brookdale Senior Living by 47.1% during the 3rd quarter. Putnam Investments LLC now owns 402,645 shares of the company’s stock worth $3,958,000 after acquiring an additional 128,845 shares in the last quarter. Teachers Advisors LLC grew its holdings in Brookdale Senior Living by 4.1% during the 3rd quarter. Teachers Advisors LLC now owns 467,702 shares of the company’s stock worth $4,598,000 after acquiring an additional 18,272 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Brookdale Senior Living by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 16,568,707 shares of the company’s stock worth $162,871,000 after acquiring an additional 289,082 shares in the last quarter. Institutional investors own 99.39% of the company’s stock.
About Brookdale Senior Living
Brookdale Senior Living Inc owns and operates senior living communities in the United States. It operates through five segments: Independent Living, Assisted Living and Memory Care, CCRCs, Health Care Services, and Management Services. The Independent Living segment owns or leases communities comprising independent and assisted living units in a single community that are primarily designed for middle to upper income senior citizens.
Featured Article: How prevalent are 12b-1 fees?
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.