Bright Horizons Family Solutions (NYSE:BFAM) Announces Earnings Results

Bright Horizons Family Solutions (NYSE:BFAM) released its earnings results on Thursday. The company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02, FiscalAI reports. Bright Horizons Family Solutions had a net margin of 6.98% and a return on equity of 17.07%. The firm had revenue of $733.70 million during the quarter, compared to analyst estimates of $727.44 million.

Bright Horizons Family Solutions Stock Up 0.8%

NYSE BFAM traded up $0.61 on Thursday, reaching $82.21. The company had a trading volume of 1,971,716 shares, compared to its average volume of 716,152. The company’s fifty day moving average is $97.18 and its 200-day moving average is $104.39. Bright Horizons Family Solutions has a 1-year low of $77.25 and a 1-year high of $132.99. The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of 23.62, a price-to-earnings-growth ratio of 1.03 and a beta of 1.40. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.54 and a current ratio of 0.54.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Zacks Research lowered Bright Horizons Family Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. BMO Capital Markets restated an “outperform” rating and set a $124.00 price objective on shares of Bright Horizons Family Solutions in a report on Friday, October 31st. JPMorgan Chase & Co. increased their target price on shares of Bright Horizons Family Solutions from $156.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Bright Horizons Family Solutions in a report on Monday, December 29th. Finally, Wall Street Zen cut shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research report on Sunday, November 30th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $126.43.

Institutional Investors Weigh In On Bright Horizons Family Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC increased its position in shares of Bright Horizons Family Solutions by 24.1% during the 1st quarter. NewEdge Advisors LLC now owns 6,750 shares of the company’s stock worth $858,000 after purchasing an additional 1,312 shares during the last quarter. Creative Planning raised its position in Bright Horizons Family Solutions by 17.7% during the second quarter. Creative Planning now owns 2,753 shares of the company’s stock worth $340,000 after acquiring an additional 414 shares in the last quarter. Elevation Point Wealth Partners LLC lifted its stake in Bright Horizons Family Solutions by 409.2% in the third quarter. Elevation Point Wealth Partners LLC now owns 2,877 shares of the company’s stock valued at $312,000 after acquiring an additional 2,312 shares during the last quarter. Cresset Asset Management LLC bought a new position in shares of Bright Horizons Family Solutions in the 3rd quarter valued at about $306,000. Finally, Polymer Capital Management US LLC bought a new stake in shares of Bright Horizons Family Solutions in the 3rd quarter valued at about $306,000.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions, Inc (NYSE: BFAM) is a leading provider of employer-sponsored child care and early education services, offering a range of solutions designed to support working families and organizations. Through a network of on-site, near-site and center-based programs, the company partners with corporate and nonprofit clients to deliver infant, toddler, preschool and school-age care. Services emphasize age-appropriate curriculum, developmental milestones and community engagement to ensure high-quality learning experiences.