$0.98 EPS Expected for Bright Horizons Family Solutions Inc (NYSE:BFAM) This Quarter

Wall Street brokerages expect that Bright Horizons Family Solutions Inc (NYSE:BFAM) will report $0.98 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Bright Horizons Family Solutions’ earnings. Bright Horizons Family Solutions reported earnings per share of $0.87 in the same quarter last year, which would indicate a positive year-over-year growth rate of 12.6%. The business is scheduled to announce its next earnings results after the market closes on Thursday, August 1st.

On average, analysts expect that Bright Horizons Family Solutions will report full-year earnings of $3.62 per share for the current financial year, with EPS estimates ranging from $3.61 to $3.62. For the next financial year, analysts anticipate that the business will post earnings of $4.11 per share, with EPS estimates ranging from $4.07 to $4.17. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Bright Horizons Family Solutions.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Tuesday, April 30th. The company reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.02. The business had revenue of $501.76 million for the quarter, compared to the consensus estimate of $497.24 million. Bright Horizons Family Solutions had a net margin of 8.38% and a return on equity of 23.38%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 earnings per share.

Several analysts have recently weighed in on the stock. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. BMO Capital Markets cut shares of GLENCORE PLC/ADR from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 10th. Zacks Investment Research cut shares of EXACT Sciences from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, Goldman Sachs Group set a €6.20 ($7.21) target price on shares of Kloeckner & Co SE and gave the stock a “buy” rating in a research report on Thursday, June 20th. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Bright Horizons Family Solutions has a consensus rating of “Buy” and an average price target of $131.29.

In related news, EVP Stephen I. Dreier sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $133.75, for a total value of $535,000.00. Following the completion of the sale, the executive vice president now directly owns 41,023 shares in the company, valued at $5,486,826.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Stephen I. Dreier sold 6,500 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $151.84, for a total transaction of $986,960.00. Following the completion of the sale, the executive vice president now owns 41,023 shares of the company’s stock, valued at $6,228,932.32. The disclosure for this sale can be found here. In the last three months, insiders sold 37,756 shares of company stock valued at $5,458,127. Company insiders own 1.90% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Quantitative Systematic Strategies LLC raised its holdings in shares of Bright Horizons Family Solutions by 84.9% during the second quarter. Quantitative Systematic Strategies LLC now owns 10,126 shares of the company’s stock worth $1,528,000 after purchasing an additional 4,649 shares during the period. First Quadrant L P CA boosted its position in shares of Bright Horizons Family Solutions by 1,441.6% during the 2nd quarter. First Quadrant L P CA now owns 15,416 shares of the company’s stock valued at $2,326,000 after purchasing an additional 14,416 shares in the last quarter. Nippon Life Global Investors Americas Inc. boosted its position in shares of Bright Horizons Family Solutions by 4.0% during the 2nd quarter. Nippon Life Global Investors Americas Inc. now owns 51,850 shares of the company’s stock valued at $7,823,000 after purchasing an additional 2,000 shares in the last quarter. World Asset Management Inc boosted its position in shares of Bright Horizons Family Solutions by 5.2% during the 2nd quarter. World Asset Management Inc now owns 1,894 shares of the company’s stock valued at $286,000 after purchasing an additional 93 shares in the last quarter. Finally, Huntington National Bank bought a new position in shares of Bright Horizons Family Solutions during the 2nd quarter valued at about $33,000. Hedge funds and other institutional investors own 97.25% of the company’s stock.

Shares of NYSE:BFAM traded up $2.02 during midday trading on Friday, hitting $156.62. The stock had a trading volume of 3,296 shares, compared to its average volume of 261,778. The stock has a market cap of $9.04 billion, a P/E ratio of 51.65, a PEG ratio of 4.33 and a beta of 0.31. The company’s 50 day moving average price is $148.58. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 1.24. Bright Horizons Family Solutions has a 1 year low of $105.15 and a 1 year high of $156.06.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc provides child care and early education, back-up care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory Services. The Full Service Center-Based Child Care segment offers traditional center-based child care, preschool, and elementary education services.

Featured Story: Balance Sheet

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.