$0.96 Earnings Per Share Expected for Bright Horizons Family Solutions Inc (NYSE:BFAM) This Quarter

Analysts expect Bright Horizons Family Solutions Inc (NYSE:BFAM) to report $0.96 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Bright Horizons Family Solutions’ earnings. The highest EPS estimate is $0.98 and the lowest is $0.94. Bright Horizons Family Solutions reported earnings per share of $0.90 in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.7%. The business is scheduled to report its next earnings report on Tuesday, February 11th.

On average, analysts expect that Bright Horizons Family Solutions will report full year earnings of $3.63 per share for the current fiscal year, with EPS estimates ranging from $3.61 to $3.64. For the next fiscal year, analysts expect that the company will report earnings of $4.16 per share, with EPS estimates ranging from $4.12 to $4.22. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Bright Horizons Family Solutions.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. Bright Horizons Family Solutions had a net margin of 8.88% and a return on equity of 23.78%. The business had revenue of $511.58 million during the quarter, compared to the consensus estimate of $514.64 million. During the same quarter last year, the company earned $0.73 earnings per share. The business’s quarterly revenue was up 8.5% compared to the same quarter last year.

A number of equities analysts have commented on BFAM shares. Citigroup decreased their price objective on shares of Bright Horizons Family Solutions from $154.00 to $152.00 and set a “neutral” rating for the company in a report on Thursday. ValuEngine downgraded shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. BMO Capital Markets raised shares of Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $152.00 to $166.00 in a report on Wednesday, September 11th. Morgan Stanley started coverage on shares of Bright Horizons Family Solutions in a report on Tuesday, October 8th. They issued an “equal weight” rating and a $162.00 price objective for the company. Finally, Zacks Investment Research raised shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Monday. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Bright Horizons Family Solutions presently has a consensus rating of “Hold” and an average target price of $153.00.

Shares of BFAM stock traded up $0.74 during mid-day trading on Monday, reaching $143.98. 413,670 shares of the company were exchanged, compared to its average volume of 233,635. Bright Horizons Family Solutions has a fifty-two week low of $105.15 and a fifty-two week high of $168.28. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.41 and a current ratio of 0.41. The company has a market capitalization of $8.44 billion, a P/E ratio of 47.52, a P/E/G ratio of 4.21 and a beta of 0.27. The business’s 50 day simple moving average is $150.54 and its 200 day simple moving average is $148.15.

In other news, Director Roger H. Brown sold 5,000 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $160.00, for a total transaction of $800,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Elizabeth J. Boland sold 4,226 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $164.26, for a total transaction of $694,162.76. Following the transaction, the chief financial officer now directly owns 120,891 shares of the company’s stock, valued at approximately $19,857,555.66. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,423 shares of company stock valued at $4,860,127. Corporate insiders own 1.90% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Whittier Trust Co. raised its stake in shares of Bright Horizons Family Solutions by 4.5% during the second quarter. Whittier Trust Co. now owns 29,585 shares of the company’s stock valued at $4,463,000 after purchasing an additional 1,261 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Bright Horizons Family Solutions by 18.6% during the second quarter. Acadian Asset Management LLC now owns 45,439 shares of the company’s stock valued at $6,856,000 after purchasing an additional 7,133 shares in the last quarter. Man Group plc raised its stake in shares of Bright Horizons Family Solutions by 7.9% during the second quarter. Man Group plc now owns 68,025 shares of the company’s stock valued at $10,263,000 after purchasing an additional 4,993 shares in the last quarter. Fulcrum Equity Management bought a new stake in Bright Horizons Family Solutions in the third quarter worth about $859,000. Finally, Huntington National Bank raised its position in Bright Horizons Family Solutions by 50.5% in the third quarter. Huntington National Bank now owns 331 shares of the company’s stock worth $50,000 after acquiring an additional 111 shares in the last quarter. 96.91% of the stock is owned by institutional investors.

About Bright Horizons Family Solutions

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.

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