$0.69 Earnings Per Share Expected for Bright Horizons Family Solutions Inc. (BFAM) This Quarter

Wall Street brokerages forecast that Bright Horizons Family Solutions Inc. (NYSE:BFAM) will announce earnings per share (EPS) of $0.69 for the current quarter, Zacks reports. Three analysts have made estimates for Bright Horizons Family Solutions’ earnings. The lowest EPS estimate is $0.68 and the highest is $0.70. Bright Horizons Family Solutions reported earnings of $0.56 per share during the same quarter last year, which would indicate a positive year over year growth rate of 23.2%. The firm is expected to announce its next earnings results on Thursday, February 8th.

According to Zacks, analysts expect that Bright Horizons Family Solutions will report full-year earnings of $2.65 per share for the current year, with EPS estimates ranging from $2.64 to $2.66. For the next fiscal year, analysts anticipate that the company will post earnings of $3.01 per share, with EPS estimates ranging from $2.98 to $3.07. 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 Wednesday, November 1st. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. The firm had revenue of $433.30 million during the quarter, compared to analyst estimates of $429.36 million. Bright Horizons Family Solutions had a net margin of 7.22% and a return on equity of 19.72%. The company’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter last year, the business earned $0.49 earnings per share.

A number of equities research analysts have recently issued reports on the stock. BidaskClub raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Royal Bank Of Canada reissued a “buy” rating on shares of Bright Horizons Family Solutions in a report on Wednesday, August 9th. Zacks Investment Research raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a report on Friday, August 4th. Finally, Citigroup Inc. reissued a “buy” rating and issued a $92.00 price target (up from $90.00) on shares of Bright Horizons Family Solutions in a report on Thursday, August 3rd. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $90.67.

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Shares of Bright Horizons Family Solutions (NYSE BFAM) traded up $0.03 during trading hours on Friday, reaching $86.62. 162,145 shares of the company’s stock were exchanged, compared to its average volume of 278,367. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.49 and a quick ratio of 0.42. The company has a market capitalization of $5,334.86, a price-to-earnings ratio of 37.80, a PEG ratio of 1.81 and a beta of 0.13. Bright Horizons Family Solutions has a 12-month low of $65.00 and a 12-month high of $93.13.

In related news, COO Mary Lou Burke sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $79.98, for a total value of $159,960.00. Following the sale, the chief operating officer now directly owns 33,266 shares of the company’s stock, valued at $2,660,614.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary Ann Tocio sold 6,666 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $80.09, for a total transaction of $533,879.94. Following the completion of the sale, the director now directly owns 67,284 shares in the company, valued at $5,388,775.56. The disclosure for this sale can be found here. Insiders sold 68,778 shares of company stock worth $5,596,376 over the last ninety days. 2.90% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of the business. 1st Global Advisors Inc. raised its stake in shares of Bright Horizons Family Solutions by 1.1% during the second quarter. 1st Global Advisors Inc. now owns 7,187 shares of the company’s stock worth $555,000 after acquiring an additional 75 shares in the last quarter. Argent Capital Management LLC raised its stake in shares of Bright Horizons Family Solutions by 2.5% during the second quarter. Argent Capital Management LLC now owns 6,250 shares of the company’s stock worth $483,000 after acquiring an additional 150 shares in the last quarter. Stephens Inc. AR raised its stake in shares of Bright Horizons Family Solutions by 5.2% during the second quarter. Stephens Inc. AR now owns 4,561 shares of the company’s stock worth $352,000 after acquiring an additional 225 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of Bright Horizons Family Solutions by 6.9% during the second quarter. Teacher Retirement System of Texas now owns 3,801 shares of the company’s stock worth $293,000 after acquiring an additional 247 shares in the last quarter. Finally, HighTower Advisors LLC raised its stake in shares of Bright Horizons Family Solutions by 8.6% during the second quarter. HighTower Advisors LLC now owns 3,736 shares of the company’s stock worth $289,000 after acquiring an additional 295 shares in the last quarter. 96.98% of the stock is currently owned by hedge funds and other institutional investors.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

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